BlackRock Inc. lowered its position in 3D Systems Corporation (NYSE:DDD) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,292,796 shares of the 3D printing company’s stock after selling 35,354 shares during the quarter. BlackRock Inc. owned 10.73% of 3D Systems Corporation worth $211,175,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Teachers Advisors LLC lifted its stake in shares of 3D Systems Corporation by 6.5% during the second quarter. Teachers Advisors LLC now owns 196,463 shares of the 3D printing company’s stock worth $3,674,000 after purchasing an additional 12,014 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in shares of 3D Systems Corporation by 77.3% during the second quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock worth $186,000 after purchasing an additional 4,326 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of 3D Systems Corporation by 10.5% during the second quarter. Alliancebernstein L.P. now owns 173,852 shares of the 3D printing company’s stock worth $3,251,000 after purchasing an additional 16,470 shares in the last quarter. Chilton Investment Co. LLC lifted its stake in shares of 3D Systems Corporation by 12.3% during the second quarter. Chilton Investment Co. LLC now owns 382,727 shares of the 3D printing company’s stock worth $7,157,000 after purchasing an additional 42,047 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of 3D Systems Corporation by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,779 shares of the 3D printing company’s stock worth $295,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 56.72% of the company’s stock.

In other news, insider Vyomesh Joshi purchased 15,400 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was bought at an average cost of $12.96 per share, for a total transaction of $199,584.00. Following the completion of the acquisition, the insider now directly owns 165,400 shares of the company’s stock, valued at $2,143,584. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.00% of the stock is owned by corporate insiders.

Shares of 3D Systems Corporation (NYSE:DDD) opened at 13.47 on Monday. The stock’s 50 day moving average price is $13.17 and its 200-day moving average price is $16.53. 3D Systems Corporation has a 12 month low of $12.02 and a 12 month high of $23.70. The stock’s market capitalization is $1.53 billion.

3D Systems Corporation (NYSE:DDD) last released its quarterly earnings results on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). 3D Systems Corporation had a negative net margin of 5.39% and a positive return on equity of 1.69%. The firm had revenue of $159.47 million for the quarter, compared to the consensus estimate of $163.01 million. During the same quarter last year, the company earned $0.12 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Equities analysts forecast that 3D Systems Corporation will post $0.44 earnings per share for the current fiscal year.

DDD has been the topic of a number of recent research reports. BidaskClub cut 3D Systems Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Zacks Investment Research upgraded 3D Systems Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $18.00 price objective (up previously from $15.00) on shares of 3D Systems Corporation in a research note on Monday, June 26th. Susquehanna Bancshares Inc initiated coverage on 3D Systems Corporation in a research note on Thursday, July 13th. They set a “neutral” rating and a $16.00 price objective on the stock. Finally, Loop Capital initiated coverage on 3D Systems Corporation in a research note on Monday, July 24th. They set a “hold” rating and a $18.00 price objective on the stock. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $16.12.

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

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