OppenheimerFunds Inc. cut its holdings in 3D Systems Co. (NYSE:DDD) by 0.1% in the third quarter, Holdings Channel reports. The fund owned 8,024,074 shares of the 3D printing company’s stock after selling 5,197 shares during the quarter. OppenheimerFunds Inc. owned approximately 0.07% of 3D Systems worth $151,655,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Natixis lifted its stake in shares of 3D Systems by 802.8% in the second quarter. Natixis now owns 191,193 shares of the 3D printing company’s stock worth $2,640,000 after buying an additional 170,016 shares during the last quarter. Royce & Associates LP lifted its stake in shares of 3D Systems by 8.6% in the second quarter. Royce & Associates LP now owns 797,487 shares of the 3D printing company’s stock worth $11,013,000 after buying an additional 63,000 shares during the last quarter. BlackRock Inc. lifted its stake in shares of 3D Systems by 29.4% in the second quarter. BlackRock Inc. now owns 16,413,577 shares of the 3D printing company’s stock worth $226,672,000 after buying an additional 3,727,372 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of 3D Systems by 5.8% in the second quarter. Bank of New York Mellon Corp now owns 1,313,379 shares of the 3D printing company’s stock worth $18,138,000 after buying an additional 71,725 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new stake in shares of 3D Systems in the third quarter worth $3,344,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

A number of analysts have recently weighed in on the stock. ValuEngine cut shares of 3D Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 1st. Loop Capital lowered their target price on shares of 3D Systems to $14.00 and set a “hold” rating on the stock in a report on Wednesday, October 31st. Gabelli downgraded shares of 3D Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Piper Jaffray Companies upgraded shares of 3D Systems from an “underweight” rating to a “neutral” rating and increased their price target for the company from $14.00 to $17.00 in a research report on Wednesday, October 24th. Finally, Zacks Investment Research cut shares of 3D Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $13.74.

In other 3D Systems news, EVP Andrew Martin Johnson sold 4,200 shares of 3D Systems stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $17.80, for a total transaction of $74,760.00. Following the completion of the transaction, the executive vice president now owns 208,825 shares in the company, valued at $3,717,085. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.00% of the stock is currently owned by insiders.

DDD opened at $11.85 on Thursday. The company has a market capitalization of $1.38 billion, a PE ratio of -20.79 and a beta of 1.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 1.50. 3D Systems Co. has a 52 week low of $8.53 and a 52 week high of $21.78.

3D Systems (NYSE:DDD) last announced its quarterly earnings data on Tuesday, October 30th. The 3D printing company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). The company had revenue of $164.50 million for the quarter, compared to analysts’ expectations of $171.82 million. 3D Systems had a negative net margin of 7.53% and a negative return on equity of 5.12%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.20) EPS. As a group, research analysts expect that 3D Systems Co. will post -0.13 earnings per share for the current fiscal year.

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3D Systems Company Profile

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, 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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