3D Systems Corporation $DDD Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its position in 3D Systems Corporation (NYSE:DDD) by 8.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,381 shares of the 3D printing company’s stock after selling 9,386 shares during the quarter. Deutsche Bank AG owned 0.07% of 3D Systems worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in 3D Systems by 24.1% during the 4th quarter. Wells Fargo & Company MN now owns 86,159 shares of the 3D printing company’s stock worth $283,000 after purchasing an additional 16,721 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of 3D Systems during the fourth quarter worth $318,000. Marshall Wace LLP acquired a new stake in shares of 3D Systems during the 4th quarter worth about $326,000. MetLife Investment Management LLC raised its position in shares of 3D Systems by 65.0% during the 4th quarter. MetLife Investment Management LLC now owns 75,799 shares of the 3D printing company’s stock worth $249,000 after acquiring an additional 29,852 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in 3D Systems by 28.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 173,680 shares of the 3D printing company’s stock worth $570,000 after purchasing an additional 37,976 shares during the last quarter. 64.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DDD has been the topic of a number of research reports. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Wednesday, May 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a report on Saturday. Wall Street Zen upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Zacks Research upgraded shares of 3D Systems to a “hold” rating in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, 3D Systems currently has a consensus rating of “Hold” and a consensus price target of $3.67.

3D Systems Price Performance

DDD stock opened at $2.31 on Friday. The stock’s 50 day moving average is $1.82 and its two-hundred day moving average is $2.15. The company has a market capitalization of $295.74 million, a PE ratio of -1.76 and a beta of 1.92. 3D Systems Corporation has a 52-week low of $1.32 and a 52-week high of $5.00. The company has a quick ratio of 1.82, a current ratio of 2.76 and a debt-to-equity ratio of 0.51.

About 3D Systems

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.