Arizona State Retirement System Acquires 1,343 Shares of 3D Systems Co. (NYSE:DDD)

Arizona State Retirement System raised its position in shares of 3D Systems Co. (NYSE:DDD – Get Rating) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,762 shares of the 3D printing company’s stock after purchasing an additional 1,343 shares during the period. Arizona State Retirement System’s holdings in 3D Systems were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in 3D Systems during the 1st quarter worth $30,000. Pacer Advisors Inc. increased its position in 3D Systems by 32.5% during the 4th quarter. Pacer Advisors Inc. now owns 6,794 shares of the 3D printing company’s stock valued at $50,000 after buying an additional 1,666 shares in the last quarter. FMR LLC increased its position in 3D Systems by 15.9% during the 2nd quarter. FMR LLC now owns 9,246 shares of the 3D printing company’s stock valued at $90,000 after buying an additional 1,265 shares in the last quarter. Inspire Advisors LLC acquired a new position in 3D Systems during the 4th quarter valued at about $76,000. Finally, Profund Advisors LLC acquired a new position in 3D Systems during the 4th quarter valued at about $76,000. 67.32% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Malissia Clinton sold 8,685 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $8.58, for a total value of $74,517.30. Following the transaction, the director now owns 62,785 shares in the company, valued at $538,695.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.45% of the company’s stock.

3D Systems Stock Up 1.7 %

Shares of DDD stock opened at $8.55 on Wednesday. 3D Systems Co. has a fifty-two week low of $7.02 and a fifty-two week high of $13.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 4.30 and a current ratio of 5.26. The firm has a market capitalization of $1.12 billion, a PE ratio of -8.64 and a beta of 1.75. The stock’s 50-day simple moving average is $9.34 and its 200-day simple moving average is $9.51.

3D Systems (NYSE:DDD – Get Rating) last issued its quarterly earnings results on Tuesday, February 28th. The 3D printing company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The business had revenue of $132.73 million for the quarter, compared to analysts’ expectations of $132.34 million. 3D Systems had a negative return on equity of 11.82% and a negative net margin of 23.82%. Equities analysts expect that 3D Systems Co. will post -0.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Credit Suisse Group reaffirmed an “underperform” rating and set a $7.00 target price on shares of 3D Systems in a research report on Thursday, March 2nd. StockNews.com began coverage on 3D Systems in a report on Thursday, May 18th. They issued a “sell” rating on the stock.

3D Systems Profile

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3D Systems Corp. is a holding company, which engages in the provision of comprehensive three-dimensional printing solutions. It offers a comprehensive range of 3D printers, materials, software, haptic design tools, 3D scanners, and virtual surgical simulators. The company was founded by Charles W. Hull in 1986 and is headquartered in Rock Hill, SC.