Nikko Asset Management Americas Inc. Has $2.62 Million Stock Position in 3D Systems Co. (NYSE:DDD)

Nikko Asset Management Americas Inc. lessened its stake in 3D Systems Co. (NYSE:DDD) by 19.5% in the fourth quarter, Holdings Channel reports. The firm owned 799,083 shares of the 3D printing company’s stock after selling 194,062 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in 3D Systems were worth $2,621,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. ARK Investment Management LLC boosted its holdings in shares of 3D Systems by 13.8% in the 4th quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock valued at $14,478,000 after purchasing an additional 535,287 shares in the last quarter. Walleye Capital LLC lifted its position in shares of 3D Systems by 3,140.9% during the 3rd quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company’s stock worth $1,445,000 after buying an additional 525,688 shares during the last quarter. Weiss Asset Management LP acquired a new stake in 3D Systems in the third quarter valued at about $1,143,000. XTX Topco Ltd grew its position in 3D Systems by 1,844.0% in the third quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock valued at $1,022,000 after acquiring an additional 341,308 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in 3D Systems by 17.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company’s stock worth $3,913,000 after acquiring an additional 178,102 shares in the last quarter. Institutional investors own 64.49% of the company’s stock.

3D Systems Stock Up 5.6 %

NYSE:DDD opened at $2.75 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. 3D Systems Co. has a one year low of $1.72 and a one year high of $5.00. The firm’s 50 day simple moving average is $3.60 and its 200 day simple moving average is $3.21. The company has a market cap of $372.28 million, a PE ratio of -0.69 and a beta of 1.63.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Craig Hallum raised shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, 3D Systems currently has an average rating of “Hold” and an average target price of $3.25.

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.