Bank of New York Mellon Corp cut its holdings in shares of 3D Systems Co. (NYSE:DDD) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,338,895 shares of the 3D printing company’s stock after selling 43,596 shares during the period. Bank of New York Mellon Corp owned about 1.17% of 3D Systems worth $13,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Tocqueville Asset Management L.P. grew its position in shares of 3D Systems by 13.1% in the 4th quarter. Tocqueville Asset Management L.P. now owns 448,893 shares of the 3D printing company’s stock valued at $4,565,000 after buying an additional 52,100 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of 3D Systems in the 4th quarter valued at $162,000. PNC Financial Services Group Inc. grew its position in shares of 3D Systems by 375.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 21,464 shares of the 3D printing company’s stock valued at $220,000 after buying an additional 16,953 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of 3D Systems in the 4th quarter valued at $2,073,000. Finally, Piedmont Investment Advisors Inc. grew its position in shares of 3D Systems by 3.4% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 27,083 shares of the 3D printing company’s stock valued at $275,000 after buying an additional 898 shares during the last quarter. Institutional investors own 68.95% of the company’s stock.
Shares of NYSE DDD remained flat at $$10.84 during midday trading on Friday. 1,005,907 shares of the company traded hands, compared to its average volume of 1,449,581. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.42 and a quick ratio of 1.61. 3D Systems Co. has a 12-month low of $9.00 and a 12-month high of $21.78. The firm has a market capitalization of $1.26 billion, a PE ratio of -29.30 and a beta of 1.94.
A number of research analysts recently commented on DDD shares. Craig Hallum initiated coverage on shares of 3D Systems in a research report on Monday. They issued a “hold” rating and a $12.00 target price on the stock. Piper Jaffray Companies upgraded shares of 3D Systems from a “neutral” rating to an “overweight” rating and set a $17.00 target price for the company in a research note on Tuesday, January 29th. JPMorgan Chase & Co. reduced their target price on shares of 3D Systems to $8.00 and set an “average” rating for the company in a research note on Friday, March 1st. Finally, TheStreet upgraded shares of 3D Systems from a “d” rating to a “c-” rating in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. 3D Systems has a consensus rating of “Hold” and a consensus price target of $13.88.
3D Systems Company Profile
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.
Read More: What is a Call Option?
Receive News & Ratings for 3D Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3D Systems and related companies with MarketBeat.com's FREE daily email newsletter.