Bank of New York Mellon Corp raised its position in shares of 3D Systems Corporation (NYSE:DDD) by 4.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,321,337 shares of the 3D printing company’s stock after buying an additional 60,511 shares during the period. Bank of New York Mellon Corp owned 1.17% of 3D Systems Corporation worth $19,768,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DDD. WFG Advisors LP increased its position 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 worth $258,000 after buying an additional 12,133 shares during the period. Thrivent Financial for Lutherans increased its position in shares of 3D Systems Corporation by 10.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 18,270 shares of the 3D printing company’s stock worth $243,000 after buying an additional 1,760 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of 3D Systems Corporation during the fourth quarter worth approximately $150,000. AQR Capital Management LLC increased its position in shares of 3D Systems Corporation by 785.3% in the fourth quarter. AQR Capital Management LLC now owns 116,747 shares of the 3D printing company’s stock worth $1,552,000 after buying an additional 103,560 shares during the period. Finally, Tudor Investment Corp Et Al purchased a new position in shares of 3D Systems Corporation during the fourth quarter worth approximately $240,000. 54.88% of the stock is owned by institutional investors and hedge funds.
3D Systems Corporation (NYSE DDD) opened at 21.02 on Friday. 3D Systems Corporation has a 12-month low of $11.59 and a 12-month high of $23.70. The company’s market capitalization is $2.39 billion. The firm has a 50-day moving average of $20.36 and a 200 day moving average of $16.59.
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A number of research analysts have recently commented on the stock. Canaccord Genuity reissued a “hold” rating and issued a $15.00 price objective on shares of 3D Systems Corporation in a research report on Friday, May 26th. Piper Jaffray Companies raised their target price on shares of 3D Systems Corporation from $11.00 to $14.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 24th. FBR & Co restated a “hold” rating and set a $18.00 target price on shares of 3D Systems Corporation in a research note on Monday, May 15th. Zacks Investment Research cut shares of 3D Systems Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems Corporation in a research note on Tuesday, February 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $17.77.
In other news, COO Kevin Mcalea sold 17,500 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $20.63, for a total value of $361,025.00. Following the sale, the chief operating officer now directly owns 276,074 shares of the company’s stock, valued at $5,695,406.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Andrew Martin Johnson sold 10,000 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $21.19, for a total transaction of $211,900.00. Following the completion of the sale, the executive vice president now directly owns 241,666 shares in the company, valued at $5,120,902.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,500 shares of company stock worth $2,221,425. Insiders own 5.00% of the company’s stock.
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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