Teachers Advisors LLC lifted its holdings in shares of Proto Labs, Inc. (NYSE:PRLB) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,180 shares of the industrial products company’s stock after purchasing an additional 289 shares during the quarter. Teachers Advisors LLC owned about 0.17% of Proto Labs worth $3,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PRLB. Karp Capital Management Corp purchased a new position in shares of Proto Labs during the 1st quarter worth $260,000. Ameriprise Financial Inc. grew its holdings in shares of Proto Labs by 2.8% during the 1st quarter. Ameriprise Financial Inc. now owns 174,990 shares of the industrial products company’s stock worth $8,942,000 after purchasing an additional 4,812 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of Proto Labs during the 1st quarter worth $109,000. Mason Street Advisors LLC grew its holdings in shares of Proto Labs by 7.4% during the 1st quarter. Mason Street Advisors LLC now owns 5,707 shares of the industrial products company’s stock worth $292,000 after purchasing an additional 393 shares during the period. Finally, Prudential Financial Inc. grew its holdings in shares of Proto Labs by 0.9% during the 1st quarter. Prudential Financial Inc. now owns 41,510 shares of the industrial products company’s stock worth $2,121,000 after purchasing an additional 350 shares during the period.

A number of equities analysts have recently weighed in on PRLB shares. BidaskClub cut Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Friday, October 6th. Piper Jaffray Companies reiterated a “hold” rating and set a $67.00 price target on shares of Proto Labs in a report on Friday, July 28th. Finally, Dougherty & Co upgraded Proto Labs from a “sell” rating to a “neutral” rating in a report on Tuesday, June 27th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.00.

Proto Labs, Inc. (NYSE:PRLB) opened at 80.70 on Wednesday. Proto Labs, Inc. has a 1-year low of $43.10 and a 1-year high of $82.50. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 46.92 and a beta of 0.99. The company’s 50-day moving average price is $75.91 and its 200 day moving average price is $67.16.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. Proto Labs had a return on equity of 11.75% and a net margin of 14.59%. The firm had revenue of $82.04 million during the quarter, compared to the consensus estimate of $80.49 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts expect that Proto Labs, Inc. will post $2.06 earnings per share for the current fiscal year.

In other Proto Labs news, VP Robert Bodor sold 741 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $73.84, for a total transaction of $54,715.44. Following the completion of the sale, the vice president now owns 17,319 shares of the company’s stock, valued at $1,278,834.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.78% of the stock is currently owned by insiders.

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Proto Labs Company Profile

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

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