Nikko Asset Management Americas Inc. Decreases Stock Holdings in 3D Systems Co. (NYSE:DDD)

Nikko Asset Management Americas Inc. lowered its holdings in 3D Systems Co. (NYSE:DDD - Free Report) by 19.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 799,083 shares of the 3D printing company's stock after selling 194,062 shares during the quarter. Nikko Asset Management Americas Inc. owned 0.59% of 3D Systems worth $2,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. ARK Investment Management LLC boosted its holdings in 3D Systems by 13.8% in the fourth quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company's stock worth $14,478,000 after purchasing an additional 535,287 shares during the last quarter. Walleye Capital LLC boosted its stake in shares of 3D Systems by 3,140.9% in the 3rd quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company's stock worth $1,445,000 after buying an additional 525,688 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of 3D Systems in the third quarter worth $1,143,000. XTX Topco Ltd increased its position in 3D Systems by 1,844.0% during the third quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company's stock valued at $1,022,000 after acquiring an additional 341,308 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in 3D Systems by 17.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company's stock valued at $3,913,000 after acquiring an additional 178,102 shares during the period. Hedge funds and other institutional investors own 64.49% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have recently commented on DDD. StockNews.com lowered shares of 3D Systems from a "hold" rating to a "sell" rating in a research report on Tuesday. Weiss Ratings restated a "sell (d-)" rating on shares of 3D Systems in a research note on Friday, March 7th. Craig Hallum raised shares of 3D Systems to a "hold" rating in a report on Thursday, December 12th. Finally, Needham & Company LLC reissued a "hold" rating on shares of 3D Systems in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, 3D Systems currently has a consensus rating of "Hold" and an average price target of $3.25.

3D Systems Price Performance

DDD traded up $0.02 during trading on Friday, hitting $2.58. 9,161,807 shares of the company traded hands, compared to its average volume of 2,502,378. The company has a market cap of $349.22 million, a PE ratio of -0.65 and a beta of 1.63. 3D Systems Co. has a 1 year low of $1.72 and a 1 year 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 stock's 50-day simple moving average is $3.56 and its two-hundred day simple moving average is $3.20.

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.