DF Dent & Co. Inc. increased its stake in shares of 3D Systems Co. (NYSE:DDD) by 193.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 114,083 shares of the 3D printing company’s stock after purchasing an additional 75,143 shares during the period. DF Dent & Co. Inc. owned approximately 0.10% of 3D Systems worth $986,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of DDD. Sciencast Management LP purchased a new position in shares of 3D Systems during the 4th quarter worth approximately $106,000. Claraphi Advisory Network LLC purchased a new position in shares of 3D Systems during the 4th quarter worth approximately $162,000. New Mexico Educational Retirement Board purchased a new position in shares of 3D Systems during the 4th quarter worth approximately $244,000. Virginia Retirement Systems ET AL purchased a new position in shares of 3D Systems during the 3rd quarter worth approximately $283,000. Finally, ING Groep NV boosted its position in shares of 3D Systems by 26.2% during the 4th quarter. ING Groep NV now owns 32,922 shares of the 3D printing company’s stock worth $284,000 after purchasing an additional 6,842 shares during the period. 64.19% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on DDD. Piper Jaffray Companies raised shares of 3D Systems from an “underweight” rating to a “neutral” rating and set a $6.25 price objective for the company in a research report on Monday, November 20th. Zacks Investment Research cut shares of 3D Systems from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Vetr raised shares of 3D Systems from a “buy” rating to a “strong-buy” rating and set a $12.44 price objective for the company in a research report on Tuesday, January 16th. Stifel Nicolaus raised their price target on shares of 3D Systems from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Thursday, March 15th. Finally, Deutsche Bank raised their price target on shares of 3D Systems from $9.00 to $13.00 and gave the company a “hold” rating in a research report on Friday. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.33.
3D Systems Co. (NYSE DDD) opened at $12.06 on Tuesday. 3D Systems Co. has a 1 year low of $7.92 and a 1 year high of $23.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.12 and a quick ratio of 1.62.
3D Systems (NYSE:DDD) last announced its quarterly earnings data on Wednesday, March 14th. The 3D printing company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. 3D Systems had a negative net margin of 10.24% and a negative return on equity of 8.48%. The business had revenue of $177.30 million for the quarter, compared to analyst estimates of $164.87 million. During the same period last year, the business earned $0.15 EPS. The company’s revenue was up 6.9% on a year-over-year basis. analysts forecast that 3D Systems Co. will post -0.22 EPS for the current fiscal year.
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3D Systems 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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