Stratasys Ltd. (NASDAQ:SSYS) Holdings Increased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. increased its stake in Stratasys Ltd. (NASDAQ:SSYS) by 53.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,153,580 shares of the technology company’s stock after acquiring an additional 400,000 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Stratasys were worth $10,255,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp increased 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 purchasing an additional 1,500 shares during the period. Barclays PLC lifted its stake in 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. Tidal Investments LLC boosted its holdings in Stratasys by 4.6% during the third quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock worth $467,000 after buying an additional 2,483 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Stratasys by 0.4% in the third quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock valued at $8,731,000 after buying an additional 3,791 shares in the last quarter. Finally, ARK Investment Management LLC grew its holdings in shares of Stratasys by 0.7% in the 3rd quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock worth $5,378,000 after acquiring an additional 4,589 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

Stratasys Trading Up 2.6 %

SSYS stock opened at $12.85 on Friday. Stratasys Ltd. has a 12-month low of $6.05 and a 12-month high of $13.98. The company has a 50 day moving average of $9.59 and a two-hundred day moving average of $8.43.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SSYS shares. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 price target on shares of Stratasys in a research report on Monday. Craig Hallum lifted their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $12.00 price objective on shares of Stratasys in a research note on Monday. Finally, StockNews.com raised shares of Stratasys from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $11.40.

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.