Texas Permanent School Fund Acquires 1,105 Shares of 3D Systems Corporation (DDD)
Texas Permanent School Fund raised its position in 3D Systems Corporation (NYSE:DDD) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,939 shares of the 3D printing company’s stock after buying an additional 1,105 shares during the period. Texas Permanent School Fund’s holdings in 3D Systems Corporation were worth $1,476,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of DDD. Strs Ohio acquired a new position in 3D Systems Corporation during the second quarter worth approximately $115,000. LS Investment Advisors LLC increased its stake in shares of 3D Systems Corporation by 20.0% in the second quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock valued at $163,000 after buying an additional 1,452 shares during the period. Concourse Capital Management LLC purchased a new stake in shares of 3D Systems Corporation during the first quarter valued at about $177,000. Advantus Capital Management Inc increased its stake in shares of 3D Systems Corporation by 3.8% in the first quarter. Advantus Capital Management Inc now owns 13,764 shares of the 3D printing company’s stock valued at $206,000 after buying an additional 498 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in shares of 3D Systems Corporation during the fourth quarter valued at about $219,000. Institutional investors own 55.36% of the company’s stock.
Shares of 3D Systems Corporation (NYSE DDD) opened at 12.36 on Wednesday. The firm’s market capitalization is $1.41 billion. The firm’s 50-day moving average is $16.75 and its 200 day moving average is $17.29. 3D Systems Corporation has a 12 month low of $12.28 and a 12 month high of $23.70.
3D Systems Corporation (NYSE:DDD) last released its earnings results on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.04. The company had revenue of $159.47 million during the quarter, compared to analysts’ expectations of $163.01 million. 3D Systems Corporation had a negative net margin of 5.39% and a positive return on equity of 1.69%. The firm’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. On average, equities research analysts anticipate that 3D Systems Corporation will post $0.44 EPS for the current year.
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Several equities research analysts recently issued reports on the stock. Jefferies Group LLC raised their target price on shares of 3D Systems Corporation from $15.00 to $17.50 and gave the company a “hold” rating in a research note on Thursday, May 4th. FBR & Co reiterated a “hold” rating and issued a $18.00 target price on shares of 3D Systems Corporation in a research note on Monday, May 15th. Loop Capital assumed coverage on shares of 3D Systems Corporation in a research note on Monday, July 24th. They issued a “hold” rating and a $18.00 target price for the company. 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 target price for the company. Finally, Piper Jaffray Companies reiterated an “underweight” rating and issued a $14.00 target price on shares of 3D Systems Corporation in a research note on Monday, July 3rd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.00.
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 directly owns 1,007,106 shares in the company, valued at approximately $22,448,392.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vyomesh Joshi purchased 15,400 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average price of $12.96 per share, for a total transaction of $199,584.00. Following the completion of the purchase, the insider now directly owns 165,400 shares in the company, valued at approximately $2,143,584. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 102,500 shares of company stock worth $2,221,425. Corporate insiders own 5.00% of the company’s stock.
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.
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