Wells Fargo & Company MN Trims Position in 3D Systems Co. (DDD)

Wells Fargo & Company MN decreased its holdings in 3D Systems Co. (NYSE:DDD) by 81.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,914 shares of the 3D printing company’s stock after selling 755,261 shares during the quarter. Wells Fargo & Company MN’s holdings in 3D Systems were worth $2,249,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DDD. Pictet Asset Management Ltd. increased its stake in 3D Systems by 294.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,547,720 shares of the 3D printing company’s stock valued at $34,115,000 after buying an additional 1,901,406 shares during the period. Quantitative Investment Management LLC acquired a new position in 3D Systems in the 2nd quarter valued at $9,353,000. Vanguard Group Inc. increased its stake in 3D Systems by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 9,057,170 shares of the 3D printing company’s stock valued at $169,369,000 after buying an additional 446,186 shares during the period. Investment Management of Virginia LLC increased its stake in 3D Systems by 20.8% in the 3rd quarter. Investment Management of Virginia LLC now owns 1,906,710 shares of the 3D printing company’s stock valued at $25,531,000 after buying an additional 328,929 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new position in 3D Systems in the 2nd quarter valued at $5,143,000. Hedge funds and other institutional investors own 60.34% of the company’s stock.

3D Systems Co. (NYSE:DDD) opened at $11.19 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 2.63. 3D Systems Co. has a 12 month low of $7.92 and a 12 month high of $23.70. The firm has a market cap of $1,274.12, a price-to-earnings ratio of -24.33 and a beta of 1.47.

3D Systems (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 Zacks’ consensus estimate of $0.05 by ($0.25). 3D Systems had a negative return on equity of 5.85% and a negative net margin of 8.01%. The company had revenue of $152.90 million for the quarter, compared to analyst estimates of $162.22 million. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. research analysts predict that 3D Systems Co. will post -0.3 earnings per share for the current year.

In related news, Director G Walter Loewenbaum II purchased 40,500 shares of the stock in a transaction dated Monday, December 4th. The shares were acquired at an average cost of $8.94 per share, with a total value of $362,070.00. Following the purchase, the director now directly owns 1,053,707 shares in the company, valued at approximately $9,420,140.58. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have bought 47,930 shares of company stock worth $428,048. Corporate insiders own 5.00% of the company’s stock.

Several brokerages have issued reports on DDD. Zacks Investment Research raised shares of 3D Systems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Stifel Nicolaus reissued a “hold” rating and issued a $15.00 price objective on shares of 3D Systems in a research note on Wednesday, October 4th. Jefferies Group reissued a “hold” rating and issued a $17.00 price objective on shares of 3D Systems in a research note on Tuesday, October 3rd. KeyCorp reissued a “hold” rating on shares of 3D Systems in a research note on Friday, October 6th. Finally, ValuEngine cut shares of 3D Systems from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $12.58.

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About 3D Systems

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

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