3D Systems Co. (NYSE:DDD) Shares Sold by LPL Financial LLC

LPL Financial LLC trimmed its holdings in shares of 3D Systems Co. (NYSE:DDD) by 13.3% in the fourth quarter, Holdings Channel reports. The firm owned 429,392 shares of the 3D printing company’s stock after selling 66,057 shares during the period. LPL Financial LLC’s holdings in 3D Systems were worth $1,408,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. HighTower Advisors LLC acquired a new stake in shares of 3D Systems during the third quarter worth about $31,000. Blue Trust Inc. grew its holdings in shares of 3D Systems by 411.6% during the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after purchasing an additional 8,050 shares during the last quarter. Cibc World Markets Corp acquired a new position in 3D Systems during the fourth quarter worth approximately $39,000. Wealthfront Advisers LLC purchased a new stake in 3D Systems in the 4th quarter valued at $57,000. Finally, Pacer Advisors Inc. increased its position in 3D Systems by 104.5% in the 4th quarter. Pacer Advisors Inc. now owns 18,465 shares of the 3D printing company’s stock valued at $61,000 after acquiring an additional 9,434 shares during the period. 64.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a report on Tuesday, April 8th. Cantor Fitzgerald lowered their target price on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research note on Friday, March 28th. Finally, StockNews.com lowered shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $3.67.

3D Systems Trading Down 3.7 %

Shares of DDD opened at $1.86 on Friday. The stock has a market cap of $251.83 million, a PE ratio of -0.47 and a beta of 1.81. The stock’s 50-day moving average is $2.89 and its two-hundred day moving average is $3.16. 3D Systems Co. has a 12 month low of $1.72 and a 12 month high of $5.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34.

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.