Wealthfront Advisers LLC Takes Position in 3D Systems Co. (NYSE:DDD)

Wealthfront Advisers LLC acquired a new stake in 3D Systems Co. (NYSE:DDD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,230 shares of the 3D printing company’s stock, valued at approximately $57,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. ARK Investment Management LLC lifted 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 worth $14,478,000 after buying an additional 535,287 shares during the period. Exchange Traded Concepts LLC lifted its position in 3D Systems by 2.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,203,001 shares of the 3D printing company’s stock worth $10,506,000 after buying an additional 68,530 shares during the period. Geode Capital Management LLC lifted its position in 3D Systems by 1.3% during the third 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 during the period. Silverberg Bernstein Capital Management LLC lifted its position in 3D Systems by 8.2% during the fourth 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 period. Finally, Charles Schwab Investment Management Inc. lifted its position in 3D Systems by 17.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company’s stock worth $3,913,000 after buying an additional 178,102 shares during the period. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

3D Systems Price Performance

DDD stock opened at $2.65 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. 3D Systems Co. has a 1 year low of $1.72 and a 1 year high of $5.00. The firm has a market cap of $358.71 million, a P/E ratio of -0.66 and a beta of 1.63. The stock has a 50-day simple moving average of $3.59 and a 200-day simple moving average of $3.21.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. StockNews.com downgraded 3D Systems from a “hold” rating to a “sell” rating in a research report on Tuesday. Craig Hallum upgraded 3D Systems to a “hold” rating in a report on Thursday, December 12th. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a report on Friday, March 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, 3D Systems presently has an average rating of “Hold” and an average target price of $3.25.

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.