Rubric Capital Management LP Has $51.45 Million Stock Holdings in Stratasys Ltd. (NASDAQ:SSYS)

Rubric Capital Management LP raised its position in Stratasys Ltd. (NASDAQ:SSYS) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,191,000 shares of the technology company’s stock after purchasing an additional 222,297 shares during the period. Rubric Capital Management LP owned approximately 0.09% of Stratasys worth $51,447,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Pinnacle Associates Ltd. grew its holdings in shares of Stratasys by 0.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 1,050,639 shares of the technology company’s stock valued at $8,731,000 after buying an additional 3,791 shares during the period. ARK Investment Management LLC increased its holdings in shares of Stratasys by 0.7% in the third quarter. ARK Investment Management LLC now owns 647,221 shares of the technology company’s stock worth $5,378,000 after acquiring an additional 4,589 shares in the last quarter. Trium Capital LLP lifted its holdings in shares of Stratasys by 5.6% during the 2nd quarter. Trium Capital LLP now owns 150,948 shares of the technology company’s stock valued at $1,266,000 after purchasing an additional 8,052 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Stratasys in the 3rd quarter valued at approximately $90,000. Finally, Values First Advisors Inc. grew its position in shares of Stratasys by 51.3% in the 2nd quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock valued at $278,000 after purchasing an additional 11,254 shares during the period. 75.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SSYS has been the topic of a number of research analyst reports. Cantor Fitzgerald dropped their price objective on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. StockNews.com began coverage on Stratasys in a report on Monday, September 2nd. They issued a “hold” rating on the stock. Needham & Company LLC lifted their target price on Stratasys from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Lake Street Capital decreased their price target on shares of Stratasys from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Craig Hallum raised their target price on shares of Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.40.

Stratasys Stock Down 2.4 %

NASDAQ SSYS opened at $9.53 on Wednesday. The firm’s fifty day moving average price is $7.96 and its two-hundred day moving average price is $8.17. Stratasys Ltd. has a 1 year low of $6.05 and a 1 year high of $14.93.

Stratasys (NASDAQ:SSYS) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.05. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The company had revenue of $140.00 million during the quarter, compared to the consensus estimate of $139.49 million. During the same period in the previous year, the company posted ($0.05) EPS. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year. On average, analysts anticipate that Stratasys Ltd. will post -0.41 earnings per share for the current year.

Stratasys 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.