3D Systems Co. (NYSE:DDD) Stock Holdings Lessened by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its stake in 3D Systems Co. (NYSE:DDD) by 13.5% in the third quarter, Holdings Channel.com reports. The firm owned 1,015,005 shares of the 3D printing company’s stock after selling 159,028 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in 3D Systems were worth $2,883,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. ARK Investment Management LLC raised 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 valued at $11,015,000 after acquiring an additional 799,157 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of 3D Systems by 85.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock worth $2,692,000 after acquiring an additional 403,175 shares during the last quarter. Silverberg Bernstein Capital Management LLC grew its stake in shares of 3D Systems by 32.8% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock worth $3,475,000 after acquiring an additional 302,484 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of 3D Systems in the second quarter worth $824,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of 3D Systems by 13.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 993,145 shares of the 3D printing company’s stock worth $2,821,000 after acquiring an additional 116,158 shares during the last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.

3D Systems Price Performance

3D Systems stock opened at $3.97 on Monday. The firm has a market capitalization of $538.41 million, a P/E ratio of -1.00 and a beta of 1.64. 3D Systems Co. has a 1 year low of $1.72 and a 1 year high of $6.85. The business has a 50-day moving average of $3.14 and a 200-day moving average of $3.08. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97.

Analyst Ratings Changes

DDD has been the topic of a number of recent research reports. Loop Capital decreased their price target on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a report on Thursday. Lake Street Capital cut their price target on 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Cantor Fitzgerald cut their price target on 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.25.

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.