Jump Financial LLC Decreases Stake in Stratasys Ltd. (NASDAQ:SSYS)

Jump Financial LLC reduced its position in Stratasys Ltd. (NASDAQ:SSYS) by 39.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,036 shares of the technology company’s stock after selling 22,364 shares during the period. Jump Financial LLC owned approximately 0.06% of Stratasys worth $880,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SSYS. Renaissance Technologies LLC boosted its position in Stratasys by 709.1% in the 1st quarter. Renaissance Technologies LLC now owns 3,122,532 shares of the technology company’s stock valued at $80,874,000 after buying an additional 2,736,600 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in Stratasys in the 1st quarter valued at about $30,269,000. Goldman Sachs Group Inc. boosted its position in Stratasys by 1,642.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,016,081 shares of the technology company’s stock valued at $26,316,000 after buying an additional 957,759 shares during the last quarter. Voloridge Investment Management LLC boosted its position in Stratasys by 3,091.5% in the 1st quarter. Voloridge Investment Management LLC now owns 628,473 shares of the technology company’s stock valued at $16,277,000 after buying an additional 608,781 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its position in Stratasys by 84.5% in the 2nd quarter. Douglas Lane & Associates LLC now owns 1,300,563 shares of the technology company’s stock valued at $33,633,000 after buying an additional 595,504 shares during the last quarter. 81.03% of the stock is owned by institutional investors.

Shares of SSYS stock opened at $27.11 on Thursday. Stratasys Ltd. has a one year low of $12.48 and a one year high of $56.95. The company’s 50-day simple moving average is $22.51 and its 200-day simple moving average is $22.47. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -3.48 and a beta of 1.18.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Thursday, August 5th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.05. Stratasys had a negative net margin of 78.54% and a negative return on equity of 2.40%. The business had revenue of $147.00 million for the quarter, compared to analysts’ expectations of $136.10 million. During the same quarter last year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. On average, equities research analysts expect that Stratasys Ltd. will post -0.66 earnings per share for the current fiscal year.

Stratasys Company Profile

Stratasys Ltd. engages in the provision of applied additive technology solutions for industries including aerospace, automotive, healthcare, consumer products, and education. Its systems include desktop 3D printers for idea and design development, various systems for rapid prototyping and large production systems for direct digital manufacturing.

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Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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