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

Clearline Capital LP lowered its position in shares of Stratasys, Ltd. (NASDAQ:SSYS – Free Report) by 20.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 608,684 shares of the technology company’s stock after selling 154,166 shares during the period. Clearline Capital LP owned approximately 0.72% of Stratasys worth $5,283,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of Stratasys by 8.3% during the third quarter. Envestnet Asset Management Inc. now owns 15,680 shares of the technology company’s stock valued at $176,000 after purchasing an additional 1,199 shares during the period. Van ECK Associates Corp raised its stake in shares of Stratasys by 8.9% during the fourth quarter. Van ECK Associates Corp now owns 19,475 shares of the technology company’s stock valued at $169,000 after purchasing an additional 1,590 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Stratasys by 9.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 22,294 shares of the technology company’s stock valued at $194,000 after purchasing an additional 1,912 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in shares of Stratasys during the fourth quarter valued at approximately $25,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Stratasys during the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 75.77% of the company’s stock.

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Stratasys Trading Up 0.9%

Shares of NASDAQ:SSYS opened at $8.82 on Thursday. The company has a fifty day simple moving average of $8.86 and a 200 day simple moving average of $9.29. The firm has a market cap of $760.02 million, a PE ratio of -6.53 and a beta of 1.90. Stratasys, Ltd. has a 12-month low of $7.34 and a 12-month high of $12.81.

Stratasys (NASDAQ:SSYS – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $132.70 million during the quarter, compared to analyst estimates of $131.82 million. Stratasys had a negative net margin of 21.00% and a negative return on equity of 1.73%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 earnings per share. Stratasys has set its FY 2026 guidance at 0.090-0.140 EPS. As a group, equities research analysts forecast that Stratasys, Ltd. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SSYS shares. Craig Hallum dropped their price objective on shares of Stratasys from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Weiss Ratings upgraded shares of Stratasys from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 21st. Finally, Needham & Company LLC dropped their price objective on shares of Stratasys from $12.00 to $11.50 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.33.

Read Our Latest Research Report on SSYS

Stratasys Company Profile

(Free Report)

Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.

The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.

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