BNP Paribas Financial Markets Boosts Position in Stratasys Ltd. (NASDAQ:SSYS)

BNP Paribas Financial Markets boosted its position in shares of Stratasys Ltd. (NASDAQ:SSYS) by 785.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 129,728 shares of the technology company’s stock after purchasing an additional 115,080 shares during the quarter. BNP Paribas Financial Markets’ holdings in Stratasys were worth $1,078,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Pinnacle Associates Ltd. boosted its position in Stratasys by 0.4% during the third quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock worth $8,731,000 after purchasing an additional 3,791 shares in the last quarter. ARK Investment Management LLC boosted its position in Stratasys by 0.7% during the third quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock worth $5,378,000 after purchasing an additional 4,589 shares in the last quarter. Trium Capital LLP boosted its position in Stratasys by 5.6% during the second quarter. Trium Capital LLP now owns 150,948 shares of the technology company’s stock worth $1,266,000 after purchasing an additional 8,052 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Stratasys during the third quarter worth $90,000. Finally, Values First Advisors Inc. boosted its position in Stratasys by 51.3% during 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 in the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Cantor Fitzgerald reduced their price objective on Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Lake Street Capital reduced their price objective on Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Loop Capital reduced their price objective on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Needham & Company LLC upped their price objective on Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, StockNews.com downgraded Stratasys from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Stratasys has a consensus rating of “Moderate Buy” and a consensus target price of $11.40.

Stratasys Trading Down 0.6 %

NASDAQ SSYS opened at $10.16 on Wednesday. The business’s 50-day moving average price is $8.31 and its 200 day moving average price is $8.18. Stratasys Ltd. has a twelve month low of $6.05 and a twelve month high of $14.93. The company has a market capitalization of $725.22 million, a PE ratio of -7.70 and a beta of 1.31.

Stratasys (NASDAQ:SSYS) last released its earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm had revenue of $140.00 million for the quarter, compared to the consensus estimate of $139.49 million. During the same period in the prior year, the business posted ($0.05) earnings per share. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year. Equities analysts predict that Stratasys Ltd. will post -0.4 EPS 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.