Sumitomo Mitsui Trust Group Inc. Trims Stake in 3D Systems Co. (NYSE:DDD)

Sumitomo Mitsui Trust Group Inc. trimmed its stake in 3D Systems Co. (NYSE:DDD) by 19.5% in the 4th quarter, HoldingsChannel reports. The firm owned 799,083 shares of the 3D printing company’s stock after selling 194,062 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in 3D Systems were worth $2,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC increased its stake in 3D Systems by 23.8% in the 3rd quarter. SG Americas Securities LLC now owns 45,617 shares of the 3D printing company’s stock worth $130,000 after buying an additional 8,769 shares in the last quarter. Inspire Investing LLC increased its stake in 3D Systems by 33.7% in the 3rd quarter. Inspire Investing LLC now owns 15,138 shares of the 3D printing company’s stock worth $43,000 after buying an additional 3,818 shares in the last quarter. Creative Planning purchased a new stake in 3D Systems in the 3rd quarter worth $43,000. Inspire Advisors LLC increased its stake in 3D Systems by 40.1% in the 3rd quarter. Inspire Advisors LLC now owns 65,808 shares of the 3D printing company’s stock worth $187,000 after buying an additional 18,848 shares in the last quarter. Finally, Wealth Effects LLC increased its stake in 3D Systems by 44.7% in the 3rd quarter. Wealth Effects LLC now owns 329,820 shares of the 3D printing company’s stock worth $937,000 after buying an additional 101,920 shares in the last quarter. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at 3D Systems

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a report on Saturday, February 1st. Finally, Craig Hallum raised shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Up 9.0 %

DDD opened at $4.67 on Friday. The firm has a 50-day simple moving average of $3.60 and a two-hundred day simple moving average of $3.09. 3D Systems Co. has a 52 week low of $1.72 and a 52 week high of $5.75. The company has a market capitalization of $632.67 million, a PE ratio of -1.17 and a beta of 1.63. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. Analysts forecast that 3D Systems Co. will post -0.73 earnings per share for the current fiscal year.

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.