State Street Corp raised its stake in 3D Systems Corporation (NYSE:DDD) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,329,492 shares of the 3D printing company’s stock after buying an additional 103,745 shares during the period. State Street Corp owned approximately 2.93% of 3D Systems Corporation worth $49,800,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of 3D Systems Corporation during the fourth quarter valued at $219,000. AQR Capital Management LLC boosted its position in 3D Systems Corporation by 785.3% in the fourth quarter. AQR Capital Management LLC now owns 116,747 shares of the 3D printing company’s stock worth $1,552,000 after buying an additional 103,560 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of 3D Systems Corporation by 10.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 18,270 shares of the 3D printing company’s stock valued at $243,000 after buying an additional 1,760 shares during the last quarter. Norges Bank bought a new stake in shares of 3D Systems Corporation during the fourth quarter valued at about $3,416,000. Finally, Teachers Advisors LLC boosted its stake in shares of 3D Systems Corporation by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 179,935 shares of the 3D printing company’s stock valued at $2,391,000 after buying an additional 3,682 shares during the last quarter. Institutional investors own 55.36% of the company’s stock.
Shares of 3D Systems Corporation (NYSE:DDD) traded down 1.35% during trading on Friday, hitting $12.43. The company’s stock had a trading volume of 1,877,956 shares. 3D Systems Corporation has a 52 week low of $12.28 and a 52 week high of $23.70. The firm’s 50 day moving average price is $16.06 and its 200-day moving average price is $17.19. The company’s market cap is $1.41 billion.
3D Systems Corporation (NYSE:DDD) last released its quarterly earnings data on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.04. The business had revenue of $159.47 million for the quarter, compared to analyst estimates of $163.01 million. 3D Systems Corporation had a positive return on equity of 1.69% and a negative net margin of 5.39%. 3D Systems Corporation’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS. On average, analysts predict that 3D Systems Corporation will post $0.44 earnings per share for the current year.
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Several brokerages have recently issued reports on DDD. Canaccord Genuity reiterated a “hold” rating and issued a $15.00 price objective on shares of 3D Systems Corporation in a research note on Friday, May 26th. Piper Jaffray Companies increased their price objective on 3D Systems Corporation from $11.00 to $14.00 and gave the company an “underweight” rating in a research note on Wednesday, May 24th. FBR & Co reiterated a “hold” rating and issued a $18.00 price objective on shares of 3D Systems Corporation in a research note on Monday, May 15th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $18.00 price target (up from $15.00) on shares of 3D Systems Corporation in a research note on Monday, June 26th. Finally, BidaskClub cut 3D Systems Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $17.00.
In other news, Director G Walter Loewenbaum II sold 25,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $21.50, for a total value of $537,500.00. Following the completion of the transaction, the director now directly owns 982,106 shares in the company, valued at $21,115,279. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Kevin Mcalea sold 17,500 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $20.63, for a total transaction of $361,025.00. Following the completion of the transaction, the chief operating officer now owns 276,074 shares of the company’s stock, valued at $5,695,406.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,500 shares of company stock worth $1,667,675. 5.00% of the stock is owned by company insiders.
About 3D Systems Corporation
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.
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