Swiss National Bank Boosts Stake in 3D Systems Co. (NYSE:DDD)

Swiss National Bank boosted its holdings in shares of 3D Systems Co. (NYSE:DDD – Get Rating) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 314,550 shares of the 3D printing company’s stock after acquiring an additional 5,500 shares during the period. Swiss National Bank owned 0.24% of 3D Systems worth $2,328,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in shares of 3D Systems during the 1st quarter worth approximately $30,000. Pacer Advisors Inc. boosted its stake in 3D Systems by 32.5% during the fourth quarter. Pacer Advisors Inc. now owns 6,794 shares of the 3D printing company’s stock worth $50,000 after buying an additional 1,666 shares during the last quarter. Inspire Advisors LLC purchased a new stake in 3D Systems in the 4th quarter valued at $76,000. Profund Advisors LLC acquired a new stake in shares of 3D Systems in the 4th quarter worth $76,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of 3D Systems by 85.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,474 shares of the 3D printing company’s stock worth $84,000 after acquiring an additional 4,813 shares during the period. Institutional investors and hedge funds own 67.32% of the company’s stock.

3D Systems Stock Performance

NYSE DDD opened at $8.27 on Thursday. The stock has a market cap of $1.08 billion, a PE ratio of -8.35 and a beta of 1.75. 3D Systems Co. has a twelve month low of $7.02 and a twelve month high of $13.52. The stock has a fifty day simple moving average of $9.30 and a 200-day simple moving average of $9.50. The company has a current ratio of 5.26, a quick ratio of 4.30 and a debt-to-equity ratio of 0.62.

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

Insider Activity at 3D Systems

In other 3D Systems news, Director Malissia Clinton sold 8,685 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $8.58, for a total transaction of $74,517.30. Following the transaction, the director now directly owns 62,785 shares in the company, valued at $538,695.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

About 3D Systems

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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.