California State Teachers Retirement System Reduces Position in 3D Systems Co. (NYSE:DDD)

California State Teachers Retirement System lessened its holdings in shares of 3D Systems Co. (NYSE:DDD) by 92.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,232 shares of the 3D printing company’s stock after selling 116,465 shares during the period. California State Teachers Retirement System’s holdings in 3D Systems were worth $30,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of DDD. Cibc World Markets Corp purchased a new stake in shares of 3D Systems in the fourth quarter valued at approximately $39,000. Boothbay Fund Management LLC purchased a new stake in shares of 3D Systems during the 4th quarter valued at $44,000. Canada Pension Plan Investment Board boosted its position in shares of 3D Systems by 67.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company’s stock worth $46,000 after purchasing an additional 5,700 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of 3D Systems during the fourth quarter worth about $52,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in 3D Systems by 15.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 16,779 shares of the 3D printing company’s stock valued at $55,000 after purchasing an additional 2,279 shares in the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

Analyst Ratings Changes

DDD has been the topic of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Wednesday, May 14th. Cantor Fitzgerald lowered their price target on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research report on Wednesday. Finally, Wall Street Zen upgraded 3D Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $3.67.

3D Systems Trading Down 5.7%

Shares of DDD opened at $1.74 on Friday. The firm’s fifty day moving average is $1.85 and its two-hundred day moving average is $2.81. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The stock has a market cap of $236.68 million, a PE ratio of -0.44 and a beta of 1.89. 3D Systems Co. has a 52-week low of $1.48 and a 52-week high of $5.00.

3D Systems 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.