Logan Capital Management Inc. cut its holdings in 3D Systems Corporation (NYSE:DDD) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,170 shares of the 3D printing company’s stock after selling 410 shares during the quarter. Logan Capital Management Inc.’s holdings in 3D Systems Corporation were worth $452,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DDD. Russell Investments Group Ltd. boosted its stake in 3D Systems Corporation by 220.1% in the first quarter. Russell Investments Group Ltd. now owns 52,409 shares of the 3D printing company’s stock valued at $784,000 after acquiring an additional 36,037 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in 3D Systems Corporation by 4.5% in the first quarter. Great West Life Assurance Co. Can now owns 67,829 shares of the 3D printing company’s stock valued at $1,013,000 after acquiring an additional 2,894 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in 3D Systems Corporation by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 1,321,337 shares of the 3D printing company’s stock valued at $19,768,000 after acquiring an additional 60,511 shares during the last quarter. Comerica Bank boosted its stake in 3D Systems Corporation by 5.7% in the first quarter. Comerica Bank now owns 82,801 shares of the 3D printing company’s stock valued at $1,312,000 after acquiring an additional 4,432 shares during the last quarter. Finally, Swiss National Bank boosted its stake in 3D Systems Corporation by 1.9% in the first quarter. Swiss National Bank now owns 175,950 shares of the 3D printing company’s stock valued at $2,632,000 after acquiring an additional 3,300 shares during the last quarter. 56.73% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the stock. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $18.00 price objective (up from $15.00) on shares of 3D Systems Corporation in a research note on Monday, June 26th. BidaskClub cut shares of 3D Systems Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of 3D Systems Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Piper Jaffray Companies reaffirmed an “underweight” rating and issued a $14.00 price objective on shares of 3D Systems Corporation in a research note on Monday, July 3rd. Finally, Susquehanna Bancshares Inc assumed coverage on shares of 3D Systems Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $16.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.12.

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Shares of 3D Systems Corporation (NYSE DDD) traded down 0.44% during midday trading on Thursday, reaching $13.61. 309,014 shares of the company’s stock traded hands. The firm’s market cap is $1.55 billion. 3D Systems Corporation has a 52-week low of $12.02 and a 52-week high of $23.70. The company has a 50 day moving average of $13.11 and a 200 day moving average of $16.56.

3D Systems Corporation (NYSE:DDD) last released its quarterly earnings data on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). 3D Systems Corporation had a negative net margin of 5.39% and a positive return on equity of 1.69%. The business had revenue of $159.47 million during the quarter, compared to the consensus estimate of $163.01 million. During the same period last year, the business posted $0.12 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts predict that 3D Systems Corporation will post $0.44 EPS for the current fiscal year.

In other 3D Systems Corporation news, insider Vyomesh Joshi acquired 15,400 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were purchased at an average cost of $12.96 per share, with a total value of $199,584.00. Following the completion of the purchase, the insider now owns 165,400 shares of the company’s stock, valued at $2,143,584. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.00% of the stock is currently owned by company insiders.

About 3D Systems Corporation

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.

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

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