3D-printing products maker Stratasys (SSYS) is jumping 15% today after Fortissimo Capital bought a large amount of SSYS stock and the tech company issued a positive preannouncement.

Fortissimo Capital's Stake in SSYS

Fortissimo, an Israeli private equity firm, agreed to raise its stake in SSYS to about 15.5% from roughly 1.5% previously, the 3D printing firm disclosed. Fortissimo handed over about $120 million for the additional stock, reflecting a share price of $10.30.

Fortissimo will not be able to sell its new shares for 18 months, and its managing partner will join Stratasys' board.

“Fortissimo’s investment underscores confidence in our leadership and performance, our ability to deliver solutions that solve customer needs and our long-term growth potential,” said SSYS CEO Yoav Zeif in a statement.

Stratasys' Upbeat Preannouncement

The 3D printing firm announced that it expects its fourth-quarter sales to come in at $150.1 million to $150.5 million, slightly above analysts' average estimate of $150 million.

Additionally, the company predicted that it would generate "meaningful positive cash flow from operating activities" in 2025.

The Price Action of SSYS Stock

In the last month, the shares have climbed 14%, while they are up 51% in the last three months. The name has fallen 18% in the last year.

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Disclosure: None. This article is originally published at Insider Monkey.