The 3D Systems Corporation (DDD) Stake Boosted by BlackRock Advisors LLC

BlackRock Advisors LLC raised its position in 3D Systems Corporation (NYSE:DDD) by 9.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,672 shares of the 3D printing company’s stock after buying an additional 4,881 shares during the period. BlackRock Advisors LLC’s holdings in 3D Systems Corporation were worth $999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Fund Advisors raised its position in shares of 3D Systems Corporation by 43.6% in the second quarter. BlackRock Fund Advisors now owns 5,705,547 shares of the 3D printing company’s stock worth $78,109,000 after buying an additional 1,733,230 shares in the last quarter. State Street Corp raised its position in shares of 3D Systems Corporation by 22.5% in the second quarter. State Street Corp now owns 3,400,659 shares of the 3D printing company’s stock worth $46,554,000 after buying an additional 625,061 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 3D Systems Corporation by 5.2% in the second quarter. Vanguard Group Inc. now owns 7,901,068 shares of the 3D printing company’s stock worth $108,165,000 after buying an additional 392,703 shares in the last quarter. BlackRock Investment Management LLC raised its position in shares of 3D Systems Corporation by 108.0% in the second quarter. BlackRock Investment Management LLC now owns 661,073 shares of the 3D printing company’s stock worth $9,050,000 after buying an additional 343,313 shares in the last quarter. Finally, Credit Suisse AG raised its position in shares of 3D Systems Corporation by 48.7% in the second quarter. Credit Suisse AG now owns 770,784 shares of the 3D printing company’s stock worth $10,552,000 after buying an additional 252,471 shares in the last quarter. 48.35% of the stock is currently owned by institutional investors.

3D Systems Corporation (NYSE:DDD) traded down 0.939% during trading on Monday, reaching $16.355. The company had a trading volume of 1,244,773 shares. 3D Systems Corporation has a 12-month low of $7.40 and a 12-month high of $19.76. The firm has a 50-day moving average price of $15.31 and a 200 day moving average price of $15.03. The stock’s market cap is $1.84 billion.

3D Systems Corporation (NYSE:DDD) last released its quarterly earnings data on Thursday, November 3rd. The 3D printing company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. 3D Systems Corporation had a negative net margin of 98.40% and a positive return on equity of 4.14%. The business earned $156.36 million during the quarter, compared to analyst estimates of $160.16 million. During the same quarter in the previous year, the business earned $0.01 EPS. 3D Systems Corporation’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities research analysts predict that 3D Systems Corporation will post $0.44 EPS for the current fiscal year.

DDD has been the topic of several research reports. Vetr lowered 3D Systems Corporation from a “strong-buy” rating to a “buy” rating and set a $19.89 target price on the stock. in a research report on Monday, October 3rd. FBR & Co initiated coverage on 3D Systems Corporation in a research report on Monday, October 3rd. They issued a “market perform” rating and a $18.00 target price on the stock. Zacks Investment Research lowered 3D Systems Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Piper Jaffray Companies reaffirmed an “underweight” rating and issued a $10.50 target price on shares of 3D Systems Corporation in a research report on Saturday, October 15th. Finally, Gabelli raised 3D Systems Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Friday, November 4th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. 3D Systems Corporation currently has an average rating of “Hold” and a consensus price target of $16.04.

3D Systems Corporation Company Profile

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) products and services, including 3D printers, print materials, parts services and digital design and manufacturing tools. Its ecosystem supports applications from the product design shop to the factory floor to the operating room.

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