State Treasurer State of Michigan boosted its stake in shares of 3D Systems Corporation (NYSE:DDD) by 1.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,700 shares of the 3D printing company’s stock after buying an additional 800 shares during the period. State Treasurer State of Michigan’s holdings in 3D Systems Corporation were worth $654,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the stock. Credit Agricole S A bought a new stake in 3D Systems Corporation during the fourth quarter valued at approximately $125,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in 3D Systems Corporation during the fourth quarter valued at approximately $150,000. Trent Capital Management Inc. NC bought a new stake in 3D Systems Corporation during the fourth quarter valued at approximately $166,000. Parallel Advisors LLC bought a new stake in 3D Systems Corporation during the fourth quarter valued at approximately $168,000. Finally, WFG Advisors LP boosted its stake in 3D Systems Corporation by 885.6% in the fourth quarter. WFG Advisors LP now owns 13,503 shares of the 3D printing company’s stock valued at $258,000 after buying an additional 12,133 shares in the last quarter. 54.86% of the stock is owned by institutional investors and hedge funds.
3D Systems Corporation (NYSE DDD) traded up 5.09% on Monday, reaching $22.09. 3,412,042 shares of the company’s stock were exchanged. The firm’s market cap is $2.51 billion. 3D Systems Corporation has a one year low of $11.59 and a one year high of $23.70. The firm has a 50 day moving average price of $20.36 and a 200 day moving average price of $16.59.
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A number of analysts have recently commented on DDD shares. Zacks Investment Research upgraded shares of 3D Systems Corporation from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Friday, March 3rd. FBR & Co reissued a “market perform” rating and issued a $18.00 price objective on shares of 3D Systems Corporation in a report on Wednesday, March 1st. Piper Jaffray Companies lifted their price target on shares of 3D Systems Corporation from $11.00 to $14.00 and gave the company an “underweight” rating in a report on Wednesday, May 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems Corporation in a report on Tuesday, February 28th. Finally, Jefferies Group LLC lifted their price target on shares of 3D Systems Corporation from $14.50 to $15.00 and gave the company a “hold” rating in a report on Wednesday, March 1st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.77.
In related news, Director G Walter Loewenbaum II sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $22.29, for a total transaction of $557,250.00. Following the sale, the director now owns 1,007,106 shares of the company’s stock, valued at approximately $22,448,392.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew Martin Johnson sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $21.19, for a total transaction of $211,900.00. Following the sale, the executive vice president now directly owns 241,666 shares in the company, valued at approximately $5,120,902.54. The disclosure for this sale can be found here. Insiders have sold a total of 102,500 shares of company stock worth $2,221,425 in the last ninety days. 5.00% of the stock is currently owned by insiders.
3D Systems Corporation 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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