State Street Corp Lowers Holdings in 3D Systems Co. (NYSE:DDD)

State Street Corp trimmed its stake in shares of 3D Systems Co. (NYSE:DDD) by 24.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,813,593 shares of the 3D printing company’s stock after selling 1,882,754 shares during the period. State Street Corp owned about 4.35% of 3D Systems worth $16,511,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Susquehanna Fundamental Investments LLC purchased a new stake in shares of 3D Systems during the 2nd quarter worth about $824,000. Silverberg Bernstein Capital Management LLC raised its holdings in 3D Systems by 32.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock worth $3,475,000 after purchasing an additional 302,484 shares during the period. ARK Investment Management LLC boosted its position in 3D Systems by 26.0% during the third quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock worth $11,015,000 after purchasing an additional 799,157 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in 3D Systems in the third quarter valued at approximately $170,000. Finally, Texas Permanent School Fund Corp increased its position in shares of 3D Systems by 28.8% in the second quarter. Texas Permanent School Fund Corp now owns 149,029 shares of the 3D printing company’s stock valued at $458,000 after buying an additional 33,318 shares in the last quarter. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DDD. Cantor Fitzgerald dropped their price target on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research note on Friday, August 30th. StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Loop Capital reduced their price target on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Lake Street Capital lowered their price objective on 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Craig Hallum raised 3D Systems to a “hold” rating in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.25.

3D Systems Stock Performance

NYSE:DDD opened at $3.56 on Wednesday. The company has a market cap of $482.81 million, a P/E ratio of -0.89 and a beta of 1.64. 3D Systems Co. has a twelve month low of $1.72 and a twelve month high of $6.85. The company’s 50-day moving average price is $3.23 and its 200-day moving average price is $3.07. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97.

Insider Buying and Selling at 3D Systems

In other 3D Systems news, EVP Charles W. Hull sold 115,971 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total value of $447,648.06. Following the completion of the sale, the executive vice president now directly owns 331,955 shares in the company, valued at $1,281,346.30. This represents a 25.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Graves purchased 60,000 shares of 3D Systems stock in a transaction dated Tuesday, December 17th. The shares were bought at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the acquisition, the chief executive officer now owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. This trade represents a 5.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is owned by insiders.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.