The IFP Advisors Inc Sold shares of 3D Systems Corp. (DDD)

IFP Advisors Inc cut its position in shares of 3D Systems Corp. (NYSE:DDD) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,991 shares of the 3D printing company’s stock after selling 497 shares during the period. IFP Advisors Inc’s holdings in 3D Systems Corp. were worth $397,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in DDD. Schwab Charles Investment Management Inc. increased its stake in 3D Systems Corp. by 82.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 383,350 shares of the 3D printing company’s stock worth $5,249,000 after buying an additional 173,172 shares during the period. Stifel Financial Corp increased its stake in shares of 3D Systems Corp. by 2.8% in the second quarter. Stifel Financial Corp now owns 18,573 shares of the 3D printing company’s stock valued at $255,000 after buying an additional 502 shares during the last quarter. Legal & General Group Plc increased its stake in shares of 3D Systems Corp. by 69.0% in the second quarter. Legal & General Group Plc now owns 26,289 shares of the 3D printing company’s stock valued at $356,000 after buying an additional 10,733 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of 3D Systems Corp. by 76.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 174,344 shares of the 3D printing company’s stock valued at $2,387,000 after buying an additional 75,812 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of 3D Systems Corp. by 4,261.9% in the second quarter. Cubist Systematic Strategies LLC now owns 88,764 shares of the 3D printing company’s stock valued at $1,215,000 after buying an additional 86,729 shares during the last quarter. 50.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of 3D Systems Corp. (NYSE:DDD) traded up 1.21% during trading on Friday, reaching $14.25. 1,724,443 shares of the company’s stock were exchanged. The stock’s market capitalization is $1.60 billion. 3D Systems Corp. has a 52 week low of $6.00 and a 52 week high of $19.76. The company’s 50-day moving average is $15.25 and its 200 day moving average is $14.49.

3D Systems Corp. (NYSE:DDD) last issued its quarterly earnings results on Thursday, November 3rd. The 3D printing company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. 3D Systems Corp. had a negative net margin of 98.40% and a positive return on equity of 4.14%. The firm had revenue of $156.36 million for the quarter, compared to analysts’ expectations of $160.16 million. During the same period in the previous year, the business earned $0.01 earnings per share. 3D Systems Corp.’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts forecast that 3D Systems Corp. will post $0.43 earnings per share for the current year.

DDD has been the topic of several recent research reports. Vetr raised shares of 3D Systems Corp. from a “sell” rating to a “buy” rating and set a $17.50 target price on the stock in a research note on Monday, September 26th. Bank of America Corp. set a $25.00 price target on shares of 3D Systems Corp. and gave the stock a “buy” rating in a report on Tuesday, September 13th. Zacks Investment Research cut shares of 3D Systems Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 4th. Canaccord Genuity reiterated a “hold” rating and set a $14.00 price target on shares of 3D Systems Corp. in a report on Tuesday, September 13th. Finally, Jefferies Group reiterated a “hold” rating and set a $15.00 price target on shares of 3D Systems Corp. in a report on Tuesday, September 13th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.61.

3D Systems Corp. Company Profile

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) products and services, including 3D printers, print materials, parts services and digital design and manufacturing tools. Its ecosystem supports applications from the product design shop to the factory floor to the operating room.

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