Texas Permanent School Fund Corp Boosts Position in 3D Systems Co. (NYSE:DDD)

Texas Permanent School Fund Corp raised its stake in 3D Systems Co. (NYSE:DDD) by 28.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,029 shares of the 3D printing company’s stock after acquiring an additional 33,318 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.11% of 3D Systems worth $458,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DDD. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of 3D Systems by 85.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock worth $2,692,000 after acquiring an additional 403,175 shares during the last quarter. ARK Investment Management LLC raised its holdings in shares of 3D Systems by 6.4% in the second quarter. ARK Investment Management LLC now owns 3,079,471 shares of the 3D printing company’s stock worth $9,454,000 after acquiring an additional 185,347 shares during the last quarter. Vanguard Group Inc. increased its stake in 3D Systems by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 14,118,982 shares of the 3D printing company’s stock valued at $89,656,000 after purchasing an additional 168,162 shares during the last quarter. Silverberg Bernstein Capital Management LLC increased its stake in 3D Systems by 14.7% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 921,275 shares of the 3D printing company’s stock valued at $2,828,000 after purchasing an additional 118,096 shares during the last quarter. Finally, SteelPeak Wealth LLC acquired a new position in 3D Systems in the first quarter valued at $463,000. 64.49% of the stock is owned by institutional investors and hedge funds.

3D Systems Price Performance

DDD stock opened at $2.58 on Friday. The stock has a 50-day moving average price of $2.80 and a two-hundred day moving average price of $3.45. 3D Systems Co. has a 12-month low of $1.72 and a 12-month high of $6.85. The company has a current ratio of 3.46, a quick ratio of 2.42 and a debt-to-equity ratio of 0.55. The company has a market cap of $344.26 million, a PE ratio of -0.91 and a beta of 1.65.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). 3D Systems had a negative net margin of 78.14% and a negative return on equity of 15.29%. The firm had revenue of $113.25 million for the quarter, compared to analysts’ expectations of $125.15 million. As a group, research analysts predict that 3D Systems Co. will post -0.67 EPS for the current year.

Analyst Ratings Changes

DDD has been the subject of several analyst reports. Cantor Fitzgerald dropped their target price on 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research note on Friday, August 30th. StockNews.com lowered 3D Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. Loop Capital dropped their target price on 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Friday, August 30th. Finally, Lake Street Capital dropped their target price on 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, 3D Systems currently has an average rating of “Hold” and an average target price of $3.25.

About 3D Systems

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.