3D Systems Corporation (DDD) Shares Bought by Advisory Services Network LLC
Advisory Services Network LLC increased its stake in shares of 3D Systems Corporation (NYSE:DDD) by 109.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,586 shares of the 3D printing company’s stock after buying an additional 25,930 shares during the period. Advisory Services Network LLC’s holdings in 3D Systems Corporation were worth $927,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DDD. BlackRock Inc. increased its holdings in 3D Systems Corporation by 23,856.2% during the first 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 during the last quarter. Pictet Asset Management Ltd. purchased a new stake in 3D Systems Corporation during the second quarter worth about $13,217,000. Quantitative Investment Management LLC purchased a new stake in 3D Systems Corporation during the second quarter worth about $9,353,000. Vanguard Group Inc. increased its holdings in 3D Systems Corporation by 5.2% during the second 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 during the last quarter. Finally, Royal Bank of Canada increased its holdings in 3D Systems Corporation by 87.5% during the second quarter. Royal Bank of Canada now owns 403,076 shares of the 3D printing company’s stock worth $7,538,000 after buying an additional 188,112 shares during the last quarter. Institutional investors and hedge funds own 56.67% of the company’s stock.
DDD has been the subject of a number of research analyst reports. 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 report on Monday, June 26th. BidaskClub downgraded shares of 3D Systems Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Piper Jaffray Companies restated an “underweight” rating and set a $14.00 price objective on shares of 3D Systems Corporation in a report on Monday, July 3rd. Zacks Investment Research upgraded shares of 3D Systems Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Susquehanna Bancshares Inc initiated coverage on shares of 3D Systems Corporation in a report on Thursday, July 13th. They set a “neutral” rating and a $16.00 price objective for the company. Three investment 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 stock. 3D Systems Corporation presently has a consensus rating of “Hold” and an average price target of $16.12.
In other 3D Systems Corporation news, insider Vyomesh Joshi purchased 15,400 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was acquired at an average cost of $12.96 per share, for a total transaction of $199,584.00. Following the purchase, the insider now directly owns 165,400 shares of the company’s stock, valued at approximately $2,143,584. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.00% of the company’s stock.
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3D Systems Corporation (NYSE:DDD) traded up 1.03% during trading on Tuesday, hitting $11.74. 902,228 shares of the stock were exchanged. The firm’s market capitalization is $1.34 billion. The company has a 50-day moving average price of $13.23 and a 200 day moving average price of $16.51. 3D Systems Corporation has a 1-year low of $11.45 and a 1-year high of $23.70.
3D Systems Corporation (NYSE:DDD) last posted its quarterly earnings results on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). 3D Systems Corporation had a positive return on equity of 1.69% and a negative net margin of 5.39%. The business had revenue of $159.47 million during the quarter, compared to the consensus estimate of $163.01 million. During the same quarter in the previous year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts predict that 3D Systems Corporation will post $0.44 earnings per share for the current fiscal year.
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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