Thrivent Financial For Lutherans boosted its stake in shares of 3D Systems Corporation (NYSE:DDD) by 9.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,950 shares of the 3D printing company’s stock after buying an additional 1,680 shares during the period. Thrivent Financial For Lutherans’ holdings in 3D Systems Corporation were worth $298,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Investment Management of Virginia LLC increased 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 valued at $25,400,000 after buying an additional 88,763 shares during the last quarter. OppenheimerFunds Inc. purchased a new stake in shares of 3D Systems Corporation during the first quarter valued at approximately $20,539,000. Bank of New York Mellon Corp increased 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 valued at $19,768,000 after buying an additional 60,511 shares during the last quarter. California Public Employees Retirement System increased 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 valued at $18,751,000 after buying an additional 946,100 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of 3D Systems Corporation by 84.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 485,287 shares of the 3D printing company’s stock valued at $7,260,000 after buying an additional 222,608 shares during the last quarter. 55.07% of the stock is owned by hedge funds and other institutional investors.
Shares of 3D Systems Corporation (DDD) traded down 2.82% during mid-day trading on Monday, reaching $13.09. 1,355,555 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $19.05 and its 200 day moving average price is $17.54. The company’s market cap is $1.38 billion. 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 posted its earnings results on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $159.47 million during the quarter, compared to the consensus estimate of $163.01 million. During the same quarter in the previous year, the company earned $0.12 EPS. The business’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts predict that 3D Systems Corporation will post $0.46 EPS for the current year.
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DDD has been the subject of several recent analyst reports. Susquehanna Bancshares Inc initiated coverage on shares of 3D Systems Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $16.00 target price for the company. FBR & Co reaffirmed a “hold” rating and issued a $18.00 target price on shares of 3D Systems Corporation in a research note on Monday, May 15th. Canaccord Genuity reissued a “hold” rating and set a $15.00 price objective on shares of 3D Systems Corporation in a research report on Friday, May 26th. BidaskClub downgraded shares of 3D Systems Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Zacks Investment Research raised shares of 3D Systems Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.41.
In other news, EVP Andrew Martin Johnson sold 10,000 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were 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 owns 241,666 shares in the company, valued at approximately $5,120,902.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director G Walter Loewenbaum II sold 25,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $22.29, for a total transaction of $557,250.00. Following the completion of the sale, the director now owns 1,007,106 shares of the company’s stock, valued at approximately $22,448,392.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,500 shares of company stock valued at $2,221,425. Company insiders own 5.00% of the company’s stock.
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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