290,116 Shares in 3D Systems Corporation $DDD Bought by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC acquired 290,116 shares of 3D Systems Corporation, valued at approximately $615,000, which represents a 0.21% ownership stake as of its latest SEC filing.
• In the first quarter, several institutional investors increased their stakes in 3D Systems, including Royal Bank of Canada, which grew its stake by 7.7%, and Graham Capital Management, which increased its holdings by 545.3%.
• The stock price of 3D Systems rose by 0.7%, with its current trading price at $2.12 and a consensus target price of $5.00 according to MarketBeat analysts.

Cubist Systematic Strategies LLC purchased a new position in 3D Systems Corporation (NYSE:DDD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 290,116 shares of the 3D printing company's stock, valued at approximately $615,000. Cubist Systematic Strategies LLC owned 0.21% of 3D Systems as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Royal Bank of Canada grew its stake in shares of 3D Systems by 7.7% in the first quarter. Royal Bank of Canada now owns 1,529,217 shares of the 3D printing company's stock worth $3,242,000 after acquiring an additional 109,467 shares during the last quarter. Graham Capital Management L.P. grew its stake in shares of 3D Systems by 545.3% in the first quarter. Graham Capital Management L.P. now owns 253,035 shares of the 3D printing company's stock worth $536,000 after acquiring an additional 213,821 shares during the last quarter. State of Wyoming purchased a new stake in shares of 3D Systems in the first quarter worth $34,000. Hsbc Holdings PLC grew its stake in shares of 3D Systems by 61.7% in the first quarter. Hsbc Holdings PLC now owns 23,966 shares of the 3D printing company's stock worth $51,000 after acquiring an additional 9,145 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of 3D Systems in the first quarter worth $45,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

3D Systems Stock Up 0.7%

DDD stock opened at $2.12 on Thursday. 3D Systems Corporation has a fifty-two week low of $1.32 and a fifty-two week high of $5.00. The business's 50-day moving average is $1.92 and its two-hundred day moving average is $2.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.82 and a current ratio of 2.76. The company has a market cap of $271.25 million, a price-to-earnings ratio of -1.61 and a beta of 2.09.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DDD shares. Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a research note on Saturday, August 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a research report on Wednesday, May 14th. Zacks Research raised 3D Systems to a "hold" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen raised 3D Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $5.00.

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.

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