In this article, we will be looking at the 5 best 3D printing stocks to buy. If you wish to see our detailed analysis on these stocks, you can go directly to the 10 Best 3D Printing Stocks to Buy.
5. Desktop Metal, Inc. (NYSE:DM)
Number of Hedge Fund Holders: 27
Desktop Metal, Inc. (NYSE:DM) is a public technology company that designs 3D printing systems and works with additive manufacturing solutions for engineers, designers, and manufacturers throughout the globe. The company ranks fifth on our list of the 10 best 3D printing stocks to buy.
This September, Desktop Metal, Inc. (NYSE:DM) announced its acquisition of Aidro, a company involved in the volume production of next-generation hydraulic and fluid power systems through metal additive manufacturing across a wide range of industries, including industrial machinery and aerospace. In the second quarter of 2021, Desktop Metal, Inc. (NYSE:DM) reported earnings per share at -$0.08, in-line with the estimates. The revenue for the quarter stood at $18.98 million.
By the end of the second quarter of 2021, 27 hedge funds out of the 873 tracked by Insider Monkey held stakes in Desktop Metal, Inc. (NYSE:DM). The total value of their stakes came up to roughly $177.7 million. This is compared to 20 hedge fund holders in the previous quarter with a total stake value of about $216 million.
On October 7, Oppenheimer analyst Martin Yang initiated coverage of Desktop Metal, Inc. (NYSE:DM) with a Perform rating.
4. HP Inc. (NYSE:HPQ)
Number of Hedge Fund Holders: 39
HP Inc. (NYSE:HPQ), also known as the Hewlett-Packard Company, is a multinational technology company that provides personal computing and other access devices, imaging, and printing products. Since its first foray into 3D printing back in 2016, the company has launched multiple polymer 3D printing systems and, more recently, introduced Metal Jet technology. The company ranks fourth on our list of the 10 best 3D printing stocks to buy.
On August 9, Jefferies analyst Kyle McNealy initiated coverage of HP Inc. (NYSE:HPQ) with a Hold rating and $31 price target on the company’s shares.
As of the fiscal third quarter of 2021, HP Inc. (NYSE: HPQ) had an EPS of $1, beating estimates by $0.16. The company’s revenue was $15.29 billion, up 6.96% year over year, yet fell short of the estimates by $626.38 million. HP Inc. (NYSE: HPQ) has gained 21.94% year to date and 50.38% in the past year.
Boston-based Arrowstreet Capital is one of the biggest stakeholders of HP Inc. (NYSE:DPQ) as of the end of the second quarter, according to the data tracked by Insider Monkey. Overall, 39 funds were bullish on HP Inc. (NYSE:HPQ) by the end of the June quarter, compared to 43 in the preceding quarter.
3. ANSYS, Inc. (NASDAQ:ANSS)
Number of Hedge Fund Holders: 46
ANSYS, Inc. (NASDAQ:ANSS) is a software company based in Pennsylvania, involved in the development and marketing of Multiphysics engineering simulation solutions. Through its Ansys Additive Solutions software, the firm enables additive manufacturing designs, as well as simulations of the metal additive manufacturing process, thus reducing product development time. The company ranks third on our list of the 10 best 3D printing stocks to buy.
On August 6, Benchmark analyst Mark Schappel raised his price target on ANSYS, Inc. (NASDAQ:ANSS) to $415 from $370, and kept a Buy rating on the shares of the company following what he calls a “great” Q2.
The firm last issued its quarterly earnings report for the second quarter of 2021 on August 4, with reported earnings per share of $1.85, surpassing consensus estimates by $0.29. The company also reported revenues amounting to $452.55 million, beating forecast predictions by $19.21 million.
By the end of the second quarter of 2021, 46 hedge funds out of the 873 tracked by Insider Monkey held stakes in ANSYS, Inc. (NASDAQ:ANSS). The total value of their stakes came up to roughly $1.45 billion, an increase from 33 hedge fund holders in the previous quarter with a total stake value of about $1.5 billion.
Out of the hedge funds being tracked by Insider Monkey, London-based Impax Asset Management is a leading shareholder in ANSYS, Inc. (NASDAQ:ANSS), with over 738,492 shares worth more than $256 million.
Baron Growth Fund, in its Q1 2021 investor letter, mentioned ANSYS, Inc. (NASDAQ:ANSS), and shared their insights on the company. Here is what the fund 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.”
2. Raytheon Technologies Corporation (NYSE:RTX)
Number of Hedge Fund Holders: 53
Raytheon Technologies Corporation (NYSE:RTX) is a Massachusetts-based aerospace and defense company. Having experimented with 3D printing technology for some years now, the company unveiled the world’s first 3D printed guided missile back in August of 2020. Ranked second on our list of the 10 best 3D printing stocks to buy, Raytheon Technologies Corporation (NYSE:RTX) has a market capitalization of $134.58 billion.
At the end of the second quarter of 2021, 53 hedge funds in the database of Insider Monkey held stakes worth $2.1 billion in Raytheon Technologies Corporation (NYSE:RTX), down from 58 in the preceding quarter worth $2.4 billion. Ken Fisher of Fisher Asset Management is a leading shareholder of the company.
On August 11, investment advisory Morgan Stanley reiterated an Overweight rating on Raytheon Technologies Corporation (NYSE:RTX) stock and raised the price target to $110 from $97.
According to the company’s earnings report for the second quarter of 2021, issued on July 27, Raytheon Technologies Corporation (NYSE:RTX) had an EPS of $1.03, crossing market estimates by $0.10. Additionally, the company’s revenue for the quarter was $15.88 billion, surpassing consensus predictions by $46.81 million.
In the Q2 2021 investor letter of ClearBridge Investments, the fund mentioned Raytheon Technologies Corporation (NYSE:RTX). Here is what the fund said:
“Broader market leadership was a relative benefit for the ClearBridge Large Cap Value Strategy, which outperformed the Russell 1000 Value Index in the second quarter… Separately, Raytheon Technologies benefited from an improving health outlook that is contributing to a faster than anticipated recovery in air travel, which should drive stronger results for Raytheon’s commercial aerospace business.”
1. Autodesk, Inc. (NASDAQ:ADSK)
Number of Hedge Fund Holders: 64
Autodesk, Inc. (NASDAQ:ADSK) comes in at first on our list of 10 best 3D printing stocks to buy. The California-based company markets 3D design, engineering, and entertainment software and services. According to the data stored by Insider Monkey, New York-based investment firm Cantillon Capital Management is one of the biggest shareholders in Autodesk, Inc. (NASDAQ:ADSK), with over 1.2 million shares worth more than $355.4 million.
On September 2, investment advisory Rosenblatt maintained a Buy rating on Autodesk, Inc. (NASDAQ:ADSK) stock with a price target of $355 on the company’s shares.
At the end of the second quarter of 2021, 64 hedge funds in the database of Insider Monkey held stakes worth $3.2 billion in Autodesk, Inc. (NASDAQ:ADSK), down from 66 the preceding quarter worth $3 billion.
For the fiscal second quarter of 2022, Autodesk, Inc. (NASDAQ:ADSK) reported earnings per share of $1.21, beating estimates by $0.09. The company’s revenue was $1.06 billion, an increase of 16.06% on a year-over-year basis, beating estimates by $5.35 million.
You can also take a look at 10 Best Stocks for Beginners with Little Money and 15 Most Valuable Technology Companies in the World.
