Optas LLC Purchases New Shares in 3D Systems Co. (NYSE:DDD)

Optas LLC purchased a new position in shares of 3D Systems Co. (NYSE:DDD) during the third quarter, Holdings Channel reports. The institutional investor purchased 23,220 shares of the 3D printing company’s stock, valued at approximately $66,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of 3D Systems by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 14,217,779 shares of the 3D printing company’s stock worth $63,127,000 after buying an additional 98,797 shares during the last quarter. ARK Investment Management LLC increased its stake in shares of 3D Systems by 6.4% during the 2nd quarter. ARK Investment Management LLC now owns 3,079,471 shares of the 3D printing company’s stock worth $9,454,000 after purchasing an additional 185,347 shares during the last quarter. Silverberg Bernstein Capital Management LLC raised its holdings in shares of 3D Systems by 32.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock worth $3,475,000 after purchasing an additional 302,484 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in 3D Systems by 85.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock valued at $2,692,000 after purchasing an additional 403,175 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in 3D Systems by 26.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 445,099 shares of the 3D printing company’s stock valued at $1,976,000 after purchasing an additional 91,976 shares during the period. Hedge funds and other institutional investors own 64.49% of the company’s stock.

3D Systems Stock Up 13.0 %

Shares of NYSE DDD opened at $3.39 on Monday. The business has a 50-day moving average of $2.66 and a 200-day moving average of $3.16. The firm has a market capitalization of $452.80 million, a price-to-earnings ratio of -1.25 and a beta of 1.65. The company has a current ratio of 3.46, a quick ratio of 2.42 and a debt-to-equity ratio of 0.55. 3D Systems Co. has a 12 month low of $1.72 and a 12 month high of $6.85.

3D Systems (NYSE:DDD) last posted its quarterly earnings data on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.11). 3D Systems had a negative net margin of 78.14% and a negative return on equity of 15.29%. The company had revenue of $113.25 million for the quarter, compared to analysts’ expectations of $125.15 million. Sell-side analysts expect that 3D Systems Co. will post -0.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DDD has been the topic of several research reports. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research note on Friday, August 30th. Cantor Fitzgerald decreased their price target on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Lake Street Capital cut their price objective on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Loop Capital decreased their target price on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Finally, StockNews.com downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, 3D Systems presently has an average rating of “Hold” and a consensus price target of $3.25.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.