State Board of Administration of Florida Retirement System Sells 20,830 Shares of 3D Systems Co. (NYSE:DDD)

State Board of Administration of Florida Retirement System decreased its position in 3D Systems Co. (NYSE:DDD) by 31.1% during the first quarter, Holdings Channel.com reports. The fund owned 46,087 shares of the 3D printing company’s stock after selling 20,830 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in 3D Systems were worth $1,265,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Wealthcare Advisory Partners LLC bought a new position in shares of 3D Systems during the first quarter valued at approximately $35,000. Vantage Consulting Group Inc purchased a new position in 3D Systems during the 4th quarter valued at $25,000. Nisa Investment Advisors LLC raised its holdings in 3D Systems by 125.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,785 shares of the 3D printing company’s stock worth $29,000 after purchasing an additional 1,550 shares in the last quarter. KBC Group NV purchased a new stake in shares of 3D Systems in the 4th quarter worth about $33,000. Finally, Inspire Advisors LLC bought a new stake in shares of 3D Systems during the 4th quarter valued at about $33,000. 66.28% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on DDD shares. Craig Hallum upgraded shares of 3D Systems from a “hold” rating to a “buy” rating in a report on Tuesday, May 11th. Zacks Investment Research upgraded 3D Systems from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, May 21st. Loop Capital reduced their price target on 3D Systems from $31.00 to $24.00 and set a “hold” rating on the stock in a research note on Wednesday, May 12th. Stifel Nicolaus reissued a “hold” rating on shares of 3D Systems in a research report on Wednesday, May 12th. Finally, B. Riley boosted their target price on shares of 3D Systems from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, May 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.57.

In related news, EVP Menno Ellis sold 10,573 shares of 3D Systems stock in a transaction on Monday, May 17th. The stock was sold at an average price of $22.49, for a total value of $237,786.77. Following the completion of the sale, the executive vice president now owns 123,313 shares of the company’s stock, valued at $2,773,309.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew Martin Johnson sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 26th. The shares were sold at an average price of $27.29, for a total value of $109,160.00. Following the sale, the executive vice president now owns 215,988 shares of the company’s stock, valued at approximately $5,894,312.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,573 shares of company stock worth $565,947. Insiders own 3.60% of the company’s stock.

DDD stock opened at $29.30 on Friday. The company has a 50 day simple moving average of $24.47. 3D Systems Co. has a 12-month low of $4.60 and a 12-month high of $56.50. The company has a market cap of $3.66 billion, a PE ratio of -39.59 and a beta of 1.14.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Sunday, May 9th. The 3D printing company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.15. 3D Systems had a negative return on equity of 4.51% and a negative net margin of 15.10%. The firm had revenue of $146.10 million during the quarter, compared to analysts’ expectations of $136.63 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. On average, research analysts forecast that 3D Systems Co. will post 0.18 EPS for the current fiscal year.

3D Systems Company Profile

3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform digital data input generated by 3D design software, computer aided design (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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