Jane Street Group LLC Acquires 110,578 Shares of Stratasys Ltd. (NASDAQ:SSYS)

Jane Street Group LLC boosted its holdings in Stratasys Ltd. (NASDAQ:SSYS) by 107.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 213,796 shares of the technology company’s stock after buying an additional 110,578 shares during the period. Jane Street Group LLC owned approximately 0.30% of Stratasys worth $1,901,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its position in Stratasys by 10.4% in the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock worth $148,000 after buying an additional 1,564 shares during the period. RPG Investment Advisory LLC grew its holdings in shares of Stratasys by 64.6% during the 4th quarter. RPG Investment Advisory LLC now owns 1,086,337 shares of the technology company’s stock worth $9,658,000 after purchasing an additional 426,341 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Stratasys by 53.1% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company’s stock worth $10,255,000 after purchasing an additional 400,000 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Stratasys by 44.0% during the 4th quarter. Renaissance Technologies LLC now owns 563,832 shares of the technology company’s stock worth $5,012,000 after purchasing an additional 172,218 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Stratasys during the 4th quarter worth approximately $379,000. 75.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SSYS. StockNews.com raised Stratasys from a “hold” rating to a “buy” rating in a report on Thursday. Needham & Company LLC lifted their price objective on Stratasys from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Finally, Cantor Fitzgerald lifted their price objective on Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.20.

Stratasys Price Performance

Shares of NASDAQ:SSYS opened at $11.16 on Friday. The business’s fifty day moving average price is $9.78 and its two-hundred day moving average price is $9.79. Stratasys Ltd. has a fifty-two week low of $6.05 and a fifty-two week high of $12.88. The stock has a market capitalization of $800.35 million, a price-to-earnings ratio of -8.45 and a beta of 1.50.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The firm had revenue of $136.05 million for the quarter, compared to analysts’ expectations of $134.11 million. During the same period in the prior year, the business posted ($0.02) earnings per share. The business’s revenue was down 5.6% compared to the same quarter last year. Research analysts expect that Stratasys Ltd. will post -0.4 EPS for the current fiscal year.

Stratasys Company 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.