Vanguard Group Inc. increased its holdings in 3D Systems Corporation (NYSE:DDD) by 5.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,057,170 shares of the 3D printing company’s stock after acquiring an additional 446,186 shares during the quarter. Vanguard Group Inc. owned about 8.61% of 3D Systems Corporation worth $169,369,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Northern Trust Corp lifted its stake in 3D Systems Corporation by 3.8% in the second quarter. Northern Trust Corp now owns 1,782,398 shares of the 3D printing company’s stock worth $33,332,000 after acquiring an additional 65,068 shares during the period. Quantitative Investment Management LLC purchased a new stake in 3D Systems Corporation in the second quarter worth $9,353,000. Mutual of America Capital Management LLC lifted its stake in 3D Systems Corporation by 10.4% in the second quarter. Mutual of America Capital Management LLC now owns 90,544 shares of the 3D printing company’s stock worth $1,693,000 after acquiring an additional 8,525 shares during the period. New York State Common Retirement Fund lifted its stake in 3D Systems Corporation by 6.8% in the second quarter. New York State Common Retirement Fund now owns 118,300 shares of the 3D printing company’s stock worth $2,212,000 after acquiring an additional 7,499 shares during the period. Finally, Thrivent Financial For Lutherans lifted its stake in 3D Systems Corporation by 9.2% in the second quarter. Thrivent Financial For Lutherans now owns 21,780 shares of the 3D printing company’s stock worth $407,000 after acquiring an additional 1,830 shares during the period. 56.65% of the stock is owned by institutional investors.
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DDD has been the subject of a number of research analyst reports. Susquehanna Bancshares Inc initiated coverage on 3D Systems Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $16.00 price target for the company. Zacks Investment Research raised 3D Systems Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. J P Morgan Chase & Co raised 3D Systems Corporation from an “underweight” rating to a “neutral” rating and set a $13.00 price target for the company in a research note on Friday, August 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $17.00 price target on shares of 3D Systems Corporation in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $15.00 price objective on shares of 3D Systems Corporation in a report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.12.
3D Systems Corporation (DDD) opened at 11.54 on Friday. The company’s market capitalization is $1.31 billion. 3D Systems Corporation has a one year low of $11.38 and a one year high of $23.70. The stock’s 50 day moving average price is $12.98 and its 200 day moving average price is $16.33.
3D Systems Corporation (NYSE:DDD) last announced its quarterly earnings data 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 firm had revenue of $159.47 million during the quarter, compared to analyst estimates of $163.01 million. 3D Systems Corporation had a negative net margin of 5.39% and a positive return on equity of 1.69%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. Equities analysts anticipate that 3D Systems Corporation will post $0.44 EPS for the current fiscal year.
In other news, insider Vyomesh Joshi acquired 15,400 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost of $12.96 per share, with a total value of $199,584.00. Following the completion of the acquisition, the insider now owns 165,400 shares of the company’s stock, valued at $2,143,584. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.00% of the stock is currently owned by corporate 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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