Stratasys Ltd. (NASDAQ:SSYS) Shares Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL boosted its stake in Stratasys Ltd. (NASDAQ:SSYS) by 33.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,461 shares of the technology company’s stock after buying an additional 48,157 shares during the period. Gamco Investors INC. ET AL’s holdings in Stratasys were worth $1,702,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SSYS. Headlands Technologies LLC acquired a new stake in Stratasys in the 4th quarter valued at approximately $68,000. SBI Securities Co. Ltd. acquired a new position in shares of Stratasys during the fourth quarter valued at $90,000. Stifel Financial Corp raised its stake in shares of Stratasys by 24.7% during the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock valued at $193,000 after purchasing an additional 4,600 shares in the last quarter. XTX Topco Ltd acquired a new stake in Stratasys in the fourth quarter worth about $331,000. Finally, Virtu Financial LLC bought a new position in Stratasys in the 4th quarter valued at about $379,000. 75.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SSYS has been the subject of several recent analyst reports. Cantor Fitzgerald increased their price objective on shares of Stratasys from $12.00 to $15.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Needham & Company LLC increased their price target on Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Finally, StockNews.com downgraded Stratasys from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.20.

Stratasys Price Performance

SSYS stock opened at $9.08 on Friday. The firm has a market cap of $651.18 million, a PE ratio of -6.88 and a beta of 1.44. Stratasys Ltd. has a 12 month low of $6.05 and a 12 month high of $12.88. The firm has a 50 day simple moving average of $10.13 and a 200 day simple moving average of $9.42.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $150.40 million during the quarter, compared to analyst estimates of $151.01 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the company posted $0.02 EPS. As a group, sell-side analysts expect that Stratasys Ltd. will post -0.4 earnings per share for the current year.

About Stratasys

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.