ARK Investment Management LLC Acquires 56,304 Shares of Stratasys Ltd. (NASDAQ:SSYS)

ARK Investment Management LLC raised its holdings in shares of Stratasys Ltd. (NASDAQ:SSYS) by 8.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 703,525 shares of the technology company’s stock after buying an additional 56,304 shares during the quarter. ARK Investment Management LLC’s holdings in Stratasys were worth $6,254,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Quantbot Technologies LP bought a new stake in shares of Stratasys in the 3rd quarter worth about $90,000. Stifel Financial Corp lifted its holdings in shares of Stratasys by 24.7% in the 3rd quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock worth $193,000 after acquiring an additional 4,600 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Stratasys in the 3rd quarter worth about $210,000. Verition Fund Management LLC bought a new stake in shares of Stratasys in the 3rd quarter worth about $322,000. Finally, Tidal Investments LLC lifted its holdings in shares of Stratasys by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock worth $467,000 after acquiring an additional 2,483 shares during the last quarter. Institutional investors own 75.77% of the company’s stock.

Analyst Ratings Changes

SSYS has been the subject of several analyst reports. StockNews.com lowered shares of Stratasys from a “buy” rating to a “hold” rating in a report on Wednesday. Cantor Fitzgerald restated an “overweight” rating and issued a $12.00 target price on shares of Stratasys in a report on Monday, February 3rd. Craig Hallum raised their target price on shares of Stratasys from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $12.00 price objective on shares of Stratasys in a report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.40.

Stratasys Price Performance

Shares of SSYS opened at $10.70 on Wednesday. Stratasys Ltd. has a 1-year low of $6.05 and a 1-year high of $13.12. The company has a 50-day moving average of $10.10 and a 200 day moving average of $8.77. The firm has a market capitalization of $763.74 million, a price-to-earnings ratio of -8.11 and a beta of 1.31.

About Stratasys

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.