3D Systems Corporation $DDD Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC reduced its position in 3D Systems Corporation (NYSE:DDD) by 66.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,440,942 shares of the 3D printing company’s stock after selling 2,842,271 shares during the quarter. ARK Investment Management LLC’s holdings in 3D Systems were worth $2,219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Silverberg Bernstein Capital Management LLC boosted its holdings in shares of 3D Systems by 33.0% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 2,040,660 shares of the 3D printing company’s stock valued at $3,143,000 after acquiring an additional 506,139 shares during the period. Nuveen LLC acquired a new stake in shares of 3D Systems in the first quarter valued at approximately $3,528,000. Royal Bank of Canada boosted its holdings in shares of 3D Systems by 7.7% in the first quarter. Royal Bank of Canada now owns 1,529,217 shares of the 3D printing company’s stock valued at $3,242,000 after acquiring an additional 109,467 shares during the period. Nikko Asset Management Americas Inc. raised its stake in shares of 3D Systems by 2.0% during the first quarter. Nikko Asset Management Americas Inc. now owns 814,994 shares of the 3D printing company’s stock worth $1,728,000 after purchasing an additional 15,911 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of 3D Systems by 2.0% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 814,994 shares of the 3D printing company’s stock worth $1,728,000 after purchasing an additional 15,911 shares during the last quarter. 64.49% of the stock is owned by institutional investors and hedge funds.

3D Systems Trading Down 11.1%

Shares of DDD stock opened at $3.01 on Thursday. 3D Systems Corporation has a fifty-two week low of $1.32 and a fifty-two week high of $5.00. The stock has a market cap of $385.39 million, a P/E ratio of -2.29 and a beta of 2.11. The business has a fifty day simple moving average of $2.60 and a 200-day simple moving average of $2.06. The company has a quick ratio of 1.82, a current ratio of 2.76 and a debt-to-equity ratio of 0.51.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Zacks Research upgraded 3D Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.00.

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.