Clearline Capital LP Reduces Position in Stratasys, Ltd. $SSYS

by · The Cerbat Gem

Clearline Capital LP lessened its holdings in shares of Stratasys, Ltd. (NASDAQ:SSYS – Free Report) by 5.3% during the 1st quarter, HoldingsChannel reports. The fund owned 1,181,552 shares of the technology company’s stock after selling 66,768 shares during the quarter. Clearline Capital LP’s holdings in Stratasys were worth $11,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of SSYS. Hsbc Holdings PLC boosted its stake in shares of Stratasys by 10.4% during the 4th quarter. Hsbc Holdings PLC now owns 16,664 shares of the technology company’s stock worth $148,000 after acquiring an additional 1,564 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Stratasys by 26.0% during the 4th quarter. Northern Trust Corp now owns 44,466 shares of the technology company’s stock valued at $395,000 after buying an additional 9,168 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Stratasys by 107.1% during the 4th quarter. Jane Street Group LLC now owns 213,796 shares of the technology company’s stock valued at $1,901,000 after buying an additional 110,578 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Stratasys by 46.6% during the 4th quarter. BNP Paribas Financial Markets now owns 190,135 shares of the technology company’s stock valued at $1,690,000 after buying an additional 60,407 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Stratasys during the 4th quarter valued at $247,000. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Stratasys Stock Performance

Shares of NASDAQ SSYS opened at $10.24 on Monday. The company has a market cap of $871.32 million, a P/E ratio of -7.64 and a beta of 1.62. The firm’s fifty day moving average is $10.89 and its two-hundred day moving average is $10.39. Stratasys, Ltd. has a 52-week low of $6.08 and a 52-week high of $12.88.

Stratasys (NASDAQ:SSYS – Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The technology company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $138.09 million for the quarter, compared to the consensus estimate of $137.15 million. Stratasys had a negative net margin of 17.42% and a negative return on equity of 1.06%. Stratasys’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) EPS. Stratasys has set its FY 2025 guidance at EPS. As a group, analysts forecast that Stratasys, Ltd. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SSYS. Wall Street Zen cut shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Needham & Company LLC lowered their target price on shares of Stratasys from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Stratasys presently has a consensus rating of “Buy” and a consensus price target of $14.33.

Read Our Latest Report on Stratasys

Stratasys Profile

(Free Report)

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.

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