Fmr LLC decreased its position in 3D Systems Corporation (NYSE:DDD) by 0.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 86,300 shares of the 3D printing company’s stock after selling 50 shares during the period. Fmr LLC’s holdings in 3D Systems Corporation were worth $1,291,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of DDD. Advisory Services Network LLC bought a new stake in 3D Systems Corporation during the first quarter worth about $354,000. Tocqueville Asset Management L.P. boosted its stake in 3D Systems Corporation by 89.0% in the first quarter. Tocqueville Asset Management L.P. now owns 443,024 shares of the 3D printing company’s stock worth $6,628,000 after buying an additional 208,590 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in 3D Systems Corporation by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 37,378 shares of the 3D printing company’s stock worth $559,000 after buying an additional 500 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in 3D Systems Corporation by 220.1% in the first quarter. Russell Investments Group Ltd. now owns 52,409 shares of the 3D printing company’s stock worth $784,000 after buying an additional 36,037 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in 3D Systems Corporation by 3.1% in the first quarter. Janney Montgomery Scott LLC now owns 113,982 shares of the 3D printing company’s stock worth $1,705,000 after buying an additional 3,442 shares in the last quarter. Institutional investors own 54.56% of the company’s stock.
Shares of 3D Systems Corporation (NYSE DDD) opened at 13.47 on Friday. The firm’s market cap is $1.42 billion. The firm has a 50-day moving average of $19.05 and a 200 day moving average of $17.54. 3D Systems Corporation has a 52 week low of $12.34 and a 52 week high of $23.70.
3D Systems Corporation (NYSE:DDD) last issued its earnings results on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $159.47 million for the quarter, compared to the consensus estimate 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 for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 EPS. Equities research analysts predict that 3D Systems Corporation will post $0.46 EPS for the current fiscal year.
A number of analysts have recently issued reports on the stock. Canaccord Genuity restated a “hold” rating and set a $15.00 target price on shares of 3D Systems Corporation in a research note on Friday, May 26th. Piper Jaffray Companies raised their target price on shares of 3D Systems Corporation from $11.00 to $14.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 24th. FBR & Co restated a “hold” rating and set a $18.00 target price on shares of 3D Systems Corporation in a research note on Monday, May 15th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $18.00 target price (up previously from $15.00) on shares of 3D Systems Corporation in a research note on Monday, June 26th. Finally, BidaskClub cut shares of 3D Systems Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.41.
In other 3D Systems Corporation news, EVP Andrew Martin Johnson sold 10,000 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $21.19, for a total transaction of $211,900.00. Following the completion of the transaction, the executive vice president now owns 241,666 shares in the company, valued at $5,120,902.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kevin Mcalea sold 17,500 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $20.63, for a total transaction of $361,025.00. Following the transaction, the chief operating officer now owns 276,074 shares of the company’s stock, valued at approximately $5,695,406.62. The disclosure for this sale can be found here. Insiders have sold 102,500 shares of company stock valued at $2,221,425 in the last quarter. Company 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.
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