Virginia Retirement Systems ET AL lowered its position in shares of Proto Labs Inc (NYSE:PRLB) by 10.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,400 shares of the industrial products company’s stock after selling 1,300 shares during the period. Virginia Retirement Systems ET AL’s holdings in Proto Labs were worth $583,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its stake in shares of Proto Labs by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 2,690 shares of the industrial products company’s stock valued at $137,000 after buying an additional 60 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Proto Labs during the first quarter valued at about $260,000. Brown Advisory Inc. boosted its stake in shares of Proto Labs by 1.1% in the fourth quarter. Brown Advisory Inc. now owns 5,215 shares of the industrial products company’s stock valued at $267,000 after buying an additional 59 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Proto Labs by 3.3% in the fourth quarter. Perigon Wealth Management LLC now owns 5,408 shares of the industrial products company’s stock valued at $290,000 after buying an additional 175 shares in the last quarter. Finally, Bell Bank boosted its stake in shares of Proto Labs by 5.5% in the first quarter. Bell Bank now owns 6,469 shares of the industrial products company’s stock valued at $331,000 after buying an additional 340 shares in the last quarter.

Institutional Ownership by Quarter for Proto Labs (NYSE:PRLB)

Shares of Proto Labs Inc (NYSE PRLB) opened at 67.90 on Monday. The stock’s 50 day moving average is $59.82 and its 200 day moving average is $54.45. Proto Labs Inc has a 12 month low of $43.10 and a 12 month high of $68.20. The company has a market capitalization of $1.80 billion, a P/E ratio of 40.66 and a beta of 0.71.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.11. The company had revenue of $80.20 million during the quarter, compared to analysts’ expectations of $75.05 million. Proto Labs had a net margin of 14.33% and a return on equity of 11.79%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. On average, equities analysts predict that Proto Labs Inc will post $2.04 EPS for the current fiscal year.

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Several research analysts have weighed in on PRLB shares. TheStreet upgraded shares of Proto Labs from a “c+” rating to a “b-” rating in a research report on Friday, May 5th. Zacks Investment Research upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Wednesday, May 3rd. Finally, Dougherty & Co increased their price target on shares of Proto Labs from $42.50 to $45.00 and gave the stock a “sell” rating in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $58.67.

In other Proto Labs news, Director Rainer Gawlick sold 833 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $64.05, for a total transaction of $53,353.65. Following the completion of the transaction, the director now directly owns 6,258 shares in the company, valued at $400,824.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John B. Tumelty sold 11,896 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $61.72, for a total transaction of $734,221.12. Following the transaction, the director now owns 4,299 shares of the company’s stock, valued at $265,334.28. The disclosure for this sale can be found here. Corporate insiders own 8.48% of the company’s stock.

About Proto Labs

Proto Labs, Inc is an e-commerce driven digital manufacturer of on-demand three dimensional (3D) printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Company’s geographic segments include the United States, Europe and Japan.

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