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

Rubric Capital Management LP raised its holdings in Stratasys Ltd. (NASDAQ:SSYS) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,191,000 shares of the technology company’s stock after acquiring an additional 222,297 shares during the quarter. Rubric Capital Management LP owned about 8.67% of Stratasys worth $51,447,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Clearline Capital LP bought a new stake in Stratasys during the 2nd quarter valued at approximately $9,301,000. RPG Investment Advisory LLC increased its position in Stratasys by 29.6% during the third quarter. RPG Investment Advisory LLC now owns 659,996 shares of the technology company’s stock worth $5,485,000 after acquiring an additional 150,891 shares during the period. State of Michigan Retirement System raised its stake in Stratasys by 17.2% during the 2nd quarter. State of Michigan Retirement System now owns 817,503 shares of the technology company’s stock valued at $6,859,000 after purchasing an additional 120,000 shares during the last quarter. ARK Investment Management LLC raised its stake in Stratasys by 22.2% during the 2nd quarter. ARK Investment Management LLC now owns 642,632 shares of the technology company’s stock valued at $5,392,000 after purchasing an additional 116,912 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Stratasys by 785.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 129,728 shares of the technology company’s stock valued at $1,078,000 after purchasing an additional 115,080 shares during the period. 75.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SSYS. Craig Hallum boosted their price target on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. StockNews.com initiated coverage on Stratasys in a research report on Monday, September 2nd. They set a “hold” rating on the stock. Loop Capital reduced their target price on Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Cantor Fitzgerald lowered their price target 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. Finally, Needham & Company LLC raised their price objective on shares of Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Stratasys currently has a consensus rating of “Moderate Buy” and an average price target of $11.40.

Stratasys Stock Performance

Shares of NASDAQ:SSYS opened at $9.53 on Wednesday. The business has a fifty day moving average of $7.96 and a 200-day moving average of $8.17. Stratasys Ltd. has a twelve month low of $6.05 and a twelve month high of $14.93.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.05. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The business had revenue of $140.00 million for the quarter, compared to analysts’ expectations of $139.49 million. During the same period in the prior year, the firm earned ($0.05) earnings per share. Stratasys’s revenue was down 13.6% compared to the same quarter last year. As a group, research analysts forecast 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.