Bank of New York Mellon Corp cut its position in 3D Systems Corporation (NYSE:DDD) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,312,243 shares of the 3D printing company’s stock after selling 9,094 shares during the quarter. Bank of New York Mellon Corp owned about 1.15% of 3D Systems Corporation worth $24,538,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Rhumbline Advisers raised its stake in shares of 3D Systems Corporation by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 213,623 shares of the 3D printing company’s stock valued at $3,995,000 after purchasing an additional 2,162 shares during the period. Arizona State Retirement System raised its stake in shares of 3D Systems Corporation by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 45,600 shares of the 3D printing company’s stock valued at $853,000 after purchasing an additional 900 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of 3D Systems Corporation by 3.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 473,255 shares of the 3D printing company’s stock valued at $8,850,000 after purchasing an additional 13,894 shares during the period. Trent Capital Management Inc. NC bought a new stake in shares of 3D Systems Corporation during the 2nd quarter valued at $200,000. Finally, Pictet Asset Management Ltd. bought a new stake in shares of 3D Systems Corporation during the 2nd quarter valued at $13,217,000. Hedge funds and other institutional investors own 56.73% of the company’s stock.

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A number of analysts recently issued reports on the company. Loop Capital reiterated a “hold” rating and set a $15.00 price objective on shares of 3D Systems Corporation in a research note on Wednesday, August 9th. Deutsche Bank AG reiterated a “hold” rating and set a $15.00 price objective (down from $16.00) on shares of 3D Systems Corporation in a research note on Wednesday, August 9th. Zacks Investment Research lowered 3D Systems Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. J P Morgan Chase & Co upgraded 3D Systems Corporation from an “underweight” rating to a “neutral” rating and set a $13.00 price objective on the stock in a research note on Friday, August 4th. Finally, BidaskClub lowered 3D Systems Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $16.33.

In other news, insider Vyomesh Joshi bought 15,400 shares of 3D Systems Corporation stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost of $12.96 per share, with a total value of $199,584.00. Following the completion of the acquisition, the insider now owns 165,400 shares of the company’s stock, valued at approximately $2,143,584. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.00% of the company’s stock.

3D Systems Corporation (DDD) opened at 13.59 on Thursday. The stock’s market capitalization is $1.55 billion. 3D Systems Corporation has a 12-month low of $12.02 and a 12-month high of $23.70. The stock has a 50 day moving average price of $13.66 and a 200-day moving average price of $16.72.

3D Systems Corporation (NYSE:DDD) last issued its earnings results on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $159.47 million during the quarter, compared to the consensus estimate of $163.01 million. During the same period last year, the firm posted $0.12 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts anticipate that 3D Systems Corporation will post $0.44 earnings per share for the current fiscal year.

About 3D Systems Corporation

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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