Top 5 3D Printing Companies in the World

2. Stratasys Ltd. (NASDAQ:SSYS)

Number of Hedge Fund Holders: 21

Stratasys Ltd. (NASDAQ:SSYS) is an Edina, Minnesota-based Israeli-American 3D printing company that provides 3D printers and materials to leading companies in the world through its offices in 13 countries.

To assist in the expansion of operations, Stratasys Ltd. (NASDAQ:SSYS) announced the takeover of polymers supplying entity Covestro in early August. The acquisition will make it possible for Stratasys Ltd. (NASDAQ:SSYS) to provide customers with more comprehensive solutions and quicken the production of next-generation manufacturing parts.

Following Nano Dimension Ltd.’s (NASDAQ:NNDM) 12% stake in the company, Stratasys Ltd. (NASDAQ:SSYS) adopted a limited duration rights plan or a poison fill. The rights plan is a way to prevent Nano Dimension from gaining over a 15% stake in the company.

On August 16, Shannon Cross at Credit Suisse initiated coverage on Stratasys Ltd. (NASDAQ:SSYS) stock with an Outperform rating and a target price of $24. The analyst initiated coverage of various 3D printing companies in the research note but only gave Stratasys Ltd. (NASDAQ:SSYS) an Outperform rating due to its stellar operational performance and focus on polymer-related technologies. The analyst anticipates Stratasys Ltd. (NASDAQ:SSYS) to experience margin expansion along with growth in revenue as the company focuses on manufacturing applications of 3D printing.