3D Systems Corporation (DDD) Stake Held by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan held its position in 3D Systems Corporation (NYSE:DDD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,820 shares of the 3D printing company’s stock at the end of the first quarter. Municipal Employees Retirement System of Michigan’s holdings in 3D Systems Corporation were worth $730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DDD. Investment Management of Virginia LLC raised its position in 3D Systems Corporation by 5.5% in the first quarter. Investment Management of Virginia LLC now owns 1,697,859 shares of the 3D printing company’s stock valued at $25,400,000 after buying an additional 88,763 shares during the last quarter. Bank of New York Mellon Corp raised its position in 3D Systems Corporation by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 1,321,337 shares of the 3D printing company’s stock valued at $19,768,000 after buying an additional 60,511 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in 3D Systems Corporation by 84.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 485,287 shares of the 3D printing company’s stock valued at $7,260,000 after buying an additional 222,608 shares during the last quarter. Retirement Systems of Alabama raised its position in 3D Systems Corporation by 240.1% in the first quarter. Retirement Systems of Alabama now owns 468,790 shares of the 3D printing company’s stock valued at $7,013,000 after buying an additional 330,950 shares during the last quarter. Finally, Tocqueville Asset Management L.P. raised its position in 3D Systems Corporation by 89.0% in the first quarter. Tocqueville Asset Management L.P. now owns 443,024 shares of the 3D printing company’s stock valued at $6,628,000 after buying an additional 208,590 shares during the last quarter. 54.86% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for 3D Systems Corporation (NYSE:DDD)

3D Systems Corporation (NYSE DDD) traded down 1.22% during mid-day trading on Tuesday, hitting $21.82. The stock had a trading volume of 726,347 shares. The stock’s 50-day moving average is $20.54 and its 200 day moving average is $16.69. 3D Systems Corporation has a 52 week low of $11.59 and a 52 week high of $23.70. The company’s market capitalization is $2.48 billion.

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Several research analysts recently weighed in on DDD shares. Zacks Investment Research raised 3D Systems Corporation from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Friday, March 3rd. FBR & Co restated a “hold” rating and issued a $18.00 target price on shares of 3D Systems Corporation in a research note on Monday, May 15th. Canaccord Genuity restated a “hold” rating and issued a $15.00 target price on shares of 3D Systems Corporation in a research note on Friday, May 26th. Jefferies Group LLC boosted their target price on 3D Systems Corporation from $14.50 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, March 1st. Finally, Piper Jaffray Companies boosted their target price on 3D Systems Corporation from $11.00 to $14.00 and gave the company an “underweight” rating in a research note on Wednesday, May 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $17.77.

In related news, EVP Andrew Martin Johnson sold 10,000 shares of 3D Systems Corporation 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 transaction, the executive vice president now owns 241,666 shares in the company, valued at $5,120,902.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Kevin Mcalea sold 17,500 shares of 3D Systems Corporation stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $20.63, for a total value of $361,025.00. Following the transaction, the chief operating officer now owns 276,074 shares of the company’s stock, valued at approximately $5,695,406.62. The disclosure for this sale can be found here. Insiders sold a total of 102,500 shares of company stock valued at $2,221,425 in the last 90 days. 5.00% of the stock is owned by corporate insiders.

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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