BNP Paribas Financial Markets Raises Position in 3D Systems Co. (NYSE:DDD)

BNP Paribas Financial Markets lifted its position in shares of 3D Systems Co. (NYSE:DDD - Free Report) by 975.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 503,027 shares of the 3D printing company's stock after buying an additional 456,249 shares during the quarter. BNP Paribas Financial Markets owned about 0.37% of 3D Systems worth $1,650,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in 3D Systems by 411.6% in the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock valued at $33,000 after acquiring an additional 8,050 shares in the last quarter. Cibc World Markets Corp acquired a new stake in 3D Systems in the fourth quarter valued at about $39,000. Boothbay Fund Management LLC acquired a new stake in 3D Systems in the fourth quarter valued at about $44,000. Canada Pension Plan Investment Board increased its holdings in 3D Systems by 67.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company's stock worth $46,000 after purchasing an additional 5,700 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in 3D Systems in the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 64.49% of the company's stock.

3D Systems Trading Down 0.3%

Shares of 3D Systems stock traded down $0.01 on Friday, hitting $1.62. 3,136,833 shares of the company's stock traded hands, compared to its average volume of 2,909,433. The company has a fifty day moving average of $2.03 and a two-hundred day moving average of $2.96. The company has a market capitalization of $220.31 million, a price-to-earnings ratio of -0.41 and a beta of 1.94. 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 $1.58 and a one year high of $5.00.

Analysts Set New Price Targets

Several research firms have commented on DDD. Cantor Fitzgerald dropped their target price on 3D Systems from $5.75 to $5.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a research note on Saturday, May 10th. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research report on Wednesday, May 14th. Finally, Wall Street Zen upgraded 3D Systems from a "sell" rating to a "hold" rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $3.67.

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.