DF Dent & Co. Inc. increased its stake in shares of 3D Systems Co. (NYSE:DDD) by 193.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,083 shares of the 3D printing company’s stock after acquiring an additional 75,143 shares during the quarter. DF Dent & Co. Inc.’s holdings in 3D Systems were worth $986,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Two Sigma Advisers LP raised its stake in 3D Systems by 17.3% during the 4th quarter. Two Sigma Advisers LP now owns 39,300 shares of the 3D printing company’s stock worth $340,000 after acquiring an additional 5,800 shares in the last quarter. LPL Financial LLC increased its stake in 3D Systems by 18.8% in the fourth quarter. LPL Financial LLC now owns 42,936 shares of the 3D printing company’s stock valued at $371,000 after purchasing an additional 6,789 shares during the period. ING Groep NV increased its stake in 3D Systems by 26.2% in the fourth quarter. ING Groep NV now owns 32,922 shares of the 3D printing company’s stock valued at $284,000 after purchasing an additional 6,842 shares during the period. IFP Advisors Inc increased its stake in 3D Systems by 30.6% in the fourth quarter. IFP Advisors Inc now owns 33,978 shares of the 3D printing company’s stock valued at $294,000 after purchasing an additional 7,970 shares during the period. Finally, Sciencast Management LP acquired a new position in 3D Systems in the fourth quarter valued at $106,000. Hedge funds and other institutional investors own 64.19% of the company’s stock.
A number of research analysts have commented on DDD shares. Vetr lowered shares of 3D Systems from a “strong-buy” rating to a “buy” rating and set a $11.00 price objective on the stock. in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of 3D Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Stifel Nicolaus lifted their price objective on shares of 3D Systems from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Thursday, March 15th. Susquehanna Bancshares set a $12.00 price objective on shares of 3D Systems and gave the company a “hold” rating in a research note on Friday. Finally, Deutsche Bank lifted their price objective on shares of 3D Systems from $9.00 to $13.00 and gave the company a “hold” rating in a research note on Friday. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $12.33.
3D Systems (NYSE:DDD) last issued its earnings results on Wednesday, March 14th. The 3D printing company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The business had revenue of $177.30 million for the quarter, compared to the consensus estimate of $164.87 million. 3D Systems had a negative net margin of 10.24% and a negative return on equity of 8.48%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. analysts forecast that 3D Systems Co. will post -0.22 EPS for the current year.
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3D Systems 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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