Charles Schwab Investment Management Inc. Buys 178,102 Shares of 3D Systems Co. (NYSE:DDD)

Charles Schwab Investment Management Inc. lifted its position in 3D Systems Co. (NYSE:DDD) by 17.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,193,107 shares of the 3D printing company’s stock after purchasing an additional 178,102 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in 3D Systems were worth $3,913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DDD. Intech Investment Management LLC lifted its position in shares of 3D Systems by 6.4% during the 3rd quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company’s stock worth $149,000 after buying an additional 3,166 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in 3D Systems in the 3rd quarter valued at $170,000. DRW Securities LLC bought a new position in 3D Systems in the third quarter valued at about $291,000. BNP Paribas Financial Markets grew its position in shares of 3D Systems by 14.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 46,778 shares of the 3D printing company’s stock worth $133,000 after buying an additional 5,884 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in 3D Systems by 30.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,342 shares of the 3D printing company’s stock worth $140,000 after acquiring an additional 11,616 shares during the period. 64.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DDD has been the subject of several analyst reports. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. StockNews.com lowered 3D Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, March 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, March 22nd. Finally, Craig Hallum raised shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $3.25.

3D Systems Stock Down 0.5 %

Shares of 3D Systems stock opened at $2.73 on Thursday. 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 Co. has a 52-week low of $1.72 and a 52-week high of $5.00. The firm has a market cap of $369.56 million, a PE ratio of -0.68 and a beta of 1.63. The business’s 50 day simple moving average is $3.53 and its 200 day simple moving average is $3.23.

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.