30,630 Shares in 3D Systems Co. (NYSE:DDD) Acquired by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. bought a new position in shares of 3D Systems Co. (NYSE:DDD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,630 shares of the 3D printing company’s stock, valued at approximately $195,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DDD. BlackRock Inc. increased its position in shares of 3D Systems by 1.3% during the 3rd quarter. BlackRock Inc. now owns 21,264,006 shares of the 3D printing company’s stock worth $169,687,000 after purchasing an additional 277,012 shares during the last quarter. Vanguard Group Inc. increased its position in shares of 3D Systems by 0.4% during the third quarter. Vanguard Group Inc. now owns 13,950,820 shares of the 3D printing company’s stock valued at $68,499,000 after acquiring an additional 51,868 shares during the last quarter. State Street Corp raised its stake in shares of 3D Systems by 0.9% in the 1st quarter. State Street Corp now owns 5,829,739 shares of the 3D printing company’s stock valued at $62,494,000 after acquiring an additional 50,585 shares during the period. Invesco Ltd. lifted its holdings in shares of 3D Systems by 0.5% in the 1st quarter. Invesco Ltd. now owns 5,796,473 shares of the 3D printing company’s stock worth $96,685,000 after acquiring an additional 29,582 shares during the last quarter. Finally, ARK Investment Management LLC boosted its position in shares of 3D Systems by 7.5% during the 4th quarter. ARK Investment Management LLC now owns 3,109,753 shares of the 3D printing company’s stock worth $19,747,000 after purchasing an additional 216,637 shares during the period. Hedge funds and other institutional investors own 64.49% of the company’s stock.

Analyst Upgrades and Downgrades

DDD has been the subject of several research analyst reports. Cantor Fitzgerald started coverage on 3D Systems in a research report on Tuesday, February 13th. They set an “overweight” rating and a $8.50 price target for the company. StockNews.com lowered shares of 3D Systems from a “hold” rating to a “sell” rating in a research note on Sunday, March 3rd.

3D Systems Stock Down 2.6 %

Shares of NYSE DDD opened at $3.39 on Thursday. The stock has a market cap of $452.33 million, a P/E ratio of -1.19 and a beta of 1.75. The business’s fifty day simple moving average is $4.54 and its 200-day simple moving average is $4.85. 3D Systems Co. has a 12-month low of $3.38 and a 12-month high of $11.09. The company has a current ratio of 4.30, a quick ratio of 3.24 and a debt-to-equity ratio of 0.76.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Tuesday, February 27th. The 3D printing company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.10). The company had revenue of $114.85 million during the quarter, compared to analyst estimates of $124.33 million. 3D Systems had a negative net margin of 75.90% and a negative return on equity of 9.34%. As a group, equities analysts predict that 3D Systems Co. will post -0.25 EPS 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.