Bank of New York Mellon Corp Purchases Shares of 404,410 3D Systems Corporation $DDD

Key Points

• Bank of New York Mellon acquired 404,410 shares of 3D Systems in the second quarter, valued at approximately $1.22 million and representing about 0.24% of the company.
• Institutional ownership stands at 64.49%, with several funds—including Nuveen, State Street, Marshall Wace, and Penn Capital—substantially increasing their positions.
• Analyst sentiment is mixed: Craig Hallum upgraded the stock to “buy,” while Weiss Ratings downgraded it to “sell.” 3D Systems reported quarterly revenue of $94.6 million and an EPS loss of $0.04, beating expectations.

Bank of New York Mellon Corp acquired a new position in shares of 3D Systems Corporation (NYSE:DDD - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 404,410 shares of the 3D printing company's stock, valued at approximately $1,221,000. Bank of New York Mellon Corp owned about 0.24% of 3D Systems at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nuveen LLC boosted its stake in shares of 3D Systems by 406.4% during the 4th quarter. Nuveen LLC now owns 2,704,430 shares of the 3D printing company's stock worth $4,787,000 after acquiring an additional 2,170,415 shares during the period. State Street Corp increased its holdings in shares of 3D Systems by 15.9% in the fourth quarter. State Street Corp now owns 11,359,707 shares of the 3D printing company's stock valued at $20,107,000 after purchasing an additional 1,556,321 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of 3D Systems by 596.7% during the 4th quarter. Marshall Wace LLP now owns 1,799,804 shares of the 3D printing company's stock worth $3,186,000 after buying an additional 1,541,475 shares during the last quarter. Penn Capital Management Company LLC boosted its holdings in shares of 3D Systems by 992.1% during the 4th quarter. Penn Capital Management Company LLC now owns 1,292,379 shares of the 3D printing company's stock worth $2,288,000 after buying an additional 1,174,038 shares during the period. Finally, Archon Capital Management LLC acquired a new position in 3D Systems in the 4th quarter valued at about $1,726,000. 64.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DDD. Cantor Fitzgerald restated an "overweight" rating and set a $5.00 price objective on shares of 3D Systems in a research report on Wednesday, May 13th. Craig Hallum raised 3D Systems from a "hold" rating to a "buy" rating and set a $6.00 target price for the company in a report on Tuesday, August 4th. Finally, Weiss Ratings downgraded shares of 3D Systems from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, 3D Systems has an average rating of "Hold" and a consensus target price of $5.50.

Insider Buying and Selling

In other 3D Systems news, CEO Jeffrey Graves sold 115,500 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $3.26, for a total transaction of $376,530.00. Following the completion of the transaction, the chief executive officer owned 1,314,241 shares of the company's stock, valued at approximately $4,284,425.66. The trade was a 8.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.99% of the stock is currently owned by corporate insiders.

3D Systems Price Performance

Shares of NYSE DDD opened at $3.39 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.40 and a quick ratio of 2.27. 3D Systems Corporation has a fifty-two week low of $1.70 and a fifty-two week high of $4.12. The stock has a market capitalization of $563.25 million, a PE ratio of -8.27 and a beta of 2.75. The business has a fifty day moving average price of $3.14 and a two-hundred day moving average price of $2.76.

3D Systems (NYSE:DDD - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. The firm had revenue of $94.60 million for the quarter, compared to the consensus estimate of $94.01 million. 3D Systems had a negative net margin of 14.15% and a negative return on equity of 19.56%. As a group, equities analysts predict that 3D Systems Corporation will post -0.23 earnings per share for the current fiscal year.

3D Systems Profile

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company's hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.

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