3D Systems Corporation (NYSE:DDD) Shares Bought by Prudential Financial Inc.
Prudential Financial Inc. boosted its stake in 3D Systems Corporation (NYSE:DDD) by 7.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,322 shares of the 3D printing company’s stock after buying an additional 5,020 shares during the period. Prudential Financial Inc. owned about 0.06% of 3D Systems Corporation worth $1,067,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Retirement Systems of Alabama increased its position in shares of 3D Systems Corporation by 240.1% in the first quarter. Retirement Systems of Alabama now owns 468,790 shares of the 3D printing company’s stock worth $7,013,000 after buying an additional 330,950 shares in the last quarter. Louisiana State Employees Retirement System increased its position in 3D Systems Corporation by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 27,100 shares of the 3D printing company’s stock worth $405,000 after buying an additional 700 shares during the period. Creative Planning increased its position in 3D Systems Corporation by 36.2% in the first quarter. Creative Planning now owns 43,928 shares of the 3D printing company’s stock worth $657,000 after buying an additional 11,670 shares during the period. Private Asset Management Inc. increased its position in 3D Systems Corporation by 2.8% in the first quarter. Private Asset Management Inc. now owns 14,800 shares of the 3D printing company’s stock worth $221,000 after buying an additional 400 shares during the period. Finally, Teachers Advisors LLC increased its position in 3D Systems Corporation by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 179,935 shares of the 3D printing company’s stock worth $2,391,000 after buying an additional 3,682 shares during the period. Hedge funds and other institutional investors own 54.56% of the company’s stock.
Shares of 3D Systems Corporation (NYSE:DDD) traded down 21.28% on Thursday, hitting $13.39. 13,305,181 shares of the company were exchanged. The stock’s market capitalization is $1.52 billion. The firm’s 50-day moving average is $19.05 and its 200-day moving average is $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 quarterly 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. 3D Systems Corporation had a positive return on equity of 3.83% and a negative net margin of 4.81%. The company had revenue of $159.47 million during the quarter, compared to analyst estimates of $163.01 million. During the same period in the prior year, the company posted $0.12 earnings per share. The company’s revenue was up .9% on a year-over-year basis. Equities research analysts predict that 3D Systems Corporation will post $0.52 earnings per share for the current year.
A number of research analysts have weighed in on DDD shares. Zacks Investment Research downgraded 3D Systems Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Jefferies Group LLC upped their target price on 3D Systems Corporation from $15.00 to $17.50 and gave the stock a “hold” rating in a report on Thursday, May 4th. FBR & Co reissued a “hold” rating and issued a $18.00 price target on shares of 3D Systems Corporation in a research report on Friday, May 5th. Piper Jaffray Companies boosted their price target on 3D Systems Corporation from $11.00 to $14.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 24th. Finally, Canaccord Genuity restated a “hold” rating and issued a $15.00 price objective on shares of 3D Systems Corporation in a research note on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.82.
In other 3D Systems Corporation news, Director G Walter Loewenbaum II sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $22.29, for a total value of $557,250.00. Following the transaction, the director now owns 1,007,106 shares in the company, valued at approximately $22,448,392.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Kevin Mcalea sold 17,500 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $20.63, for a total transaction of $361,025.00. Following the completion of the transaction, the chief operating officer now owns 276,074 shares in the company, 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 worth $2,221,425 in the last 90 days. 5.00% of the stock is owned by company 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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