Legal & General Group Plc Acquires 17,606 Shares of 3D Systems Co. (DDD)

Legal & General Group Plc raised its holdings in 3D Systems Co. (NYSE:DDD) by 20.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,227 shares of the 3D printing company’s stock after purchasing an additional 17,606 shares during the quarter. Legal & General Group Plc owned about 0.09% of 3D Systems worth $1,392,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of DDD. Pictet Asset Management Ltd. increased its stake in 3D Systems by 294.2% in the third quarter. Pictet Asset Management Ltd. now owns 2,547,720 shares of the 3D printing company’s stock valued at $34,115,000 after purchasing an additional 1,901,406 shares during the period. Quantitative Investment Management LLC acquired a new position in 3D Systems in the second quarter valued at $9,353,000. Vanguard Group Inc. increased its stake in 3D Systems by 5.2% in the second quarter. Vanguard Group Inc. now owns 9,057,170 shares of the 3D printing company’s stock valued at $169,369,000 after purchasing an additional 446,186 shares during the period. Investment Management of Virginia LLC increased its stake in 3D Systems by 20.8% in the third quarter. Investment Management of Virginia LLC now owns 1,906,710 shares of the 3D printing company’s stock valued at $25,531,000 after purchasing an additional 328,929 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new position in 3D Systems in the second quarter valued at $5,143,000. Institutional investors own 60.35% of the company’s stock.

A number of research firms have commented on DDD. JPMorgan Chase & Co. dropped their price objective on shares of 3D Systems from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 1st. Canaccord Genuity restated a “neutral” rating on shares of 3D Systems in a research note on Wednesday, November 1st. Piper Jaffray Companies upgraded shares of 3D Systems from an “underweight” rating to a “neutral” rating and set a $6.25 price objective on the stock in a research note on Monday, November 20th. Loop Capital restated a “hold” rating and issued a $10.00 price objective on shares of 3D Systems in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $15.00 price objective on shares of 3D Systems in a research note on Wednesday, October 4th. Six equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $12.70.

In other news, Director G Walter Loewenbaum II purchased 6,430 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average cost of $8.81 per share, for a total transaction of $56,648.30. Following the completion of the purchase, the director now directly owns 1,013,207 shares in the company, valued at approximately $8,926,353.67. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have bought 47,930 shares of company stock worth $428,048. Company insiders own 5.00% of the company’s stock.

3D Systems Co. (DDD) opened at $8.64 on Monday. 3D Systems Co. has a one year low of $7.92 and a one year high of $23.70. The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01. The stock has a market cap of $998.57, a PE ratio of -18.78 and a beta of 1.45.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). 3D Systems had a negative return on equity of 5.85% and a negative net margin of 8.01%. The firm had revenue of $152.90 million for the quarter, compared to analyst estimates of $162.22 million. During the same quarter last year, the firm earned $0.14 earnings per share. The company’s revenue was down 2.2% compared to the same quarter last year. research analysts predict that 3D Systems Co. will post -0.3 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This news story was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.chaffeybreeze.com/2018/01/01/legal-general-group-plc-acquires-17606-shares-of-3d-systems-co-ddd.html.

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.

Want to see what other hedge funds are holding DDD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 3D Systems Co. (NYSE:DDD).

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

Receive News & Ratings for 3D Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3D Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply