Credit Agricole S A bought a new position in 3D Systems Co. (NYSE:DDD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,417 shares of the 3D printing company’s stock, valued at approximately $125,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in 3D Systems by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 97,895 shares of the 3D printing company’s stock valued at $1,758,000 after buying an additional 3,883 shares during the last quarter. Rhumbline Advisers increased its stake in 3D Systems by 3.2% in the third quarter. Rhumbline Advisers now owns 197,269 shares of the 3D printing company’s stock valued at $3,541,000 after buying an additional 6,095 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in 3D Systems during the third quarter valued at $2,155,000. BlackRock Investment Management LLC increased its stake in 3D Systems by 0.4% in the third quarter. BlackRock Investment Management LLC now owns 664,027 shares of the 3D printing company’s stock valued at $11,919,000 after buying an additional 2,954 shares during the period. Finally, BlackRock Fund Advisors increased its stake in 3D Systems by 5.7% in the third quarter. BlackRock Fund Advisors now owns 6,028,844 shares of the 3D printing company’s stock valued at $108,218,000 after buying an additional 323,297 shares during the period. 50.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of 3D Systems Co. (NYSE:DDD) traded down 1.10% during midday trading on Friday, hitting $15.23. 851,414 shares of the stock were exchanged. The company’s market cap is $1.72 billion. 3D Systems Co. has a 12-month low of $11.59 and a 12-month high of $18.99. The firm has a 50-day moving average price of $14.59 and a 200-day moving average price of $15.13. 3D Systems also saw some unusual options trading activity on Tuesday. Stock traders purchased 749 call options on the company. This represents an increase of 524% compared to the typical daily volume of 120 call options.
3D Systems (NYSE:DDD) last released its earnings results on Tuesday, February 28th. The 3D printing company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. 3D Systems had a negative net margin of 98.40% and a positive return on equity of 4.14%. The company had revenue of $165.90 million for the quarter, compared to the consensus estimate of $176.76 million. During the same period in the prior year, the company posted $0.19 EPS. The company’s revenue was down 9.5% compared to the same quarter last year. On average, equities analysts predict that 3D Systems Co. will post $0.53 EPS for the current year.
Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of 3D Systems from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Friday, March 3rd. Jefferies Group LLC boosted their price target on shares of 3D Systems from $14.50 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, March 1st. FBR & Co restated a “market perform” rating and issued a $18.00 price target on shares of 3D Systems in a research note on Wednesday, March 1st. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research note on Tuesday, February 28th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $16.27.
In other 3D Systems news, EVP Andrew Martin Johnson sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $14.70, for a total transaction of $58,800.00. Following the transaction, the executive vice president now directly owns 251,666 shares in the company, valued at approximately $3,699,490.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.40% of the company’s stock.
About 3D Systems
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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