3D Systems Corporation (NYSE:DDD) Shares Bought by Westpac Banking Corp

Westpac Banking Corp raised its holdings in 3D Systems Corporation (NYSE:DDD) by 129.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,200 shares of the 3D printing company’s stock after acquiring an additional 27,800 shares during the quarter. Westpac Banking Corp’s holdings in 3D Systems Corporation were worth $659,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DDD. UBS Asset Management Americas Inc. boosted its position in shares of 3D Systems Corporation by 69.6% during the first quarter. UBS Asset Management Americas Inc. now owns 67,119 shares of the 3D printing company’s stock worth $1,004,000 after purchasing an additional 27,551 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of 3D Systems Corporation by 2.0% during the first quarter. JPMorgan Chase & Co. now owns 80,472 shares of the 3D printing company’s stock worth $1,204,000 after purchasing an additional 1,575 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of 3D Systems Corporation by 0.3% during the first 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 in the last quarter. Principal Financial Group Inc. boosted its position in shares of 3D Systems Corporation by 3.4% during the first quarter. Principal Financial Group Inc. now owns 436,715 shares of the 3D printing company’s stock worth $6,533,000 after purchasing an additional 14,476 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of 3D Systems Corporation by 2.5% during the first quarter. Teachers Advisors LLC now owns 184,449 shares of the 3D printing company’s stock worth $2,759,000 after purchasing an additional 4,514 shares in the last quarter. 58.72% of the stock is currently owned by hedge funds and other institutional investors.

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DDD has been the topic of several recent research reports. Loop Capital initiated coverage on shares of 3D Systems Corporation in a research note on Monday, July 24th. They issued a “hold” rating and a $18.00 price target on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $11.00 price target (down from $15.00) on shares of 3D Systems Corporation in a research note on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of 3D Systems Corporation in a research note on Friday, October 6th. Zacks Investment Research upgraded shares of 3D Systems Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $17.00 price target on shares of 3D Systems Corporation in a research note on Tuesday, October 3rd. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a strong buy rating to the company. 3D Systems Corporation presently has an average rating of “Hold” and a consensus target price of $13.24.

Shares of 3D Systems Corporation (DDD) opened at $8.34 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 2.63. 3D Systems Corporation has a twelve month low of $7.92 and a twelve month high of $23.70.

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

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.

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

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