3D Systems Co. (NYSE:DDD) Stake Increased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its stake in 3D Systems Co. (NYSE:DDD) by 28.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,680 shares of the 3D printing company’s stock after buying an additional 37,976 shares during the period. Price T Rowe Associates Inc. MD’s holdings in 3D Systems were worth $570,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its stake in 3D Systems by 260.1% during the third quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock valued at $589,000 after purchasing an additional 149,793 shares during the last quarter. Silverberg Bernstein Capital Management LLC increased its stake in 3D Systems by 8.2% during the fourth quarter. Silverberg Bernstein Capital Management LLC now owns 1,323,709 shares of the 3D printing company’s stock valued at $4,342,000 after purchasing an additional 99,950 shares during the last quarter. SG Americas Securities LLC increased its stake in 3D Systems by 19.5% during the fourth quarter. SG Americas Securities LLC now owns 54,530 shares of the 3D printing company’s stock valued at $179,000 after purchasing an additional 8,913 shares during the last quarter. Inspire Investing LLC increased its stake in 3D Systems by 822.7% during the fourth quarter. Inspire Investing LLC now owns 139,685 shares of the 3D printing company’s stock valued at $458,000 after purchasing an additional 124,547 shares during the last quarter. Finally, Impact Partnership Wealth LLC increased its stake in 3D Systems by 31.3% during the fourth quarter. Impact Partnership Wealth LLC now owns 27,772 shares of the 3D printing company’s stock valued at $91,000 after purchasing an additional 6,615 shares during the last quarter. Institutional investors own 64.49% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on DDD shares. Cantor Fitzgerald lowered their target price on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a report on Saturday. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a report on Friday, March 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, 3D Systems currently has a consensus rating of “Hold” and an average target price of $3.67.

3D Systems Stock Performance

Shares of DDD opened at $1.87 on Wednesday. 3D Systems Co. has a 1 year low of $1.71 and a 1 year high of $5.00. The company has a market cap of $253.47 million, a price-to-earnings ratio of -0.47 and a beta of 1.94. 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 has a fifty day moving average of $2.19 and a 200-day moving average of $3.05.

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.