Nikko Asset Management Americas Inc. Has $2.62 Million Stock Holdings in 3D Systems Co. (NYSE:DDD)

Nikko Asset Management Americas Inc. trimmed its stake in 3D Systems Co. (NYSE:DDD) by 19.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 799,083 shares of the 3D printing company’s stock after selling 194,062 shares during the quarter. Nikko Asset Management Americas Inc. owned approximately 0.59% of 3D Systems worth $2,621,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DDD. Intech Investment Management LLC raised its holdings in shares of 3D Systems by 6.4% in the 3rd quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company’s stock valued at $149,000 after purchasing an additional 3,166 shares during the period. Rhumbline Advisers raised its stake in 3D Systems by 2.2% in the fourth quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company’s stock valued at $680,000 after buying an additional 4,451 shares during the period. BNP Paribas Financial Markets lifted its position in shares of 3D Systems by 14.4% in the third quarter. BNP Paribas Financial Markets now owns 46,778 shares of the 3D printing company’s stock valued at $133,000 after buying an additional 5,884 shares during the last quarter. Impact Partnership Wealth LLC boosted its stake in shares of 3D Systems by 31.3% during the 4th quarter. Impact Partnership Wealth LLC now owns 27,772 shares of the 3D printing company’s stock worth $91,000 after acquiring an additional 6,615 shares during the period. Finally, Inspire Advisors LLC increased its holdings in shares of 3D Systems by 10.5% during the 4th quarter. Inspire Advisors LLC now owns 72,725 shares of the 3D printing company’s stock worth $239,000 after acquiring an additional 6,917 shares during the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Price Performance

NYSE:DDD opened at $2.75 on Tuesday. 3D Systems Co. has a 52 week low of $1.72 and a 52 week high of $5.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The firm’s 50-day simple moving average is $3.60 and its 200 day simple moving average is $3.21. The firm has a market cap of $372.28 million, a price-to-earnings ratio of -0.69 and a beta of 1.63.

Analyst Ratings Changes

A number of equities analysts have commented on DDD shares. Craig Hallum raised shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a report on Friday, March 7th. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, 3D Systems currently 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.