Rubric Capital Discloses 4.25M Share Stake in Stratasys (SSYS)

TL;DR

**Rubric Capital just revealed a 4.25 million share position in Stratasys, signaling a bullish institutional bet.**

AI Summary

Rubric Capital Management LP, a Delaware-based investment firm, reported owning 4,250,000 Ordinary Shares of Stratasys Ltd. (SSYS) as of December 31, 2023. This represents a significant stake, indicating Rubric Capital's belief in Stratasys's future prospects. For investors, this matters because a large institutional holding can signal confidence in the company's valuation and strategic direction, potentially influencing other investors and the stock price.

Why It Matters

This filing reveals a major institutional investor's significant stake in Stratasys, which can be seen as a vote of confidence in the company's future performance and strategic direction.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, which generally reduces perceived risk by showing confidence from a professional money manager.

Analyst Insight

A smart investor would view this significant institutional stake as a positive signal, potentially prompting further research into Stratasys's fundamentals and future growth prospects, especially considering the firm's confidence in holding such a large position.

Key Numbers

• 4,250,000 — Shares Beneficially Owned (Represents the total number of Stratasys Ordinary Shares held by Rubric Capital Management LP with shared voting power.)
• December 31, 2023 — Date of Event (The specific date on which the event requiring this Schedule 13G filing occurred.)
• M85548101 — CUSIP Number (Unique identifier for Stratasys Ltd.'s Ordinary Shares, NIS 0.01 par value.)

Key Players & Entities

• Rubric Capital Management LP (company) — the reporting person and investment firm
• Stratasys Ltd. (company) — the subject company whose shares were acquired
• David Rosen (person) — a group member associated with the filing
• State of Delaware (company) — place of organization for Rubric Capital Management LP

Forward-Looking Statements

• Rubric Capital Management LP will maintain or increase its stake in Stratasys Ltd. over the next year. (Rubric Capital Management LP) — medium confidence, target: 2025-02-12

FAQ

Filing Documents

• tm245464d18_sc13g.htm (SC 13G) — 74KB
• 0001104659-24-013563.txt ( ) — 75KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Stratasys Ltd. (the " Issuer ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Issuer's principal executive offices are located at 7665 Commerce Way, Eden Prairie, MN, 55344.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by: (i) Rubric Capital Management LP (" Rubric Capital "), the investment adviser to certain investment funds and/or accounts (collectively, the " Rubric Funds ") that hold the Ordinary Shares (as defined in Item 2(d) below) reported herein; and (ii) David Rosen (" Mr. Rosen "), Managing Member of Rubric Capital Management GP LLC, the general partner of Rubric Capital. The foregoing persons are hereinafter sometimes collectively referred to as the " Reporting Persons ." The filing of this statement should not be construed as an admission that any of the forgoing persons or any Reporting Person is, for the purposes of Section 13 of the Act, the beneficial owner of the Shares reported herein.

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the principal business office of each of the Reporting Persons is 155 East 44th St, Suite 1630, New York, NY 10017.

(c)

Item 2(c). CITIZENSHIP: Rubric Capital is a Delaware limited partnership. Mr. Rosen is a citizen of the United States of America.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Ordinary shares, NIS 0.01 par value (the " Ordinary Shares ").

(e)

Item 2(e). CUSIP NUMBER: M85548101 CUSIP No. M85548101 13G Page 5 of 8 Pages Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act, (b) ¨ Bank as defined in Section 3(a)(6) of the Act, (c) ¨ Insurance Company as defined in Section 3(a)(19) of the Act, (d) ¨ Investment Company registered under Section 8 of the Investment Company Act of 1940, (e) ý An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ Employee Benefit Plan or Endowment Fund in accordance with Rule 13d-1(b)(1)(ii)(F), (g) ý Parent Holding Company or control person in accordance with Rule 13d-1(b)(1)(ii)(G), (h) ¨ Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) ¨ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: ____________________________________________ Item 4. The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentage set forth in Row (11) of the cover page for each of the Reporting Persons is based on the 69,136,761 Ordinary Shares outstanding as of August 24, 2023, as reported in the Issuer's Report of Foreign Issuer on Form 6-K filed with the Securities and Exchange Commission on September 28, 2023. Item 5. Not applicable. Item 6. Se

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. DATED: February 12, 2024 RUBRIC CAPITAL MANAGEMENT LP By: /s/ Michael Nachmani Name: Michael Nachmani Title: Chief Operating Officer /s/ David Rosen DAVID ROSEN CUSIP No. M85548101 13G Page 8 of 8 Pages EXHIBIT 1 JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. DATED: February 12, 2024 RUBRIC CAPITAL MANAGEMENT LP By: /s/ Michael Nachmani Name: Michael Nachmani Title: Chief Operating Officer /s/ David Rosen DAVID ROSEN

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View this SC 13G filing on SEC EDGAR