3D Systems (DDD) Holdings Boosted by Two Sigma Investments LP

Two Sigma Investments LP grew its holdings in shares of 3D Systems (NYSE:DDD) by 789.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,095 shares of the 3D printing company’s stock after purchasing an additional 50,495 shares during the quarter. Two Sigma Investments LP’s holdings in 3D Systems were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DDD. New York State Common Retirement Fund increased its position in shares of 3D Systems by 12.6% during the 3rd quarter. New York State Common Retirement Fund now owns 133,206 shares of the 3D printing company’s stock valued at $1,784,000 after purchasing an additional 14,906 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of 3D Systems by 6.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 342,164 shares of the 3D printing company’s stock valued at $4,582,000 after purchasing an additional 21,186 shares during the last quarter. Legal & General Group Plc increased its position in shares of 3D Systems by 20.3% during the 3rd quarter. Legal & General Group Plc now owns 104,227 shares of the 3D printing company’s stock valued at $1,392,000 after purchasing an additional 17,606 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of 3D Systems by 9.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 517,941 shares of the 3D printing company’s stock valued at $6,936,000 after purchasing an additional 44,686 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of 3D Systems by 62.8% during the 3rd quarter. California Public Employees Retirement System now owns 2,086,200 shares of the 3D printing company’s stock valued at $27,934,000 after purchasing an additional 805,000 shares during the last quarter. 64.21% of the stock is owned by hedge funds and other institutional investors.

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DDD stock opened at $11.92 on Tuesday. 3D Systems has a 1-year low of $7.92 and a 1-year high of $23.70. The company has a current ratio of 2.12, a quick ratio of 1.62 and a debt-to-equity ratio of 0.01.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Wednesday, March 14th. The 3D printing company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. 3D Systems had a negative return on equity of 8.48% and a negative net margin of 10.24%. The business had revenue of $177.30 million during the quarter, compared to the consensus estimate of $164.87 million. During the same period in the prior year, the company posted $0.15 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. research analysts predict that 3D Systems will post -0.11 EPS for the current year.

Several equities research analysts have recently commented on DDD shares. ValuEngine lowered shares of 3D Systems from a “sell” rating to a “strong sell” rating in a research report on Monday, April 2nd. Zacks Investment Research lowered shares of 3D Systems from a “hold” rating to a “sell” rating in a 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 target price for the company in a report on Tuesday, January 16th. Deutsche Bank increased their target price on shares of 3D Systems from $9.00 to $13.00 and gave the stock a “hold” rating in a report on Friday, March 16th. Finally, Piper Jaffray reissued a “neutral” rating on shares of 3D Systems in a report on Thursday, March 15th. Seven analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $12.33.

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3D Systems Company Profile

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

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

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