Sumitomo Mitsui Trust Group Inc. Has $2.62 Million Position in 3D Systems Co. (NYSE:DDD)

Sumitomo Mitsui Trust Group Inc. lessened its holdings in 3D Systems Co. (NYSE:DDD - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 799,083 shares of the 3D printing company's stock after selling 194,062 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.59% of 3D Systems worth $2,621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC raised its holdings in 3D Systems by 23.8% during the third quarter. SG Americas Securities LLC now owns 45,617 shares of the 3D printing company's stock valued at $130,000 after buying an additional 8,769 shares in the last quarter. Inspire Investing LLC increased its stake in 3D Systems by 33.7% during the third quarter. Inspire Investing LLC now owns 15,138 shares of the 3D printing company's stock valued at $43,000 after acquiring an additional 3,818 shares during the period. Creative Planning bought a new position in 3D Systems during the third quarter valued at about $43,000. Inspire Advisors LLC raised its holdings in shares of 3D Systems by 40.1% in the 3rd quarter. Inspire Advisors LLC now owns 65,808 shares of the 3D printing company's stock worth $187,000 after buying an additional 18,848 shares in the last quarter. Finally, Wealth Effects LLC lifted its holdings in shares of 3D Systems by 44.7% during the third quarter. Wealth Effects LLC now owns 329,820 shares of the 3D printing company's stock valued at $937,000 after acquiring an additional 101,920 shares during the period. Institutional investors and hedge funds own 64.49% of the company's stock.

Wall Street Analyst Weigh In

DDD has been the subject of a number of research reports. Weiss Ratings restated a "sell (d-)" rating on shares of 3D Systems in a research note on Saturday, February 1st. StockNews.com upgraded 3D Systems from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Craig Hallum upgraded 3D Systems to a "hold" rating in a research report on Thursday, December 12th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of 3D Systems in a research report on Wednesday, January 15th. 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.com, the company presently has an average rating of "Hold" and a consensus target price of $3.25.

Insider Activity

In other news, CEO Jeffrey A. Graves bought 60,000 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were purchased at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the purchase, the chief executive officer now owns 1,091,782 shares of the company's stock, valued at approximately $4,203,360.70. The trade was a 5.82 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charles W. Hull sold 115,971 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total value of $447,648.06. Following the completion of the sale, the executive vice president now owns 331,955 shares in the company, valued at $1,281,346.30. The trade was a 25.89 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

3D Systems Trading Up 0.3 %

Shares of 3D Systems stock traded up $0.02 during trading on Monday, hitting $4.69. 2,444,117 shares of the company were exchanged, compared to its average volume of 3,183,546. The firm has a market capitalization of $635.38 million, a P/E ratio of -1.18 and a beta of 1.63. 3D Systems Co. has a 1-year low of $1.72 and a 1-year high of $5.75. The firm's fifty day moving average price is $3.67 and its 200 day moving average price is $3.10. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34.

3D Systems (NYSE:DDD - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. As a group, sell-side analysts expect that 3D Systems Co. will post -0.73 earnings per share for the current fiscal year.

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.