Stratasys Ltd. (NASDAQ:SSYS) Shares Sold by RBF Capital LLC

RBF Capital LLC cut its holdings in shares of Stratasys Ltd. (NASDAQ:SSYS) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,000 shares of the technology company’s stock after selling 5,000 shares during the period. RBF Capital LLC owned approximately 0.18% of Stratasys worth $1,111,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SSYS. State Street Corp lifted its position in shares of Stratasys by 1.4% during the 3rd quarter. State Street Corp now owns 105,578 shares of the technology company’s stock valued at $877,000 after acquiring an additional 1,500 shares during the last quarter. Barclays PLC lifted its holdings in shares of Stratasys by 1.9% during the third quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock valued at $669,000 after purchasing an additional 1,525 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Stratasys by 10.4% in the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock valued at $148,000 after purchasing an additional 1,564 shares during the period. Tidal Investments LLC increased its stake in Stratasys by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock worth $467,000 after purchasing an additional 2,483 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in Stratasys by 24.7% during the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock worth $193,000 after buying an additional 4,600 shares during the period. 75.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on SSYS. Cantor Fitzgerald raised their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. StockNews.com cut shares of Stratasys from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Needham & Company LLC increased their target price on Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Stratasys currently has an average rating of “Moderate Buy” and an average price target of $12.20.

Stratasys Stock Performance

SSYS stock opened at $9.06 on Wednesday. The firm has a 50 day simple moving average of $10.02 and a 200 day simple moving average of $9.44. Stratasys Ltd. has a 52 week low of $6.05 and a 52 week high of $12.88. The stock has a market cap of $649.75 million, a P/E ratio of -6.86 and a beta of 1.44.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business had revenue of $150.40 million for the quarter, compared to analysts’ expectations of $151.01 million. During the same period in the previous year, the company posted $0.02 EPS. Stratasys’s revenue was down 3.8% on a year-over-year basis. Sell-side analysts predict that Stratasys Ltd. will post -0.4 EPS for the current year.

About Stratasys

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.