JPMorgan Chase & Co. Purchases 251,661 Shares of 3D Systems Co. (NYSE:DDD)

JPMorgan Chase & Co. raised its holdings in shares of 3D Systems Co. (NYSE:DDD - Free Report) by 446.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 308,015 shares of the 3D printing company's stock after acquiring an additional 251,661 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.23% of 3D Systems worth $1,010,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of 3D Systems by 411.6% during the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock worth $33,000 after buying an additional 8,050 shares during the period. Cibc World Markets Corp bought a new position in 3D Systems during the fourth quarter worth about $39,000. Wealthfront Advisers LLC acquired a new stake in 3D Systems in the 4th quarter worth about $57,000. Pacer Advisors Inc. boosted its holdings in 3D Systems by 104.5% in the 4th quarter. Pacer Advisors Inc. now owns 18,465 shares of the 3D printing company's stock valued at $61,000 after purchasing an additional 9,434 shares during the period. Finally, New York State Common Retirement Fund grew its position in shares of 3D Systems by 496.9% during the 4th quarter. New York State Common Retirement Fund now owns 21,502 shares of the 3D printing company's stock worth $71,000 after purchasing an additional 17,900 shares in the last quarter. 64.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DDD shares. StockNews.com upgraded 3D Systems from a "sell" rating to a "hold" rating in a research note on Monday. Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a report on Thursday, April 24th. Cantor Fitzgerald cut their price objective on shares of 3D Systems from $5.75 to $5.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Finally, Needham & Company LLC reissued a "hold" rating on shares of 3D Systems in a report on Friday, March 28th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $3.67.

3D Systems Price Performance

Shares of 3D Systems stock traded down $0.07 during midday trading on Wednesday, hitting $1.83. 1,942,031 shares of the company traded hands, compared to its average volume of 2,705,435. The firm's fifty day moving average price is $2.47 and its 200-day moving average price is $3.11. The stock has a market cap of $248.05 million, a price-to-earnings ratio of -0.46 and a beta of 1.81. 3D Systems Co. has a 12 month low of $1.71 and a 12 month high of $5.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

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.