Stifel Financial Corp boosted its position in shares of 3D Systems Corporation (NYSE:DDD) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,558 shares of the 3D printing company’s stock after buying an additional 459 shares during the quarter. Stifel Financial Corp’s holdings in 3D Systems Corporation were worth $367,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of DDD. BlackRock Inc. lifted its holdings in 3D Systems Corporation by 23,856.2% during the 1st quarter. BlackRock Inc. now owns 11,328,150 shares of the 3D printing company’s stock worth $169,471,000 after buying an additional 11,280,863 shares in the last quarter. Pictet Asset Management Ltd. acquired a new position in 3D Systems Corporation during the 2nd quarter worth $13,217,000. Quantitative Investment Management LLC acquired a new position in 3D Systems Corporation during the 2nd quarter worth $9,353,000. Vanguard Group Inc. lifted its holdings in 3D Systems Corporation by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 9,057,170 shares of the 3D printing company’s stock worth $169,369,000 after buying an additional 446,186 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in 3D Systems Corporation by 40.8% during the 2nd quarter. Blair William & Co. IL now owns 452,130 shares of the 3D printing company’s stock worth $8,455,000 after buying an additional 130,915 shares in the last quarter. 56.65% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have commented on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $11.00 target price (down previously from $15.00) on shares of 3D Systems Corporation in a research report on Wednesday. Citigroup Inc. dropped their target price on shares of 3D Systems Corporation from $13.00 to $8.50 and set a “sell” rating for the company in a research report on Thursday. ValuEngine cut shares of 3D Systems Corporation from a “hold” rating to a “sell” rating in a research report on Thursday. J P Morgan Chase & Co dropped their target price on shares of 3D Systems Corporation from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Canaccord Genuity reiterated a “neutral” rating on shares of 3D Systems Corporation in a research report on Wednesday. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $13.76.
In related news, insider Vyomesh Joshi purchased 15,400 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was purchased at an average cost of $12.96 per share, with a total value of $199,584.00. Following the completion of the purchase, the insider now owns 165,400 shares in the company, valued at approximately $2,143,584. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 5.00% of the company’s stock.
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3D Systems Corporation (NYSE:DDD) last posted its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.25). 3D Systems Corporation had a negative net margin of 8.01% and a negative return on equity of 5.85%. The company had revenue of $152.90 million during the quarter, compared to the consensus estimate of $162.22 million. During the same period last year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis.
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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