Norges Bank Makes New $6.71 Million Investment in Stratasys Ltd. (NASDAQ:SSYS)

Norges Bank bought a new position in shares of Stratasys Ltd. (NASDAQ:SSYSFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 469,577 shares of the technology company’s stock, valued at approximately $6,706,000. Norges Bank owned approximately 0.69% of Stratasys as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in SSYS. Rubric Capital Management LP purchased a new stake in shares of Stratasys in the 3rd quarter worth about $12,394,000. TSP Capital Management Group LLC boosted its position in shares of Stratasys by 71.2% in the 4th quarter. TSP Capital Management Group LLC now owns 426,400 shares of the technology company’s stock worth $6,089,000 after buying an additional 177,350 shares in the last quarter. Douglas Lane & Associates LLC boosted its position in shares of Stratasys by 10.5% in the 4th quarter. Douglas Lane & Associates LLC now owns 1,343,018 shares of the technology company’s stock worth $19,178,000 after buying an additional 127,330 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Stratasys by 255.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 168,846 shares of the technology company’s stock worth $2,298,000 after buying an additional 121,343 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of Stratasys by 9.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,386,788 shares of the technology company’s stock worth $19,803,000 after buying an additional 119,922 shares in the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Stratasys Trading Up 7.8 %

Shares of SSYS stock opened at $9.67 on Friday. The firm has a 50-day moving average price of $9.82 and a 200 day moving average price of $11.69. Stratasys Ltd. has a twelve month low of $8.53 and a twelve month high of $21.72. The company has a market capitalization of $673.57 million, a price-to-earnings ratio of -5.28 and a beta of 1.32.

Stratasys (NASDAQ:SSYSGet Free Report) last announced its earnings results on Thursday, March 7th. The technology company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Stratasys had a negative net margin of 20.38% and a negative return on equity of 2.68%. The firm had revenue of $156.34 million during the quarter, compared to the consensus estimate of $153.96 million. During the same quarter in the previous year, the company posted ($0.03) EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, research analysts predict that Stratasys Ltd. will post -0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

SSYS has been the topic of several recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $23.00 price objective on shares of Stratasys in a research report on Thursday, May 30th. Needham & Company LLC cut their target price on shares of Stratasys from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Finally, StockNews.com initiated coverage on shares of Stratasys in a research note on Thursday. They issued a “buy” rating for the company.

Get Our Latest Stock Report on Stratasys

Stratasys Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Stratasys (NASDAQ:SSYS)

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