Geode Capital Management LLC Trims Stock Position in 3D Systems Co. (NYSE:DDD)

Geode Capital Management LLC decreased its position in shares of 3D Systems Co. (NYSE:DDD) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,985,227 shares of the 3D printing company’s stock after selling 21,804 shares during the quarter. Geode Capital Management LLC’s holdings in 3D Systems were worth $9,794,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in DDD. ARK Investment Management LLC boosted its position in shares of 3D Systems by 13.8% in the 4th quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock valued at $14,478,000 after purchasing an additional 535,287 shares during the period. JPMorgan Chase & Co. lifted its stake in 3D Systems by 446.6% in the fourth quarter. JPMorgan Chase & Co. now owns 308,015 shares of the 3D printing company’s stock valued at $1,010,000 after buying an additional 251,661 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of 3D Systems by 17.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company’s stock valued at $3,913,000 after acquiring an additional 178,102 shares during the period. Barclays PLC grew its position in shares of 3D Systems by 260.1% during the third quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock worth $589,000 after acquiring an additional 149,793 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in shares of 3D Systems by 822.7% in the 4th quarter. Inspire Investing LLC now owns 139,685 shares of the 3D printing company’s stock valued at $458,000 after acquiring an additional 124,547 shares during the period. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Stock Up 2.0 %

Shares of NYSE:DDD opened at $1.83 on Thursday. The company has a market cap of $247.36 million, a price-to-earnings ratio of -0.46 and a beta of 1.81. 3D Systems Co. has a fifty-two week low of $1.71 and a fifty-two week high of $5.00. The firm’s 50-day simple moving average is $2.68 and its 200-day simple moving average is $3.14. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97.

Analyst Upgrades and Downgrades

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

3D Systems Company 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.