Villere St Denis J & Co Lowered Stake in 3 (DDD) by $5.41 Million; As Align Technology (ALGN) Share Value Rose, Navellier & Associates Trimmed Its Holding


May 27, 2018 – By Ash

Villere St Denis J & Co Llc decreased its stake in 3 (DDD) by 13.65% based on its latest 2017Q4 regulatory filing with the SEC. Villere St Denis J & Co Llc sold 676,280 shares as the company’s stock rose 20.90% while stock markets declined. The institutional investor held 4.28 million shares of the prepackaged software company at the end of 2017Q4, valued at $36.95 million, down from 4.95M at the end of the previous reported quarter. Villere St Denis J & Co Llc who had been investing in 3 for a number of months, seems to be less bullish one the $1.37 billion market cap company. The stock decreased 1.64% or $0.2 during the last trading session, reaching $12.02. About 997,970 shares traded. 3D Systems Corporation (NYSE:DDD) has declined 19.11% since May 27, 2017 and is downtrending. It has underperformed by 30.66% the S&P500.

Louis Navellier decreased its stake in Align Technology Inc. (ALGN) by 13.32% based on its latest 2017Q4 regulatory filing with the SEC. Navellier & Associates Inc sold 7,320 shares as the company’s stock rose 11.29% while stock markets declined. The hedge fund run by Louis Navellier held 47,650 shares of the health care company at the end of 2017Q4, valued at $10.59 million, down from 54,970 at the end of the previous reported quarter. Navellier & Associates Inc who had been investing in Align Technology Inc. for a number of months, seems to be less bullish one the $25.53B market cap company. The stock increased 0.47% or $1.5 during the last trading session, reaching $318.54. About 1.13M shares traded or 16.56% up from the average. Align Technology, Inc. (NASDAQ:ALGN) has risen 117.77% since May 27, 2017 and is uptrending. It has outperformed by 106.22% the S&P500.

Among 19 analysts covering 3D Systems Corporation (NYSE:DDD), 2 have Buy rating, 6 Sell and 11 Hold. Therefore 11% are positive. 3D Systems Corporation had 68 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Equal Weight” rating by Pacific Crest given on Monday, August 10. On Tuesday, March 15 the stock rating was downgraded by Gabelli to “Hold”. Loop Capital Markets initiated the shares of DDD in report on Monday, July 24 with “Hold” rating. The stock of 3D Systems Corporation (NYSE:DDD) has “Hold” rating given on Tuesday, April 26 by Needham. The firm has “Underperform” rating given on Wednesday, November 1 by Bank of America. The company was maintained on Friday, March 16 by Susquehanna. The stock of 3D Systems Corporation (NYSE:DDD) earned “Hold” rating by Jefferies on Thursday, August 4. JP Morgan downgraded 3D Systems Corporation (NYSE:DDD) on Friday, February 9 to “Underweight” rating. The rating was maintained by Stifel Nicolaus on Friday, August 7 with “Hold”. On Friday, April 15 the stock rating was downgraded by Citigroup to “Sell”.

Analysts await 3D Systems Corporation (NYSE:DDD) to report earnings on August, 1. They expect $-0.06 earnings per share, up 14.29% or $0.01 from last year’s $-0.07 per share. After $-0.08 actual earnings per share reported by 3D Systems Corporation for the previous quarter, Wall Street now forecasts -25.00% EPS growth.

Since May 7, 2018, it had 1 buy, and 0 insider sales for $166,727 activity.

Villere St Denis J & Co Llc, which manages about $3.49B and $1.61 billion US Long portfolio, upped its stake in First Hawaiian Inc by 259,056 shares to 1.97M shares, valued at $57.48 million in 2017Q4, according to the filing. It also increased its holding in Pinnacle Foods Inc Del (NYSE:PF) by 21,000 shares in the quarter, for a total of 207,500 shares, and has risen its stake in Chevron Corp New (NYSE:CVX).

