RPG Investment Advisory LLC Lowers Position in Stratasys Ltd. (NASDAQ:SSYS)

RPG Investment Advisory LLC lessened its holdings in shares of Stratasys Ltd. (NASDAQ:SSYS) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 321,844 shares of the technology company’s stock after selling 3,597 shares during the quarter. RPG Investment Advisory LLC owned about 0.47% of Stratasys worth $5,716,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Capital Analysts LLC bought a new stake in Stratasys during the first quarter valued at approximately $30,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Stratasys by 73.4% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,103 shares of the technology company’s stock worth $35,000 after acquiring an additional 890 shares during the last quarter. Nemes Rush Group LLC purchased a new position in Stratasys in the second quarter worth $53,000. Captrust Financial Advisors grew its position in Stratasys by 315.6% in the second quarter. Captrust Financial Advisors now owns 3,071 shares of the technology company’s stock worth $58,000 after acquiring an additional 2,332 shares in the last quarter. Finally, Amundi increased its stake in Stratasys by 25.2% in the fourth quarter. Amundi now owns 6,921 shares of the technology company’s stock valued at $95,000 after acquiring an additional 1,393 shares during the last quarter. Hedge funds and other institutional investors own 72.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SSYS. StockNews.com assumed coverage on Stratasys in a research report on Sunday. They set a “buy” rating on the stock. Needham & Company LLC cut their price objective on shares of Stratasys from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday.

Stratasys Stock Up 2.1 %

Shares of SSYS traded up $0.23 during trading hours on Monday, reaching $11.06. 164,833 shares of the company traded hands, compared to its average volume of 789,425. Stratasys Ltd. has a 12 month low of $9.95 and a 12 month high of $21.72. The company has a market capitalization of $756.50 million, a price-to-earnings ratio of -6.73 and a beta of 1.45. The company’s fifty day moving average price is $11.62 and its two-hundred day moving average price is $14.73.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Thursday, November 16th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $162.13 million during the quarter, compared to analyst estimates of $161.72 million. Stratasys had a negative return on equity of 1.96% and a negative net margin of 17.53%. On average, analysts expect that Stratasys Ltd. will post -0.25 EPS for the current 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 SAF printer for manufacturing, tooling and rapid prototyping, and various vertical markets, such as automotive, aerospace, consumer products and healthcare.