JPMorgan Chase & Co. Buys 251,661 Shares of 3D Systems Co. (NYSE:DDD)

JPMorgan Chase & Co. boosted its stake in shares of 3D Systems Co. (NYSE:DDD - Free Report) by 446.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 308,015 shares of the 3D printing company's stock after acquiring an additional 251,661 shares during the period. JPMorgan Chase & Co. owned 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 also recently bought and sold shares of DDD. Blue Trust Inc. grew its position in shares of 3D Systems by 411.6% during the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock valued at $33,000 after purchasing an additional 8,050 shares in the last quarter. Cibc World Markets Corp bought a new position in 3D Systems during the fourth quarter valued at approximately $39,000. Wealthfront Advisers LLC purchased a new position in 3D Systems during the 4th quarter valued at approximately $57,000. Pacer Advisors Inc. increased its stake in 3D Systems by 104.5% in the 4th quarter. Pacer Advisors Inc. now owns 18,465 shares of the 3D printing company's stock worth $61,000 after acquiring an additional 9,434 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of 3D Systems by 496.9% during the 4th quarter. New York State Common Retirement Fund now owns 21,502 shares of the 3D printing company's stock worth $71,000 after acquiring an additional 17,900 shares in the last quarter. 64.49% of the stock is currently owned by institutional investors.

3D Systems Price Performance

3D Systems stock opened at $1.94 on Monday. 3D Systems Co. has a 12-month low of $1.71 and a 12-month high of $5.00. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The firm has a 50-day moving average price of $2.57 and a 200-day moving average price of $3.13. The firm has a market capitalization of $262.96 million, a PE ratio of -0.49 and a beta of 1.81.

Analyst Ratings Changes

DDD has been the subject of a number of recent research reports. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research report on Friday, March 28th. StockNews.com downgraded shares of 3D Systems from a "hold" rating to a "sell" rating in a report on Friday, April 4th. Cantor Fitzgerald lowered their price target 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. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.

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