Jennison Associates LLC Takes Position in 3D Systems Co. (NYSE:DDD)

Jennison Associates LLC bought a new position in 3D Systems Co. (NYSE:DDD) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 49,326 shares of the 3D printing company’s stock, valued at approximately $1,360,000.

A number of other large investors also recently made changes to their positions in DDD. Archer Investment Corp grew its position in 3D Systems by 88.9% in the third quarter. Archer Investment Corp now owns 1,275 shares of the 3D printing company’s stock worth $35,000 after acquiring an additional 600 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in 3D Systems by 38.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,290 shares of the 3D printing company’s stock worth $52,000 after purchasing an additional 355 shares during the last quarter. NEXT Financial Group Inc lifted its stake in 3D Systems by 143.8% in the third quarter. NEXT Financial Group Inc now owns 2,077 shares of the 3D printing company’s stock worth $57,000 after purchasing an additional 1,225 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in 3D Systems by 172.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,578 shares of the 3D printing company’s stock worth $63,000 after purchasing an additional 999 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in 3D Systems by 26.0% in the third quarter. IFP Advisors Inc now owns 2,420 shares of the 3D printing company’s stock worth $68,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 65.00% of the company’s stock.

In other 3D Systems news, CFO Jagtar Narula sold 5,863 shares of the company’s stock in a transaction dated Tuesday, December 21st. The shares were sold at an average price of $21.50, for a total value of $126,054.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Andrew Martin Johnson sold 4,000 shares of the company’s stock in a transaction dated Monday, December 27th. The stock was sold at an average price of $21.81, for a total transaction of $87,240.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,726 shares of company stock valued at $561,472. 3.40% of the stock is owned by insiders.

DDD stock opened at $19.88 on Friday. 3D Systems Co. has a 1 year low of $17.47 and a 1 year high of $56.50. The company has a market cap of $2.54 billion, a P/E ratio of 8.08, a PEG ratio of 25.80 and a beta of 1.14. The firm has a 50-day moving average of $22.68 and a 200 day moving average of $27.12.

3D Systems (NYSE:DDD) last released its quarterly earnings results on Monday, November 8th. The 3D printing company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. 3D Systems had a net margin of 48.39% and a return on equity of 0.72%. The company had revenue of $156.09 million during the quarter, compared to the consensus estimate of $144.51 million. During the same period in the prior year, the firm earned ($0.09) earnings per share. 3D Systems’s revenue was up 14.6% on a year-over-year basis. As a group, equities research analysts anticipate that 3D Systems Co. will post 0.17 earnings per share for the current year.

Several analysts have weighed in on the stock. B. Riley lowered their price target on shares of 3D Systems from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, November 10th. Zacks Investment Research downgraded shares of 3D Systems from a “hold” rating to a “strong sell” rating and set a $19.00 price objective for the company. in a research note on Tuesday, January 4th. Finally, Lake Street Capital began coverage on shares of 3D Systems in a research note on Monday, November 8th. They set a “buy” rating and a $36.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.86.

3D Systems Company Profile

3D Systems Corp. is a holding company, which engages in the provision of comprehensive three-dimensional printing solutions. It offers a comprehensive range of 3D printers, materials, software, haptic design tools, 3D scanners, and virtual surgical simulators. The company was founded by Charles W. Hull in 1986 and is headquartered in Rock Hill, SC.

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

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