Arizona State Retirement System Acquires 1,343 Shares of 3D Systems Co. (NYSE:DDD)

Arizona State Retirement System increased its position in 3D Systems Co. (NYSE:DDD – Get Rating) by 3.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 36,762 shares of the 3D printing company’s stock after acquiring an additional 1,343 shares during the quarter. Arizona State Retirement System’s holdings in 3D Systems were worth $272,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in 3D Systems in the 1st quarter worth about $30,000. Pacer Advisors Inc. grew its holdings in 3D Systems by 32.5% during the 4th quarter. Pacer Advisors Inc. now owns 6,794 shares of the 3D printing company’s stock valued at $50,000 after buying an additional 1,666 shares in the last quarter. FMR LLC grew its holdings in 3D Systems by 15.9% during the 2nd quarter. FMR LLC now owns 9,246 shares of the 3D printing company’s stock valued at $90,000 after buying an additional 1,265 shares in the last quarter. Inspire Advisors LLC purchased a new position in 3D Systems during the 4th quarter valued at about $76,000. Finally, Profund Advisors LLC purchased a new position in 3D Systems during the 4th quarter valued at about $76,000. Hedge funds and other institutional investors own 67.32% of the company’s stock.

3D Systems Stock Performance

Shares of DDD opened at $8.55 on Wednesday. The company has a market cap of $1.12 billion, a PE ratio of -8.64 and a beta of 1.75. The company has a current ratio of 5.26, a quick ratio of 4.30 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $9.34 and a 200-day moving average price of $9.51. 3D Systems Co. has a 12-month low of $7.02 and a 12-month high of $13.52.

3D Systems (NYSE:DDD – Get Rating) last released its earnings results on Tuesday, February 28th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The firm had revenue of $132.73 million during the quarter, compared to the consensus estimate of $132.34 million. 3D Systems had a negative return on equity of 11.82% and a negative net margin of 23.82%. As a group, equities analysts forecast that 3D Systems Co. will post -0.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Malissia Clinton sold 8,685 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $8.58, for a total value of $74,517.30. Following the completion of the sale, the director now owns 62,785 shares in the company, valued at approximately $538,695.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DDD shares. Credit Suisse Group reaffirmed an “underperform” rating and set a $7.00 target price on shares of 3D Systems in a report on Thursday, March 2nd. StockNews.com started coverage on 3D Systems in a report on Thursday, May 18th. They set a “sell” rating for the company.

3D Systems Profile

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3D Systems Corp. is a holding company, which engages in the provision of comprehensive three-dimensional printing solutions. It offers a comprehensive range of 3D printers, materials, software, haptic design tools, 3D scanners, and virtual surgical simulators. The company was founded by Charles W. Hull in 1986 and is headquartered in Rock Hill, SC.