Sumitomo Mitsui Trust Group Inc. Increases Stock Position in 3D Systems Corporation (NYSE:DDD)

Sumitomo Mitsui Trust Group Inc. increased its position in 3D Systems Corporation (NYSE:DDD) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 814,994 shares of the 3D printing company’s stock after purchasing an additional 15,911 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.60% of 3D Systems worth $1,728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DDD. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in 3D Systems by 15.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 16,779 shares of the 3D printing company’s stock valued at $55,000 after acquiring an additional 2,279 shares during the last quarter. Cetera Investment Advisers boosted its stake in 3D Systems by 2.3% during the 4th quarter. Cetera Investment Advisers now owns 127,106 shares of the 3D printing company’s stock valued at $417,000 after acquiring an additional 2,887 shares during the last quarter. Rhumbline Advisers boosted its stake in 3D Systems by 2.2% during the 4th quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company’s stock valued at $680,000 after acquiring an additional 4,451 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in 3D Systems by 67.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company’s stock valued at $46,000 after acquiring an additional 5,700 shares during the last quarter. Finally, Inspire Advisors LLC boosted its stake in 3D Systems by 10.5% during the 4th quarter. Inspire Advisors LLC now owns 72,725 shares of the 3D printing company’s stock valued at $239,000 after acquiring an additional 6,917 shares during the last quarter. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

3D Systems Trading Up 3.3%

3D Systems stock opened at $1.71 on Friday. The firm’s 50-day moving average is $1.74 and its 200-day moving average is $2.63. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.96 and a current ratio of 2.79. 3D Systems Corporation has a 1 year low of $1.32 and a 1 year high of $5.00. The company has a market cap of $232.58 million, a P/E ratio of -0.82 and a beta of 1.87.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DDD shares. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Wednesday, May 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of 3D Systems in a research note on Friday, June 27th. Cantor Fitzgerald reduced their price target on shares of 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, Wall Street Zen upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, 3D Systems currently has an average rating of “Hold” and an average 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.