3D Systems Co. (NYSE:DDD) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in 3D Systems Co. (NYSE:DDD) by 13.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 993,145 shares of the 3D printing company’s stock after buying an additional 116,158 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.74% of 3D Systems worth $2,821,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DDD. SG Americas Securities LLC acquired a new stake in 3D Systems in the 1st quarter worth about $234,000. Vanguard Group Inc. raised its holdings in shares of 3D Systems by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 14,217,779 shares of the 3D printing company’s stock worth $63,127,000 after purchasing an additional 98,797 shares during the period. Gabelli Funds LLC raised its holdings in shares of 3D Systems by 53.6% in the 1st quarter. Gabelli Funds LLC now owns 61,435 shares of the 3D printing company’s stock worth $273,000 after purchasing an additional 21,435 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of 3D Systems by 16.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 116,215 shares of the 3D printing company’s stock worth $516,000 after purchasing an additional 16,621 shares during the period. Finally, Ursa Fund Management LLC purchased a new position in shares of 3D Systems in the 1st quarter worth about $266,000. 64.49% of the stock is owned by institutional investors and hedge funds.

3D Systems Price Performance

Shares of NYSE DDD opened at $2.97 on Tuesday. 3D Systems Co. has a fifty-two week low of $1.72 and a fifty-two week high of $6.85. The business has a 50 day moving average price of $2.91 and a two-hundred day moving average price of $3.14. The company has a quick ratio of 2.42, a current ratio of 3.46 and a debt-to-equity ratio of 0.55. The firm has a market cap of $396.04 million, a PE ratio of -1.09 and a beta of 1.65.

3D Systems (NYSE:DDD) last issued its quarterly earnings data on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). 3D Systems had a negative net margin of 78.14% and a negative return on equity of 15.29%. The business had revenue of $113.25 million for the quarter, compared to analyst estimates of $125.15 million. Sell-side analysts expect that 3D Systems Co. will post -0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DDD shares. Cantor Fitzgerald cut their price objective on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a report on Friday, August 30th. StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. Lake Street Capital dropped their target price on 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Friday. Finally, Loop Capital dropped their target price on 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, 3D Systems presently has an average rating of “Hold” and a consensus target price of $3.25.

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.