Comerica Bank Acquires 1,211 Shares of 3D Systems Corporation (DDD)
Comerica Bank grew its holdings in 3D Systems Corporation (NYSE:DDD) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,012 shares of the 3D printing company’s stock after acquiring an additional 1,211 shares during the quarter. Comerica Bank owned 0.07% of 3D Systems Corporation worth $1,495,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in DDD. BlackRock Inc. boosted its position in shares of 3D Systems Corporation by 23,856.2% in the first quarter. BlackRock Inc. now owns 11,328,150 shares of the 3D printing company’s stock valued at $169,471,000 after acquiring an additional 11,280,863 shares during the period. OppenheimerFunds Inc. bought a new stake in shares of 3D Systems Corporation in the first quarter valued at about $20,539,000. California Public Employees Retirement System boosted its position in shares of 3D Systems Corporation by 307.9% in the first quarter. California Public Employees Retirement System now owns 1,253,400 shares of the 3D printing company’s stock valued at $18,751,000 after acquiring an additional 946,100 shares during the period. Pictet Asset Management Ltd. bought a new stake in shares of 3D Systems Corporation in the second quarter valued at about $13,217,000. Finally, Blair William & Co. IL bought a new stake in shares of 3D Systems Corporation in the first quarter valued at about $4,882,000. 56.73% of the stock is owned by institutional investors.
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In other 3D Systems Corporation news, insider Vyomesh Joshi purchased 15,400 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was purchased 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 in the company, valued at approximately $2,143,584. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.00% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Loop Capital reissued a “hold” rating and issued a $15.00 target price on shares of 3D Systems Corporation in a research report on Wednesday, August 9th. Deutsche Bank AG reissued a “hold” rating and issued a $15.00 target price (down previously from $16.00) on shares of 3D Systems Corporation in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of 3D Systems Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. J P Morgan Chase & Co raised shares of 3D Systems Corporation from an “underweight” rating to a “neutral” rating and set a $13.00 target price for the company in a research report on Friday, August 4th. Finally, BidaskClub cut shares of 3D Systems Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.33.
3D Systems Corporation (NYSE:DDD) opened at 13.59 on Thursday. 3D Systems Corporation has a 1-year low of $12.02 and a 1-year high of $23.70. The firm’s market cap is $1.55 billion. 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 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). The business had revenue of $159.47 million for the quarter, compared to the consensus estimate of $163.01 million. 3D Systems Corporation had a negative net margin of 5.39% and a positive return on equity of 1.69%. The business’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. On average, analysts anticipate that 3D Systems Corporation will post $0.44 EPS for the current year.
3D Systems Corporation 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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