Inspire Investing LLC Boosts Stock Holdings in 3D Systems Corporation $DDD

Key Points

• Inspire Investing LLC increased its holdings in 3D Systems Corporation by 56.8% during the second quarter, acquiring an additional 92,185 shares, bringing its total to 254,340 shares valued at approximately $392,000.
• Several large institutional investors also modified their positions in 3D Systems, with notable increases from Silverberg Bernstein Capital Management (up 33.0%) and Royal Bank of Canada (up 7.7%).
• 3D Systems shares experienced a 7.8% increase, opening at $3.12, as analysts maintain a consensus rating of "Hold" with a price target of $5.00.

Inspire Investing LLC increased its position in 3D Systems Corporation (NYSE:DDD - Free Report) by 56.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 254,340 shares of the 3D printing company's stock after acquiring an additional 92,185 shares during the quarter. Inspire Investing LLC owned about 0.19% of 3D Systems worth $392,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Silverberg Bernstein Capital Management LLC boosted its position in shares of 3D Systems by 33.0% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 2,040,660 shares of the 3D printing company's stock valued at $3,143,000 after acquiring an additional 506,139 shares during the period. Nuveen LLC bought a new position in shares of 3D Systems in the first quarter valued at approximately $3,528,000. Royal Bank of Canada lifted its position in 3D Systems by 7.7% during the first quarter. Royal Bank of Canada now owns 1,529,217 shares of the 3D printing company's stock valued at $3,242,000 after purchasing an additional 109,467 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in 3D Systems by 2.0% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 814,994 shares of the 3D printing company's stock valued at $1,728,000 after purchasing an additional 15,911 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. lifted its position in 3D Systems by 2.0% during the first quarter. Nikko Asset Management Americas Inc. now owns 814,994 shares of the 3D printing company's stock valued at $1,728,000 after purchasing an additional 15,911 shares during the last quarter. 64.49% of the stock is currently owned by institutional investors.

3D Systems Trading Up 7.8%

Shares of DDD opened at $3.12 on Tuesday. The firm has a market cap of $399.50 million, a price-to-earnings ratio of -2.38 and a beta of 2.11. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.82 and a current ratio of 2.76. 3D Systems Corporation has a fifty-two week low of $1.32 and a fifty-two week high of $5.00. The firm has a 50 day moving average price of $2.41 and a 200-day moving average price of $2.00.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DDD shares. Zacks Research upgraded shares of 3D Systems to a "hold" rating in a research report on Tuesday, August 12th. Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, 3D Systems has a consensus rating of "Hold" and a consensus price target of $5.00.

3D Systems Company Profile

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.

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