In this article, we will be looking at the 5 3D printing stocks hedge funds like. If you wish to see our detailed analysis on the 3D printing industry, you can go directly to the 9 3D Printing Stocks Hedge Funds Like.
5. 3D Systems Corporation (NYSE:DDD)
Number of Hedge Funds: 18
3D Systems Corporation (NYSE:DDD) is a South Carolina-based company offering 3D printers, printing materials, scanners. The company operates from 25 different offices worldwide.
3D Systems (NYSE:DDD) in Q3 posted non-GAAP EPS of $0.08, beating estimates by $0.03. Revenue jumped 14% on a year-over-year basis. On a non-GAAP basis the company expects 2021 gross profit margins to be between 41% and 43%.
Out of 867 hedge funds being tracked by Insider Monkey, 18 hold shares worth $284.76 million in 3D Systems Corporation (NYSE:DDD). Furthermore, Cathie Wood of ARK Investments bought 2.03 million additional shares of the company on November 11.
4. Stratasys Ltd. (NASDAQ:SSYS)
Number of Hedge Funds: 21
Stratasys Ltd. (NASDAQ:SSYS) is an Israeli-American digital printing company incorporated in Israel. The company focuses on the manufacture of 3D printers and productions mainly for office-based rapid prototyping and direct digital manufacturing solutions.
On November 8, Loop Capital analyst Ananda Baruah raised the price target on Stratasys Ltd. (NASDAQ:SSYS) from $19 to $35 and kept a hold rating on the company’s shares.
According to the Insider Monkey database, Cathie Wood’s ARK Investments holds the biggest stake in the company with 7.23 million shares worth $155.6 million representing 0.37% of the fund’s portfolio.
The investment management firm Alger mentioned Stratasys Ltd. (NASDAQ:SSYS) in their first-quarter 2021 investor letter. Here is what the firm said:
“Short position Stratasys also contributed to performance. Stratasys is one of the larger 3D printing companies. While additive manufacturing (3D printing) is a revolutionary concept, it has only seen its primary adoption for manufacturing prototypes and test parts, not high-volume end-use parts. Unfortunately for incumbents like Stratasys, additive manufacturing has continued to attract capital and dozens of new entrants have emerged with new technologies targeting specific applications. Industry pioneers like Stratasys have seen key patents expire and have lost market share to new competition. As a result of these factors, Stratasys has not grown for five years. Some industry participants believe that Stratasys’ plastic extrusion technology is simply too slow to be an acceptable solution for higher volume manufacturing. The short position contributed to portfolio returns when Stratasys’ shares declined due to year-over-year revenue contraction, continuing market share losses, a talent exodus, the issuance of new shares via a secondary offering, and no significant progress on developing new opportunities in promising additive verticals like metal and dental.”
3. HP Inc. (NYSE:HPQ)
Number of Hedge Funds: 34
HP Inc. (NYSE:HPQ) is an American information technology company and is the world’s second-largest computer vendor. As of 2021, the company is ranked at 56 among the Fortune 500 companies. HP Inc. (NYSE:HPQ) started its 3D printing solutions operations in 2016; before that the company primarily focused on personal computers and printers.
On November 24, Evercore ISI analyst Amit Daryanani raised the company’s price target from $35 to $40 and kept an Outperform rating on its shares.
In December, the stock surged to its 52-week high. The company posted strong third-quarter results that surpassed expectations, and showed growing strength in the company’s PC sales.
2. ANSYS, Inc. (NASDAQ:ANSS)
Number of Hedge Funds: 38
ANSYS, Inc. (NASDAQ:ANSS) is a Pennsylvania-based software company that focuses on multiphysics engineering software to customers across the world. The company entered the additive manufacturing market in 2017 after acquiring 3DSIM.
At the end of the third quarter of 2021, ANSYS, Inc. (NASDAQ:ANSS) had an EPS of $1.59 compared to $1.35 estimates.
As of the third quarter of 2021, among the hedge funds tracked by Insider Monkey, Impax Asset Management holds the largest stake in ANSYS, Inc. (NASDAQ:ANSS) with 770,859 million shares worth $262.4 million. In the third quarter, three of the four hedge funds that hold the highest position in ANSYS, Inc. (NASDAQ:ANSS) have increased their holding in the company.
ANSYS, Inc. (NASDAQ:ANSS) was mentioned by Baron Funds in their first-quarter investor letter: Here is what it said:
“ANSYS, Inc. is a leading provider of physics-based simulation software used to evaluate how products will perform under various scenarios. Shares fell amid a broader market correction in software valuations after a robust 2020. We retain conviction as ANSYS presented strong growth with large accounts and resiliency in its core business throughout 2020, supported by its diversified customer base and focus on secular growth initiatives.”
1. Autodesk, Inc. (NASDAQ:ADSK)
Number of Hedge Funds: 54
Autodesk, Inc. (NASDAQ:ADSK) is an American multi-national software, media & entertainment, manufacturing & industrial bioscience. Furthermore, the company also provides 3D imaging and printing tools around the globe.
At the end of the third quarter of 2021, the hedge funds that hold the most valuable stake in the company have been making additional purchases in Autodesk, Inc. (NASDAQ:ADSK) stock. Impax Asset Management, Citadel Investment Group, and Echo Street Capital Management have all made additional purchases in the company’s stock in the third quarter. The most valuable stakes in the company are held by Cantillon Capital Management with 1.2 million shares worth $341.67 million.
Polen Capital mentioned Autodesk, Inc. (NASDAQ:ADSK) in their third-quarter investor letter. Here are the contents of that letter:
“Shares of Autodesk have lagged recently due to expectations of short-term headwinds to free cash flow as the company transitions its billing structure to annual payments from multi-year up-front subscription payments. We view this as a transient issue and believe Autodesk’s attractive long-term growth profile remains in place.”
You can also take a look at 10 Penny Stocks to Buy in December and 10 Best Stocks to Buy for the Next 10 Years.
