Charles Schwab Investment Management Inc. Has $3.91 Million Stock Position in 3D Systems Co. (NYSE:DDD)

Charles Schwab Investment Management Inc. grew its stake in shares of 3D Systems Co. (NYSE:DDD - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,193,107 shares of the 3D printing company's stock after acquiring an additional 178,102 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.88% of 3D Systems worth $3,913,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. ARK Investment Management LLC raised its position in 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 valued at $14,478,000 after purchasing an additional 535,287 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of 3D Systems by 2.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,203,001 shares of the 3D printing company's stock valued at $10,506,000 after purchasing an additional 68,530 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 buying an additional 38,431 shares in the last quarter. Silverberg Bernstein Capital Management LLC lifted its position in shares of 3D Systems by 8.2% during the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 1,323,709 shares of the 3D printing company's stock worth $4,342,000 after buying an additional 99,950 shares during the last quarter. Finally, Walleye Capital LLC boosted its stake in 3D Systems by 3,140.9% in the third quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company's stock valued at $1,445,000 after buying an additional 525,688 shares in the last quarter. 64.49% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a research note on Saturday, March 22nd. 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 research report on Friday. Craig Hallum raised shares of 3D Systems to a "hold" rating in a research note on Thursday, December 12th. Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a research note on Friday. Finally, StockNews.com upgraded 3D Systems from a "sell" rating to a "hold" rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, 3D Systems has an average rating of "Hold" and an average target price of $3.67.

3D Systems Trading Down 1.6 %

NYSE DDD traded down $0.04 during trading hours on Friday, reaching $2.12. The company's stock had a trading volume of 3,813,384 shares, compared to its average volume of 2,608,384. 3D Systems Co. has a 52 week low of $1.72 and a 52 week high of $5.00. 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 stock has a market cap of $286.84 million, a P/E ratio of -0.53 and a beta of 1.63. The firm has a fifty day simple moving average of $3.49 and a 200-day simple moving average of $3.24.

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.