Westpac Banking Corp Increases Stake in 3D Systems Corporation (DDD)

Westpac Banking Corp grew its stake in shares of 3D Systems Corporation (NYSE:DDD) by 129.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,200 shares of the 3D printing company’s stock after purchasing an additional 27,800 shares during the period. Westpac Banking Corp’s holdings in 3D Systems Corporation were worth $659,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in shares of 3D Systems Corporation by 0.3% during the 2nd quarter. Parallel Advisors LLC now owns 14,683 shares of the 3D printing company’s stock valued at $247,000 after purchasing an additional 49 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of 3D Systems Corporation by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,779 shares of the 3D printing company’s stock valued at $295,000 after purchasing an additional 75 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of 3D Systems Corporation by 0.3% during the 1st quarter. Alliancebernstein L.P. now owns 157,382 shares of the 3D printing company’s stock valued at $2,354,000 after purchasing an additional 430 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of 3D Systems Corporation by 0.3% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 172,849 shares of the 3D printing company’s stock valued at $2,586,000 after purchasing an additional 433 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of 3D Systems Corporation by 2.4% during the 2nd quarter. Stifel Financial Corp now owns 19,558 shares of the 3D printing company’s stock valued at $367,000 after purchasing an additional 459 shares in the last quarter. 58.43% of the stock is currently owned by hedge funds and other institutional investors.

3D Systems Corporation (NYSE DDD) opened at $8.66 on Friday. The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01. 3D Systems Corporation has a twelve month low of $8.09 and a twelve month high of $23.70.

3D Systems Corporation (NYSE:DDD) last released its quarterly earnings data on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.25). 3D Systems Corporation had a negative net margin of 8.01% and a negative return on equity of 5.85%. The company had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $162.22 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. research analysts forecast that 3D Systems Corporation will post -0.3 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on DDD. KeyCorp reissued a “hold” rating on shares of 3D Systems Corporation in a research note on Friday, October 6th. Loop Capital reissued a “hold” rating and set a $15.00 price objective on shares of 3D Systems Corporation in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of 3D Systems Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. ValuEngine raised shares of 3D Systems Corporation from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, B. Riley lowered shares of 3D Systems Corporation from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $18.00 to $7.00 in a research note on Wednesday, November 1st. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a strong buy rating to the stock. 3D Systems Corporation presently has a consensus rating of “Hold” and a consensus target price of $13.24.

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

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