Investors sentiment decreased to 0.99 in 2017 Q4. Its down 0.42, from 1.41 in 2017Q3. It fall, as 34 investors sold DDD shares while 50 reduced holdings. 28 funds opened positions while 55 raised stakes. 71.68 million shares or 7.28% more from 66.82 million shares in 2017Q3 were reported. Janney Montgomery Scott Ltd Liability Corp holds 0.01% or 72,330 shares. State Treasurer State Of Michigan holds 40,900 shares or 0% of its portfolio. Bridgeway Management Inc invested 0.01% of its portfolio in 3D Systems Corporation (NYSE:DDD). Hightower Advisors Ltd Com holds 15,522 shares. Blue Bell Private Wealth Management Limited Liability holds 150 shares. Us National Bank De reported 3,450 shares. First Manhattan holds 0% of its portfolio in 3D Systems Corporation (NYSE:DDD) for 650 shares. Moreover, Hsbc Holdings Public Ltd Company has 0.01% invested in 3D Systems Corporation (NYSE:DDD) for 650,246 shares. Amundi Pioneer Asset has 10,000 shares for 0% of their portfolio. Capital Fund Mgmt Sa has 81,298 shares. Principal Financial Gp has 0% invested in 3D Systems Corporation (NYSE:DDD) for 485,923 shares. Texas Permanent School Fund holds 76,967 shares. New York-based Clearbridge Invests Llc has invested 0% in 3D Systems Corporation (NYSE:DDD). Kbc Grp Nv has 0.01% invested in 3D Systems Corporation (NYSE:DDD) for 130,406 shares. 693,162 were accumulated by Morgan Stanley.

More recent 3D Systems Corporation (NYSE:DDD) news were published by: Seekingalpha.com which released: “Seadrill: Why ‘Bean Counting’ Works” on May 21, 2018. Also 247Wallst.com published the news titled: “Fading Short Interest in 3D Printing Stocks” on May 25, 2018. Globenewswire.com‘s news article titled: “3D Systems Reports First Quarter 2018 Financial Results” with publication date: May 02, 2018 was also an interesting one.

Among 17 analysts covering Align Technology (NASDAQ:ALGN), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. Align Technology had 69 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Monday, May 21 with “Overweight”. The rating was upgraded by Bank of America on Friday, July 28 to “Buy”. Morgan Stanley maintained the stock with “Overweight” rating in Friday, October 6 report. As per Wednesday, May 31, the company rating was maintained by Jefferies. The firm earned “Buy” rating on Friday, April 6 by Credit Suisse. The stock has “Buy” rating by Leerink Swann on Monday, December 4. The firm has “Buy” rating by Piper Jaffray given on Friday, October 27. The firm earned “Buy” rating on Wednesday, January 31 by Jefferies. Stifel Nicolaus maintained it with “Buy” rating and $20000 target in Friday, July 28 report. The stock has “Buy” rating by Stifel Nicolaus on Friday, October 23.

Since February 2, 2018, it had 1 buying transaction, and 8 selling transactions for $52.33 million activity. Another trade for 27,492 shares valued at $7.25 million was sold by Wright Emory. Olson Jennifer had sold 4,063 shares worth $1.07 million on Monday, May 7. $20.73 million worth of Align Technology, Inc. (NASDAQ:ALGN) shares were sold by PRESCOTT THOMAS M. LARKIN C RAYMOND JR also sold $3.97M worth of Align Technology, Inc. (NASDAQ:ALGN) shares. The insider LACOB JOSEPH sold 20,000 shares worth $5.79 million. 4,440 shares valued at $1.33M were sold by Tay Julie on Monday, May 21.

Navellier & Associates Inc, which manages about $2.37 billion and $534.84 million US Long portfolio, upped its stake in Alibaba Group Holding (NYSE:BABA) by 2,401 shares to 6,561 shares, valued at $1.13M in 2017Q4, according to the filing. It also increased its holding in Avery Dennison Corp. (NYSE:AVY) by 21,573 shares in the quarter, for a total of 58,568 shares, and has risen its stake in Universal Display Corp. (NASDAQ:OLED).

Analysts await Align Technology, Inc. (NASDAQ:ALGN) to report earnings on July, 26. They expect $1.06 earnings per share, up 24.71% or $0.21 from last year’s $0.85 per share. ALGN’s profit will be $84.96M for 75.13 P/E if the $1.06 EPS becomes a reality. After $1.17 actual earnings per share reported by Align Technology, Inc. for the previous quarter, Wall Street now forecasts -9.40% negative EPS growth.

3D Systems Corporation (NYSE:DDD) Institutional Positions Chart

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