American Century Companies Inc. Grows Stake in 3D Systems Co. (NYSE:DDD)

American Century Companies Inc. boosted its position in shares of 3D Systems Co. (NYSE:DDD) by 13.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 222,307 shares of the 3D printing company’s stock after acquiring an additional 25,873 shares during the period. American Century Companies Inc.’s holdings in 3D Systems were worth $729,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DDD. HighTower Advisors LLC purchased a new stake in shares of 3D Systems during the third quarter valued at $31,000. Blue Trust Inc. increased its holdings in shares of 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after purchasing an additional 8,050 shares during the period. Cibc World Markets Corp acquired a new stake in shares of 3D Systems in the fourth quarter worth $39,000. Wealthfront Advisers LLC purchased a new position in shares of 3D Systems during the 4th quarter valued at about $57,000. Finally, Pacer Advisors Inc. boosted its position in 3D Systems by 104.5% in the 4th quarter. Pacer Advisors Inc. now owns 18,465 shares of the 3D printing company’s stock worth $61,000 after purchasing an additional 9,434 shares in the last quarter. 64.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DDD has been the subject of several research analyst reports. Cantor Fitzgerald reduced their target price on 3D Systems from $5.75 to $5.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research report on Tuesday. StockNews.com downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Friday, April 4th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $3.67.

3D Systems Price Performance

Shares of NYSE DDD opened at $2.04 on Friday. The stock’s 50-day simple moving average is $3.10 and its 200-day simple moving average is $3.19. 3D Systems Co. has a fifty-two week low of $1.72 and a fifty-two week high of $5.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The firm has a market capitalization of $275.82 million, a PE ratio of -0.51 and a beta of 1.81.

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.