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

Sumitomo Mitsui Trust Holdings Inc. lowered its position in 3D Systems Co. (NYSE:DDD) by 32.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 494,530 shares of the 3D printing company’s stock after selling 239,488 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.37% of 3D Systems worth $3,140,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System acquired a new stake in shares of 3D Systems in the 4th quarter worth approximately $424,000. Nisa Investment Advisors LLC grew its holdings in 3D Systems by 386.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,490 shares of the 3D printing company’s stock valued at $41,000 after buying an additional 5,155 shares during the last quarter. ARK Investment Management LLC grew its holdings in 3D Systems by 7.5% during the 4th quarter. ARK Investment Management LLC now owns 3,109,753 shares of the 3D printing company’s stock valued at $19,747,000 after buying an additional 216,637 shares during the last quarter. Silverberg Bernstein Capital Management LLC acquired a new stake in 3D Systems during the 4th quarter valued at $4,684,000. Finally, Raymond James & Associates grew its holdings in 3D Systems by 18.0% during the 4th quarter. Raymond James & Associates now owns 115,996 shares of the 3D printing company’s stock valued at $737,000 after buying an additional 17,660 shares during the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DDD shares. Cantor Fitzgerald started coverage on 3D Systems in a report on Tuesday, February 13th. They set an “overweight” rating and a $8.50 target price on the stock. StockNews.com cut 3D Systems from a “hold” rating to a “sell” rating in a report on Sunday, March 3rd.

3D Systems Stock Performance

3D Systems stock opened at $3.48 on Thursday. The firm has a market capitalization of $463.68 million, a P/E ratio of -1.22 and a beta of 1.75. The stock has a fifty day moving average price of $4.38 and a 200 day moving average price of $4.82. 3D Systems Co. has a 52 week low of $3.32 and a 52 week high of $11.09. The company has a current ratio of 4.30, a quick ratio of 3.24 and a debt-to-equity ratio of 0.76.

3D Systems (NYSE:DDD) last released its earnings results on Tuesday, February 27th. The 3D printing company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.10). The business had revenue of $114.85 million during the quarter, compared to analyst estimates of $124.33 million. 3D Systems had a negative net margin of 75.90% and a negative return on equity of 9.34%. Equities research analysts anticipate that 3D Systems Co. will post -0.25 earnings per share for the current year.

About 3D Systems

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.