3D Systems Corporation (DDD) Shares Bought by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans grew its holdings in 3D Systems Corporation (NYSE:DDD) by 9.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 21,780 shares of the 3D printing company’s stock after buying an additional 1,830 shares during the quarter. Thrivent Financial For Lutherans’ holdings in 3D Systems Corporation were worth $407,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DDD. BlackRock Inc. lifted its holdings in 3D Systems Corporation by 23,856.2% in 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 during the period. Pictet Asset Management Ltd. purchased a new stake in 3D Systems Corporation in the 2nd quarter worth approximately $13,217,000. Vanguard Group Inc. lifted its holdings in 3D Systems Corporation by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 8,610,984 shares of the 3D printing company’s stock worth $128,820,000 after buying an additional 152,698 shares during the period. Blair William & Co. IL lifted its holdings in 3D Systems Corporation by 40.8% in 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 during the period. Finally, Retirement Systems of Alabama lifted its holdings in 3D Systems Corporation by 23.6% in the 2nd quarter. Retirement Systems of Alabama now owns 579,386 shares of the 3D printing company’s stock worth $10,835,000 after buying an additional 110,596 shares during the period. Institutional investors and hedge funds own 56.67% of the company’s stock.
3D Systems Corporation (DDD) opened at 11.47 on Friday. The firm’s 50-day moving average price is $13.09 and its 200-day moving average price is $16.39. The stock’s market cap is $1.31 billion. 3D Systems Corporation has a 52 week low of $11.38 and a 52 week high of $23.70.
3D Systems Corporation (NYSE:DDD) last posted its 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). The company had revenue of $159.47 million for the quarter, compared to analysts’ expectations of $163.01 million. 3D Systems Corporation had a positive return on equity of 1.69% and a negative net margin of 5.39%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. Equities analysts predict that 3D Systems Corporation will post $0.44 earnings per share for the current fiscal year.
In related news, insider Vyomesh Joshi bought 15,400 shares of the stock in a transaction on Tuesday, August 8th. The stock was bought at an average price 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 in the company, valued at $2,143,584. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.00% of the stock is owned by corporate insiders.
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A number of research analysts have recently commented on DDD shares. Susquehanna Bancshares Inc started coverage on 3D Systems Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $16.00 target price for the company. Zacks Investment Research upgraded 3D Systems Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub cut 3D Systems Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. J P Morgan Chase & Co upgraded 3D Systems Corporation from an “underweight” rating to a “neutral” rating and set a $13.00 target price for the company in a research note on Friday, August 4th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $17.00 target price on shares of 3D Systems Corporation in a research note on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.12.
3D Systems Corporation 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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