Charles Schwab Investment Management Inc. Sells 159,028 Shares of 3D Systems Co. (NYSE:DDD)

Charles Schwab Investment Management Inc. lessened its holdings in 3D Systems Co. (NYSE:DDD - Free Report) by 13.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,015,005 shares of the 3D printing company's stock after selling 159,028 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.76% of 3D Systems worth $2,883,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Inspire Investing LLC acquired a new stake in shares of 3D Systems in the 2nd quarter valued at approximately $35,000. Ballentine Partners LLC bought a new position in shares of 3D Systems in the 3rd quarter valued at about $36,000. Foundations Investment Advisors LLC bought a new stake in shares of 3D Systems in the 2nd quarter valued at about $37,000. Mizuho Securities Co. Ltd. acquired a new stake in 3D Systems in the 2nd quarter valued at about $38,000. Finally, Algert Global LLC bought a new position in 3D Systems during the second quarter worth about $41,000. Institutional investors and hedge funds own 64.49% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on DDD shares. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research note on Thursday. Loop Capital dropped their price target on 3D Systems from $4.50 to $2.00 and set a "hold" rating on the stock in a research note on Thursday, September 5th. Cantor Fitzgerald reduced their price objective on shares of 3D Systems from $5.50 to $3.75 and set an "overweight" rating for the company in a research report on Friday, August 30th. StockNews.com raised shares of 3D Systems from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Finally, Lake Street Capital reduced their target price on shares of 3D Systems from $6.00 to $4.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $3.25.

3D Systems Stock Performance

NYSE DDD traded down $0.01 on Monday, reaching $3.96. The stock had a trading volume of 2,778,243 shares, compared to its average volume of 2,331,251. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The company has a market cap of $537.06 million, a P/E ratio of -1.00 and a beta of 1.64. The firm has a fifty day moving average of $3.14 and a two-hundred day moving average of $3.08. 3D Systems Co. has a 1-year low of $1.72 and a 1-year high of $6.85.

About 3D Systems

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.