3D Systems Co. (NYSE:DDD) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its position in 3D Systems Co. (NYSE:DDD - Free Report) by 32.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 494,530 shares of the 3D printing company's stock after selling 239,488 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.37% of 3D Systems worth $3,140,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Silverberg Bernstein Capital Management LLC purchased a new position in shares of 3D Systems during the fourth quarter valued at approximately $4,684,000. Vanguard Group Inc. boosted its position in shares of 3D Systems by 0.4% during the third quarter. Vanguard Group Inc. now owns 13,950,820 shares of the 3D printing company's stock valued at $68,499,000 after buying an additional 51,868 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of 3D Systems during the third quarter valued at approximately $228,000. GSA Capital Partners LLP purchased a new position in shares of 3D Systems during the third quarter valued at approximately $700,000. Finally, Swiss National Bank boosted its position in shares of 3D Systems by 3.7% during the third quarter. Swiss National Bank now owns 293,450 shares of the 3D printing company's stock valued at $1,441,000 after buying an additional 10,400 shares during the last quarter. Institutional investors and hedge funds own 64.49% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. StockNews.com cut 3D Systems from a "hold" rating to a "sell" rating in a research report on Sunday, March 3rd. Cantor Fitzgerald began coverage on 3D Systems in a research report on Tuesday, February 13th. They issued an "overweight" rating and a $8.50 price objective on the stock.

3D Systems Stock Performance

DDD stock traded down $0.04 during midday trading on Thursday, hitting $3.44. The company's stock had a trading volume of 983,809 shares, compared to its average volume of 1,644,916. The stock's 50-day moving average price is $4.33 and its 200 day moving average price is $4.81. The company has a quick ratio of 3.24, a current ratio of 4.30 and a debt-to-equity ratio of 0.76. 3D Systems Co. has a 1 year low of $3.32 and a 1 year high of $11.09. The stock has a market cap of $458.33 million, a price-to-earnings ratio of -1.21 and a beta of 1.75.

3D Systems (NYSE:DDD - Get Free Report) last issued its earnings results on Tuesday, February 27th. The 3D printing company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.10). The firm had revenue of $114.85 million during the quarter, compared to the consensus estimate of $124.33 million. 3D Systems had a negative net margin of 75.90% and a negative return on equity of 9.34%. On average, equities analysts forecast that 3D Systems Co. will post -0.25 EPS for the current year.

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.