Stratasys (NASDAQ:SSYS) Sees Large Volume Increase

Stratasys Ltd. (NASDAQ:SSYS) saw unusually-strong trading volume on Monday . Approximately 913,936 shares were traded during trading, an increase of 104% from the previous session’s volume of 448,675 shares.The stock last traded at $8.22 and had previously closed at $8.42.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SSYS. StockNews.com began coverage on Stratasys in a report on Friday. They issued a “buy” rating on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $23.00 price objective on shares of Stratasys in a research report on Thursday, May 30th. Finally, Needham & Company LLC cut their price target on shares of Stratasys from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th.

Stratasys Stock Performance

The stock’s 50 day moving average price is $9.55 and its two-hundred day moving average price is $11.61.

Institutional Investors Weigh In On Stratasys

Several institutional investors and hedge funds have recently made changes to their positions in SSYS. Rubric Capital Management LP lifted its stake in Stratasys by 366.7% in the 4th quarter. Rubric Capital Management LP now owns 4,250,000 shares of the technology company’s stock valued at $60,690,000 after buying an additional 3,339,367 shares in the last quarter. Norges Bank purchased a new stake in shares of Stratasys in the fourth quarter valued at $6,706,000. TSP Capital Management Group LLC boosted its stake in shares of Stratasys by 71.2% during the fourth quarter. TSP Capital Management Group LLC now owns 426,400 shares of the technology company’s stock valued at $6,089,000 after acquiring an additional 177,350 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in Stratasys by 9.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,694,148 shares of the technology company’s stock worth $24,192,000 after purchasing an additional 140,841 shares in the last quarter. Finally, Douglas Lane & Associates LLC increased its position in Stratasys by 10.5% during the 4th quarter. Douglas Lane & Associates LLC now owns 1,343,018 shares of the technology company’s stock worth $19,178,000 after purchasing an additional 127,330 shares in the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

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.