Geode Capital Management LLC Has $12.35 Million Position in 3D Systems Corporation (DDD)

Geode Capital Management LLC increased its position in 3D Systems Corporation (NYSE:DDD) by 9.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 825,753 shares of the 3D printing company’s stock after buying an additional 70,385 shares during the period. Geode Capital Management LLC owned about 0.73% of 3D Systems Corporation worth $12,353,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of 3D Systems Corporation by 1.8% in the first quarter. Vanguard Group Inc. now owns 8,610,984 shares of the 3D printing company’s stock worth $128,820,000 after buying an additional 152,698 shares during the last quarter. Investment Management of Virginia LLC raised its stake in shares of 3D Systems Corporation by 5.5% in the first quarter. Investment Management of Virginia LLC now owns 1,697,859 shares of the 3D printing company’s stock worth $25,400,000 after buying an additional 88,763 shares during the last quarter. OppenheimerFunds Inc. acquired a new stake in shares of 3D Systems Corporation during the first quarter worth $20,539,000. Bank of New York Mellon Corp raised its stake in shares of 3D Systems Corporation by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 1,321,337 shares of the 3D printing company’s stock worth $19,768,000 after buying an additional 60,511 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of 3D Systems Corporation by 307.9% in the first quarter. California Public Employees Retirement System now owns 1,253,400 shares of the 3D printing company’s stock worth $18,751,000 after buying an additional 946,100 shares during the last quarter. Hedge funds and other institutional investors own 55.36% of the company’s stock.

Shares of 3D Systems Corporation (DDD) traded down 1.35% on Friday, reaching $12.43. 1,877,956 shares of the company’s stock traded hands. The firm’s market cap is $1.41 billion. The stock has a 50-day moving average of $16.06 and a 200 day moving average of $17.19. 3D Systems Corporation has a 12-month low of $12.28 and a 12-month high of $23.70.

3D Systems Corporation (NYSE:DDD) last released its earnings results 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. 3D Systems Corporation had a positive return on equity of 1.69% and a negative net margin of 5.39%. The business had revenue of $159.47 million for the quarter, compared to the consensus estimate of $163.01 million. During the same quarter last year, the business posted $0.12 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts expect that 3D Systems Corporation will post $0.44 earnings per share for the current year.

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DDD has been the subject of a number of recent research reports. Susquehanna Bancshares Inc initiated coverage on shares of 3D Systems Corporation in a report on Thursday, July 13th. They issued a “neutral” rating and a $16.00 price objective for the company. FBR & Co restated a “hold” rating and issued a $18.00 price objective on shares of 3D Systems Corporation in a report on Monday, May 15th. Canaccord Genuity restated a “hold” rating and issued a $15.00 price objective on shares of 3D Systems Corporation in a report on Friday, May 26th. BidaskClub lowered shares of 3D Systems Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Zacks Investment Research upgraded shares of 3D Systems Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. 3D Systems Corporation currently has a consensus rating of “Hold” and a consensus target price of $17.00.

In related news, EVP Andrew Martin Johnson sold 10,000 shares of 3D Systems Corporation stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $21.19, for a total value of $211,900.00. Following the completion of the sale, the executive vice president now directly owns 241,666 shares in the company, valued at $5,120,902.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vyomesh Joshi acquired 15,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average price of $12.96 per share, with a total value of $199,584.00. Following the completion of the acquisition, the insider now directly owns 165,400 shares of the company’s stock, valued at $2,143,584. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 77,500 shares of company stock valued at $1,667,675. Corporate insiders own 5.00% of the company’s stock.

3D Systems Corporation Company Profile

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.

Institutional Ownership by Quarter for 3D Systems Corporation (NYSE:DDD)

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