Jennison Associates LLC Purchases Shares of 49,326 3D Systems Co. (NYSE:DDD)

Jennison Associates LLC bought a new position in shares of 3D Systems Co. (NYSE:DDD) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 49,326 shares of the 3D printing company’s stock, valued at approximately $1,360,000.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of 3D Systems by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 13,511,268 shares of the 3D printing company’s stock worth $540,045,000 after purchasing an additional 600,127 shares during the period. Geode Capital Management LLC grew its holdings in shares of 3D Systems by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,060,072 shares of the 3D printing company’s stock worth $82,341,000 after purchasing an additional 52,688 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of 3D Systems by 728.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,989,142 shares of the 3D printing company’s stock worth $54,841,000 after purchasing an additional 1,748,916 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of 3D Systems by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,633,834 shares of the 3D printing company’s stock worth $65,296,000 after purchasing an additional 98,261 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of 3D Systems by 2.1% during the 2nd quarter. Principal Financial Group Inc. now owns 883,929 shares of the 3D printing company’s stock worth $35,331,000 after purchasing an additional 18,461 shares during the period. Institutional investors and hedge funds own 65.00% of the company’s stock.

Shares of DDD opened at $19.88 on Friday. The business’s 50 day moving average is $22.68 and its two-hundred day moving average is $27.12. 3D Systems Co. has a 52-week low of $17.47 and a 52-week high of $56.50. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 25.80 and a beta of 1.14.

3D Systems (NYSE:DDD) last announced its earnings results on Monday, November 8th. The 3D printing company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. The company had revenue of $156.09 million for the quarter, compared to analyst estimates of $144.51 million. 3D Systems had a return on equity of 0.72% and a net margin of 48.39%. 3D Systems’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.09) EPS. On average, analysts anticipate that 3D Systems Co. will post 0.17 earnings per share for the current year.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut 3D Systems from a “hold” rating to a “strong sell” rating and set a $19.00 target price for the company. in a report on Tuesday, January 4th. B. Riley decreased their price target on 3D Systems from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, November 10th. Finally, Lake Street Capital began coverage on 3D Systems in a report on Monday, November 8th. They issued a “buy” rating and a $36.00 price target for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $26.86.

In related news, CFO Jagtar Narula sold 5,863 shares of the stock in a transaction dated Tuesday, December 21st. The stock was sold at an average price of $21.50, for a total value of $126,054.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew Martin Johnson sold 4,000 shares of the stock in a transaction dated Tuesday, October 26th. The stock was sold at an average price of $28.71, for a total value of $114,840.00. The disclosure for this sale can be found here. Insiders sold 23,726 shares of company stock worth $561,472 over the last ninety days. 3.40% of the stock is owned by corporate insiders.

About 3D Systems

3D Systems Corp. is a holding company, which engages in the provision of comprehensive three-dimensional printing solutions. It offers a comprehensive range of 3D printers, materials, software, haptic design tools, 3D scanners, and virtual surgical simulators. The company was founded by Charles W. Hull in 1986 and is headquartered in Rock Hill, SC.

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

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