3D Systems Corporation (DDD) Shares Sold by Federated Investors Inc. PA

Federated Investors Inc. PA lowered its stake in 3D Systems Corporation (NYSE:DDD) by 5.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 49,325 shares of the 3D printing company’s stock after selling 3,090 shares during the period. Federated Investors Inc. PA’s holdings in 3D Systems Corporation were worth $923,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its position in shares of 3D Systems Corporation by 0.6% in the 1st quarter. Stifel Financial Corp now owns 19,099 shares of the 3D printing company’s stock worth $279,000 after purchasing an additional 105 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of 3D Systems Corporation by 0.7% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 18,527 shares of the 3D printing company’s stock worth $277,000 after purchasing an additional 131 shares during the last quarter. Private Advisor Group LLC increased its position in shares of 3D Systems Corporation by 1.9% in the 1st quarter. Private Advisor Group LLC now owns 17,786 shares of the 3D printing company’s stock worth $255,000 after purchasing an additional 324 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of 3D Systems Corporation by 0.3% in the 1st quarter. Alliancebernstein L.P. now owns 157,382 shares of the 3D printing company’s stock worth $2,354,000 after purchasing an additional 430 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of 3D Systems Corporation by 0.3% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 172,849 shares of the 3D printing company’s stock worth $2,586,000 after purchasing an additional 433 shares during the last quarter. 56.73% of the stock is owned by institutional investors.

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In other news, insider Vyomesh Joshi bought 15,400 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was acquired at an average price of $12.96 per share, for a total transaction of $199,584.00. Following the transaction, the insider now directly owns 165,400 shares of the company’s stock, valued at approximately $2,143,584. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.00% of the company’s stock.

3D Systems Corporation (NYSE DDD) opened at 13.71 on Friday. 3D Systems Corporation has a 52-week low of $12.02 and a 52-week high of $23.70. The company’s market cap is $1.56 billion. The firm has a 50-day moving average of $13.34 and a 200 day moving average of $16.65.

3D Systems Corporation (NYSE:DDD) last announced its earnings results on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The firm had revenue of $159.47 million for the quarter, compared to analyst estimates 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 company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 EPS. Equities research analysts expect that 3D Systems Corporation will post $0.44 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $15.00 price objective on shares of 3D Systems Corporation in a research report on Friday, May 26th. Piper Jaffray Companies boosted their price objective on shares of 3D Systems Corporation from $11.00 to $14.00 and gave the company an “underweight” rating in a research report on Wednesday, May 24th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $18.00 price objective (up previously from $15.00) on shares of 3D Systems Corporation in a research report on Monday, June 26th. BidaskClub downgraded shares of 3D Systems Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Zacks Investment Research raised shares of 3D Systems Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.33.

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.

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

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