State of Michigan Retirement System Makes New Investment in Stratasys, Ltd. $SSYS

State of Michigan Retirement System bought a new stake in Stratasys, Ltd. (NASDAQ:SSYS) during the 1st quarter, Holdings Channel reports. The firm bought 500,000 shares of the technology company’s stock, valued at approximately $3,905,000.

Several other hedge funds have also made changes to their positions in SSYS. Rubric Capital Management LP increased its holdings in shares of Stratasys by 18.3% during the 2nd quarter. Rubric Capital Management LP now owns 7,803,097 shares of the technology company’s stock worth $89,502,000 after buying an additional 1,205,764 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Stratasys by 18.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,629,459 shares of the technology company’s stock worth $14,144,000 after acquiring an additional 256,908 shares during the period. State Street Corp grew its position in Stratasys by 998.4% in the fourth quarter. State Street Corp now owns 1,567,080 shares of the technology company’s stock worth $13,602,000 after acquiring an additional 1,424,415 shares during the period. TSP Capital Management Group LLC increased its stake in Stratasys by 2.1% during the first quarter. TSP Capital Management Group LLC now owns 1,110,850 shares of the technology company’s stock worth $8,676,000 after acquiring an additional 22,700 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Stratasys by 11.6% during the fourth quarter. Legal & General Group Plc now owns 1,032,041 shares of the technology company’s stock worth $8,958,000 after acquiring an additional 107,472 shares during the last quarter. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Stratasys Stock Performance

Stratasys stock opened at $8.19 on Friday. The company’s 50 day simple moving average is $8.79 and its 200-day simple moving average is $9.19. Stratasys, Ltd. has a 1 year low of $7.34 and a 1 year high of $12.81. The company has a market capitalization of $705.73 million, a price-to-earnings ratio of -6.07 and a beta of 1.91.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Stratasys had a negative net margin of 21.00% and a negative return on equity of 1.73%. The firm had revenue of $132.70 million during the quarter, compared to analysts’ expectations of $131.82 million. During the same quarter last year, the company posted $0.04 EPS. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. Stratasys has set its FY 2026 guidance at 0.090-0.140 EPS. Equities analysts expect that Stratasys, Ltd. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Stratasys from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 21st. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Stratasys has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

Stratasys Profile

Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.

The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.