RPG Investment Advisory LLC Purchases 150,891 Shares of Stratasys Ltd. (NASDAQ:SSYS)

RPG Investment Advisory LLC increased its position in Stratasys Ltd. (NASDAQ:SSYS) by 29.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 659,996 shares of the technology company’s stock after purchasing an additional 150,891 shares during the quarter. RPG Investment Advisory LLC’s holdings in Stratasys were worth $5,485,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SSYS. Crewe Advisors LLC purchased a new stake in Stratasys during the first quarter worth $61,000. Values First Advisors Inc. lifted its holdings in Stratasys by 51.3% during the second quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock worth $278,000 after buying an additional 11,254 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Stratasys by 4.0% during the first quarter. Gamco Investors INC. ET AL now owns 48,659 shares of the technology company’s stock worth $565,000 after buying an additional 1,850 shares during the period. Tidal Investments LLC purchased a new stake in Stratasys during the first quarter worth $598,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in shares of Stratasys by 17.4% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 122,204 shares of the technology company’s stock valued at $1,420,000 after purchasing an additional 18,100 shares during the last quarter. Institutional investors own 75.77% of the company’s stock.

Stratasys Stock Performance

Shares of SSYS opened at $8.39 on Wednesday. The business’s 50-day moving average is $7.40 and its two-hundred day moving average is $8.19. The company has a market capitalization of $598.86 million, a P/E ratio of -5.15 and a beta of 1.21. Stratasys Ltd. has a fifty-two week low of $6.05 and a fifty-two week high of $14.93.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. Stratasys had a negative return on equity of 3.29% and a negative net margin of 18.98%. The company had revenue of $138.00 million for the quarter, compared to the consensus estimate of $146.38 million. During the same period last year, the firm earned ($0.08) EPS. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year. Analysts forecast that Stratasys Ltd. will post -0.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SSYS. Lake Street Capital decreased their price objective on Stratasys from $15.00 to $11.00 and set a “buy” rating for the company in a report on Friday, August 30th. Loop Capital decreased their price objective on Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, September 5th. Cantor Fitzgerald reduced their target price on Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. StockNews.com assumed coverage on Stratasys in a research note on Monday, September 2nd. They issued a “hold” rating for the company. Finally, Needham & Company LLC reduced their target price on Stratasys from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, August 30th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.80.

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.