3D Systems Co. (NYSE:DDD) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in 3D Systems Co. (NYSE:DDD - Free Report) by 446.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 308,015 shares of the 3D printing company's stock after purchasing an additional 251,661 shares during the period. JPMorgan Chase & Co. owned approximately 0.23% of 3D Systems worth $1,010,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DDD. ARK Investment Management LLC lifted its holdings in shares of 3D Systems by 13.8% during the fourth quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company's stock worth $14,478,000 after purchasing an additional 535,287 shares during the period. Exchange Traded Concepts LLC increased its position in shares of 3D Systems by 2.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,203,001 shares of the 3D printing company's stock worth $10,506,000 after acquiring an additional 68,530 shares in the last quarter. Geode Capital Management LLC increased its holdings in 3D Systems by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company's stock worth $8,541,000 after purchasing an additional 38,431 shares in the last quarter. Silverberg Bernstein Capital Management LLC raised its position in 3D Systems by 8.2% in the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 1,323,709 shares of the 3D printing company's stock valued at $4,342,000 after buying an additional 99,950 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of 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 valued at $3,913,000 after purchasing an additional 178,102 shares in the last quarter. Institutional investors and hedge funds own 64.49% of the company's stock.

3D Systems Stock Up 6.6 %

NYSE DDD traded up $0.13 on Friday, reaching $2.02. 878,203 shares of the stock traded hands, compared to its average volume of 2,708,742. 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. The company has a fifty day moving average price of $2.38 and a 200-day moving average price of $3.09. The company has a market cap of $273.12 million, a price-to-earnings ratio of -0.51 and a beta of 1.94.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 3D Systems in a report on Thursday, April 24th. Cantor Fitzgerald lowered their price objective on shares of 3D Systems from $5.75 to $5.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a research note on Friday, March 28th. Finally, StockNews.com upgraded 3D Systems from a "sell" rating to a "hold" rating in a report on Monday. 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, 3D Systems has an average rating of "Hold" and a consensus target price of $3.67.

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.