Barclays PLC Boosts Stock Position in 3D Systems Co. (NYSE:DDD)

Barclays PLC raised its stake in 3D Systems Co. (NYSE:DDD) by 260.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 207,379 shares of the 3D printing company’s stock after purchasing an additional 149,793 shares during the quarter. Barclays PLC owned 0.15% of 3D Systems worth $589,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DDD. Texas Permanent School Fund Corp grew its position in 3D Systems by 28.8% in the 2nd quarter. Texas Permanent School Fund Corp now owns 149,029 shares of the 3D printing company’s stock valued at $458,000 after buying an additional 33,318 shares during the last quarter. American Century Companies Inc. increased its stake in shares of 3D Systems by 25.0% during the second quarter. American Century Companies Inc. now owns 158,855 shares of the 3D printing company’s stock worth $488,000 after acquiring an additional 31,732 shares during the period. Federated Hermes Inc. raised its holdings in 3D Systems by 21.8% during the second quarter. Federated Hermes Inc. now owns 55,180 shares of the 3D printing company’s stock worth $169,000 after purchasing an additional 9,860 shares in the last quarter. XTX Topco Ltd acquired a new stake in 3D Systems in the second quarter valued at about $57,000. Finally, Inspire Investing LLC purchased a new stake in 3D Systems in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DDD. Craig Hallum raised 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Wednesday. Finally, StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Performance

NYSE DDD opened at $3.12 on Friday. The business has a 50 day moving average price of $3.28 and a 200 day moving average price of $3.05. The company has a market capitalization of $422.46 million, a P/E ratio of -0.78 and a beta of 1.61. 3D Systems Co. has a 1-year low of $1.72 and a 1-year high of $5.75. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34.

Insider Buying and Selling at 3D Systems

In related news, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total value of $447,648.06. Following the sale, the executive vice president now directly owns 331,955 shares of the company’s stock, valued at approximately $1,281,346.30. This represents a 25.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey A. Graves bought 60,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were acquired at an average price of $3.85 per share, with a total value of $231,000.00. Following the transaction, the chief executive officer now owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. The trade was a 5.82 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is owned by corporate insiders.

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.