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

Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Stratasys Ltd. (NASDAQ:SSYS) by 53.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,153,580 shares of the technology company’s stock after acquiring an additional 400,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned about 1.62% of Stratasys worth $10,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Stratasys in the third quarter worth about $90,000. Stifel Financial Corp grew its position in Stratasys by 24.7% in the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock valued at $193,000 after acquiring an additional 4,600 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Stratasys during the third quarter valued at approximately $210,000. Verition Fund Management LLC acquired a new position in shares of Stratasys during the third quarter worth $322,000. Finally, Tidal Investments LLC grew its holdings in Stratasys by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock valued at $467,000 after purchasing an additional 2,483 shares in the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

Stratasys Price Performance

Shares of NASDAQ SSYS opened at $12.85 on Friday. The firm’s 50-day moving average price is $9.59 and its two-hundred day moving average price is $8.43. Stratasys Ltd. has a 52-week low of $6.05 and a 52-week high of $13.98.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on SSYS shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $12.00 price objective on shares of Stratasys in a research report on Monday. Craig Hallum lifted their price objective on Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Needham & Company LLC restated a “buy” rating and issued a $12.00 price target 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 report on Wednesday, December 25th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.