Phoenix Holdings Amends Stratasys Stake Disclosure
Ticker: SSYS · Form: SC 13G/A · Filed: Jan 2, 2024 · CIK: 1517396
Complexity: simple
Sentiment: neutral
Topics: beneficial-ownership, institutional-holding, amendment
TL;DR
**Phoenix Holdings updated its Stratasys stake, watch for market reaction.**
AI Summary
Phoenix Holdings Ltd. filed an amended SC 13G/A on January 2, 2024, indicating a change in their beneficial ownership of Stratasys Ltd. ordinary shares as of December 18, 2023. This filing, an amendment to a previous disclosure, signals that Phoenix Holdings Ltd. continues to hold a significant, though potentially altered, stake in Stratasys. For investors, this matters because large institutional holdings can influence stock stability and future strategic decisions, and any significant change could signal a shift in a major investor's confidence in Stratasys's future performance.
Why It Matters
This filing shows that a major institutional investor, Phoenix Holdings Ltd., is updating its ownership position in Stratasys, which can impact market perception and potentially influence the stock's trading behavior.
Risk Assessment
Risk Level: low — This is a routine amendment to a beneficial ownership filing, not indicating any immediate high-risk event.
Analyst Insight
An investor should note that Phoenix Holdings Ltd. is actively managing its position in Stratasys. While this specific filing doesn't detail the change in share count, it signals ongoing institutional interest. Smart investors would monitor subsequent filings for the exact change in beneficial ownership and consider it in the context of Stratasys's recent performance and news.
Key Players & Entities
- Phoenix Holdings Ltd. (company) — the reporting person filing the SC 13G/A
- Stratasys Ltd. (company) — the subject company whose shares are being reported
- December 18, 2023 (date) — the date of the event requiring the filing
- January 2, 2024 (date) — the filing date of the SC 13G/A
- M85548101 (other) — CUSIP Number for Stratasys Ltd. Ordinary Shares
- Israel (other) — place of organization for Phoenix Holdings Ltd.
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 1*)' sections.
Who is the reporting person in this filing?
The reporting person is The Phoenix Holdings Ltd., as identified under 'NAME OF REPORTING PERSONS' on page 2 of 8.
What is the name of the issuer whose securities are being reported?
The issuer is Stratasys Ltd., as stated under 'Name of Issuer' on the cover page and in the 'SUBJECT COMPANY' data.
What is the date of the event that required this filing?
The date of the event which required the filing of this statement is December 18, 2023, as specified on the cover page.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Ordinary Shares, par value NIS 0.01 per share, of Stratasys Ltd. is M85548101, as indicated on the cover page and page 2 of 8.
Filing Stats: 1,291 words · 5 min read · ~4 pages · Grade level 12 · Accepted 2024-01-02 07:48:53
Filing Documents
- zk2430713.htm (SC 13G/A) — 69KB
- 0001178913-24-000008.txt ( ) — 71KB
(a)
Item 1. (a) Name of Issuer : Stratasys Ltd. (b) Address of Issuer's Principal Executive Offices : 1 Holtzman Street, Science Park, P.O. Box 2496, Rehovot 7670401, Israel and 7665 Commerce Way, Eden Prairie, Minnesota 55344.
(a)
Item 2. (a) Name of Person Filing : The Phoenix Holdings Ltd. The securities reported herein are beneficially owned by various direct or indirect, majority or wholly-owned subsidiaries of the Phoenix Holdings Ltd. (the "Subsidiaries"). The Subsidiaries manage their own funds and/or the funds of others, including for holders of exchange-traded notes or various insurance policies, members of pension or provident funds, unit holders of mutual funds, and portfolio management clients. Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions. (b) Address of Principal Business Office : The address of the Phoenix Holdings Ltd. is Derech Hashalom 53, Givataim, 53454, Israel. (c) Citizenship : The Phoenix Holdings Ltd. - Israel (d) Title of Class of Securities : Ordinary Shares, par value NIS 0.01 per share (e) CUSIP Number : M85548101 Item 3 . Not applicable. Item 4 . (a) Amount beneficially owned : See row 9 of cover page of each reporting person. Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions. Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission by either the Filing Persons or Subsidiaries that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and each reporting person disclaims the existence of any such group. In addition, each of the Filing Persons and Subsidiaries disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest therein. This Statement shall not be construed as an admission by the Filing Persons or Subsidiaries that they are the beneficial owners of any of the Ordinary Shares covered by this Statement, and each of Filing Persons and Subsidiaries disclaims beneficial ownership of any such Ordinary Sh