Geode Capital Management LLC increased its position in shares of 3D Systems Co. (NYSE:DDD) by 8.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,640,356 shares of the 3D printing company’s stock after acquiring an additional 125,617 shares during the period. Geode Capital Management LLC owned about 1.38% of 3D Systems worth $12,647,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DDD. State Street Corp raised its holdings in 3D Systems by 21.2% during the first quarter. State Street Corp now owns 4,161,314 shares of the 3D printing company’s stock valued at $32,084,000 after buying an additional 727,647 shares in the last quarter. Norges Bank bought a new position in 3D Systems during the fourth quarter valued at about $4,333,000. Renaissance Technologies LLC raised its holdings in 3D Systems by 115.6% during the fourth quarter. Renaissance Technologies LLC now owns 570,150 shares of the 3D printing company’s stock valued at $4,989,000 after buying an additional 305,700 shares in the last quarter. Oxford Asset Management LLP bought a new position in 3D Systems during the fourth quarter valued at about $1,787,000. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in 3D Systems by 12,041.8% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 151,772 shares of the 3D printing company’s stock valued at $1,171,000 after buying an additional 150,522 shares in the last quarter. Institutional investors own 69.84% of the company’s stock.
DDD stock opened at $6.99 on Wednesday. 3D Systems Co. has a twelve month low of $5.20 and a twelve month high of $12.56. The company has a market cap of $830.88 million, a PE ratio of -12.26 and a beta of 1.61. The business’s 50-day simple moving average is $7.35 and its 200 day simple moving average is $8.63. The company has a quick ratio of 1.53, a current ratio of 2.21 and a debt-to-equity ratio of 0.09.
DDD has been the topic of several recent research reports. Zacks Investment Research lowered 3D Systems from a “hold” rating to a “sell” rating and set a $10.00 target price on the stock. in a report on Wednesday, March 4th. B. Riley lowered 3D Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $10.00 to $4.00 in a research note on Thursday, March 19th. Cfra dropped their price objective on 3D Systems from $11.00 to $9.00 and set a “hold” rating on the stock in a research note on Thursday, May 7th. Piper Sandler dropped their price objective on 3D Systems from $7.50 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Thursday, May 7th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.57.
In other 3D Systems news, EVP Andrew Martin Johnson sold 4,000 shares of 3D Systems stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $8.00, for a total transaction of $32,000.00. Following the sale, the executive vice president now directly owns 226,691 shares of the company’s stock, valued at $1,813,528. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is currently owned by insiders.
3D Systems Company Profile
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.
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