1,313,570 Shares in Stratasys Ltd. (NASDAQ:SSYS) Bought by Invenomic Capital Management LP

Invenomic Capital Management LP purchased a new position in Stratasys Ltd. (NASDAQ:SSYS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,313,570 shares of the technology company’s stock, valued at approximately $10,916,000. Invenomic Capital Management LP owned about 1.84% of Stratasys as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SSYS. Quantbot Technologies LP purchased a new position in Stratasys in the third quarter worth about $90,000. Values First Advisors Inc. boosted its position in shares of Stratasys by 51.3% in the second quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock worth $278,000 after purchasing an additional 11,254 shares during the period. Verition Fund Management LLC bought a new position in shares of Stratasys in the third quarter worth approximately $322,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Stratasys by 510.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,803 shares of the technology company’s stock worth $563,000 after acquiring an additional 56,699 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in Stratasys during the first quarter valued at $598,000. Institutional investors own 75.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reduced their target price on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Craig Hallum raised their price target on shares of Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Loop Capital decreased their price objective on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Lake Street Capital reduced their price target on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, StockNews.com raised shares of Stratasys from a “hold” rating to a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.40.

Stratasys Trading Up 1.0 %

SSYS stock opened at $9.66 on Tuesday. Stratasys Ltd. has a twelve month low of $6.05 and a twelve month high of $14.93. The company’s 50 day moving average is $8.13 and its two-hundred day moving average is $8.17. The stock has a market cap of $689.53 million, a P/E ratio of -7.24 and a beta of 1.31.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The firm had revenue of $140.00 million for the quarter, compared to analyst estimates of $139.49 million. During the same period last year, the firm posted ($0.05) EPS. Stratasys’s quarterly revenue was down 13.6% on a year-over-year basis. On average, equities research analysts predict that Stratasys Ltd. will post -0.41 earnings per share for the current year.

Stratasys Profile

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.