Stratasys, Ltd. (NASDAQ:SSYS) Position Boosted by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Stratasys, Ltd. (NASDAQ:SSYS) by 84.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,130,983 shares of the technology company’s stock after acquiring an additional 977,403 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned approximately 2.97% of Stratasys worth $20,862,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brown Advisory Inc. bought a new position in Stratasys in the 1st quarter worth approximately $369,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Stratasys in the 1st quarter worth approximately $1,892,000. Janney Montgomery Scott LLC bought a new position in Stratasys in the 1st quarter worth approximately $498,000. Exchange Traded Concepts LLC grew its holdings in Stratasys by 2.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,440,033 shares of the technology company’s stock worth $14,098,000 after buying an additional 40,135 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Stratasys in the 1st quarter worth approximately $1,143,000. Institutional investors and hedge funds own 75.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Stratasys from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.20.

Stratasys Stock Performance

Shares of NASDAQ:SSYS traded up $0.08 on Friday, hitting $11.11. 8,433 shares of the company were exchanged, compared to its average volume of 550,672. The company’s 50 day moving average price is $10.87 and its two-hundred day moving average price is $10.27. Stratasys, Ltd. has a one year low of $6.05 and a one year high of $12.88. The firm has a market capitalization of $943.04 million, a price-to-earnings ratio of -7.40 and a beta of 1.53.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $136.05 million for the quarter, compared to analysts’ expectations of $134.11 million. Stratasys had a negative net margin of 19.02% and a negative return on equity of 1.86%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. Research analysts predict that Stratasys, Ltd. will post -0.4 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.