According to BAML analyst Wamsi Mohan, the main reason for reducing his price target for 3D Systems Corporation (NYSE:DDD) is because of lower confidence on its long-term model. Mohan said the latest 10-K filing of 3D Systems Corporation (NYSE:DDD) showed that its 3D printer mix is gravitating with lower ASP printers to increase sales volume. 3D Systems Corporation (NYSE:DDD) stock opened at $60.24 in last session, and closed at $61.58, while the day range of DDD stock is $59.25-$62.15.The stock showed a negative weekly performance of -13.63%.
On March 6, 2014, Logitech International SA (USA) (NASDAQ:LOGI) announced that its Board of Directors has approved a new share buyback program, which authorizes the Company to invest up to $250 million to purchase its own shares, subject to the approval of the Swiss Takeover Board. The Company stated that Logitech’s share buyback program is intended to create shareholder value by making opportunistic repurchases during periods of favorable market conditions and is expected to be completed in three years. Logitech states that shares may be repurchased from time to time on the open market, through block trades or otherwise. The Company added that in a separate announcement on the same day, it confirmed its full-year FY2014 financial outlook at the high end of the range provided in January 2014, raised its financial outlook for full-year FY 2015, and provided a long-term financial model. Logitech International SA (USA) (NASDAQ:LOGI) stock opened at $16.05, in last session and closed at $16.05, by loosed -1.65%. The 52 week range was $6.24-$16.88.Company’s market capitalization is $2.59 billion.
Stratasys Ltd. (Nasdaq:SSYS) announced the appointment of Gilad Gans as President of its North American operations. Gilad will oversee Stratasys’ North American sales and field operations, and its expansion efforts across the region. He will transition from his role as Executive Vice President of Global Field Operations during the first 6 months of the year. Stratasys has seen strong interest and demand for all its offerings across North America and is committed to address this growing demand. Stratasys, Ltd. (NASDAQ:SSYS) stock gained 1.36% and finished the last session at $114.64. The EPS of the stock remained -0.68. Company’s market capitalization is $5.57 billion.
Immersion Corporation (NASDAQ:IMMR) Director John Fichthorn unloaded 111,389 shares of Immersion Corp. stock on the open market in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $10.62, for a total value of $1,182,951.18. Immersion Corporation (NASDAQ:IMMR) stock opened the session at $10.33, and closed the session at $10.23. The 52 week range of the IMMR stock remained $9.59-$16.73 and the day range was $10.12-$10.39.