290,116 Shares in 3D Systems Corporation $DDD Purchased 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) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 290,116 shares of the 3D printing company's stock, valued at approximately $615,000. Cubist Systematic Strategies LLC owned about 0.21% of 3D Systems at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. ProShare Advisors LLC raised its position in 3D Systems by 41.8% in the 4th quarter. ProShare Advisors LLC now owns 53,574 shares of the 3D printing company's stock worth $176,000 after buying an additional 15,787 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of 3D Systems by 172.2% in the fourth quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company's stock worth $4,894,000 after acquiring an additional 944,010 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of 3D Systems by 975.3% during the fourth quarter. BNP Paribas Financial Markets now owns 503,027 shares of the 3D printing company's stock valued at $1,650,000 after purchasing an additional 456,249 shares during the last quarter. Two Sigma Advisers LP lifted its position in 3D Systems by 553.9% during the fourth quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company's stock valued at $4,712,000 after purchasing an additional 1,216,900 shares during the period. Finally, Silverberg Bernstein Capital Management LLC boosted its holdings in 3D Systems by 15.9% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 1,534,521 shares of the 3D printing company's stock worth $3,253,000 after purchasing an additional 210,812 shares during the last quarter. 64.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research upgraded 3D Systems to a "hold" rating in a research note on Tuesday, August 12th. Wall Street Zen raised 3D Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a research report on Saturday. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, 3D Systems currently has a consensus rating of "Hold" and a consensus price target of $5.00.

3D Systems Price Performance

Shares of NYSE:DDD remained flat at $2.33 during mid-day trading on Tuesday. The company had a trading volume of 1,834,011 shares, compared to its average volume of 3,642,898. The stock's 50 day simple moving average is $1.97 and its 200 day simple moving average is $1.99. The company has a market capitalization of $298.82 million, a price-to-earnings ratio of -1.78 and a beta of 2.09. 3D Systems Corporation has a 52 week low of $1.32 and a 52 week high of $5.00. The company has a current ratio of 2.76, a quick ratio of 1.82 and a debt-to-equity ratio of 0.51.

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.