Retirement Systems of Alabama increased its stake in 3D Systems Corporation (NYSE:DDD) by 23.6% during the second quarter, Holdings Channel reports. The institutional investor owned 579,386 shares of the 3D printing company’s stock after buying an additional 110,596 shares during the period. Retirement Systems of Alabama’s holdings in 3D Systems Corporation were worth $10,835,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Strs Ohio bought a new stake in shares of 3D Systems Corporation during the second quarter valued at $115,000. LS Investment Advisors LLC increased its stake in shares of 3D Systems Corporation by 20.0% in the second quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock valued at $163,000 after buying an additional 1,452 shares in the last quarter. Concourse Capital Management LLC bought a new stake in shares of 3D Systems Corporation during the first quarter valued at $177,000. Advantus Capital Management Inc increased its stake in shares of 3D Systems Corporation by 3.8% in the first quarter. Advantus Capital Management Inc now owns 13,764 shares of the 3D printing company’s stock valued at $206,000 after buying an additional 498 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of 3D Systems Corporation during the fourth quarter valued at $219,000. 55.07% of the stock is owned by hedge funds and other institutional investors.

3D Systems Corporation (NYSE:DDD) opened at 12.60 on Friday. The stock has a 50 day moving average price of $17.53 and a 200-day moving average price of $17.37. The stock’s market cap is $1.43 billion. 3D Systems Corporation has a 12 month low of $12.34 and a 12 month high of $23.70.

3D Systems Corporation (NYSE:DDD) last announced its quarterly earnings results on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.04. 3D Systems Corporation had a positive return on equity of 1.69% and a negative net margin of 5.39%. The business had revenue of $159.47 million for the quarter, compared to analyst estimates of $163.01 million. During the same quarter last year, the firm posted $0.12 EPS. The company’s revenue was up .9% compared to the same quarter last year. On average, analysts expect that 3D Systems Corporation will post $0.45 EPS for the current year.

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Several equities research analysts recently weighed in on DDD shares. FBR & Co reaffirmed a “hold” rating and set a $18.00 price target on shares of 3D Systems Corporation in a report on Friday, May 5th. Jefferies Group LLC increased their price target on 3D Systems Corporation from $15.00 to $17.50 and gave the stock a “hold” rating in a report on Thursday, May 4th. Zacks Investment Research downgraded 3D Systems Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Canaccord Genuity reaffirmed a “hold” rating and set a $15.00 price target on shares of 3D Systems Corporation in a report on Friday, May 26th. Finally, BidaskClub downgraded 3D Systems Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. 3D Systems Corporation currently has a consensus rating of “Hold” and an average price target of $17.00.

In other 3D Systems Corporation news, insider Vyomesh Joshi purchased 15,400 shares of 3D Systems Corporation stock in a transaction on Tuesday, August 8th. The stock was bought at an average price of $12.96 per share, for a total transaction of $199,584.00. Following the transaction, the insider now owns 165,400 shares of the company’s stock, valued at approximately $2,143,584. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director G Walter Loewenbaum II sold 25,000 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $22.15, for a total value of $553,750.00. Following the transaction, the director now owns 1,042,402 shares of the company’s stock, valued at approximately $23,089,204.30. The disclosure for this sale can be found here. Insiders have sold a total of 102,500 shares of company stock valued at $2,221,425 in the last quarter. 5.00% of the stock is currently owned by 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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Institutional Ownership by Quarter for 3D Systems Corporation (NYSE:DDD)

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