Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of 3D Systems Co. (NYSE:DDD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,305 shares of the 3D printing company’s stock, valued at approximately $162,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Piedmont Investment Advisors Inc. increased its stake in 3D Systems by 3.4% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 27,083 shares of the 3D printing company’s stock valued at $275,000 after acquiring an additional 898 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in 3D Systems by 42.1% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,177 shares of the 3D printing company’s stock valued at $32,000 after purchasing an additional 942 shares in the last quarter. Teachers Advisors LLC boosted its holdings in 3D Systems by 1.1% during the third quarter. Teachers Advisors LLC now owns 209,336 shares of the 3D printing company’s stock valued at $3,956,000 after purchasing an additional 2,209 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in 3D Systems by 18.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 21,869 shares of the 3D printing company’s stock valued at $222,000 after purchasing an additional 3,400 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of 3D Systems by 4.8% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 112,361 shares of the 3D printing company’s stock worth $2,124,000 after acquiring an additional 5,096 shares in the last quarter. Institutional investors own 70.22% of the company’s stock.
Shares of 3D Systems stock opened at $11.28 on Wednesday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -30.49 and a beta of 1.91. 3D Systems Co. has a 52 week low of $9.00 and a 52 week high of $21.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 1.50.DDD has been the topic of several recent analyst reports. Piper Jaffray Companies raised 3D Systems from a “neutral” rating to an “overweight” rating and set a $17.00 target price on the stock in a report on Tuesday, January 29th. JPMorgan Chase & Co. reduced their target price on 3D Systems to $8.00 and set an “average” rating on the stock in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $13.78.
3D Systems Profile
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.
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