Shelton Capital Management acquired a new stake in Proto Labs Inc (NYSE:PRLB) in the fourth quarter, Holdings Channel reports. The firm acquired 2,187 shares of the industrial products company’s stock, valued at approximately $225,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Proto Labs by 52.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,375 shares of the industrial products company’s stock valued at $142,000 after purchasing an additional 471 shares in the last quarter. Advisor Group Inc. grew its position in shares of Proto Labs by 3.6% during the 2nd quarter. Advisor Group Inc. now owns 3,409 shares of the industrial products company’s stock valued at $230,000 after purchasing an additional 119 shares in the last quarter. Amalgamated Bank purchased a new position in shares of Proto Labs during the 2nd quarter valued at $230,000. Cubist Systematic Strategies LLC purchased a new position in shares of Proto Labs during the 3rd quarter valued at $238,000. Finally, Hanseatic Management Services Inc. purchased a new position in shares of Proto Labs during the 3rd quarter valued at $243,000.

In related news, VP John B. Tumelty sold 13,556 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $92.07, for a total value of $1,248,100.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rainer Gawlick sold 1,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $90.31, for a total transaction of $135,465.00. Following the completion of the transaction, the director now owns 6,925 shares of the company’s stock, valued at $625,396.75. The disclosure for this sale can be found here. Insiders sold 19,556 shares of company stock valued at $1,814,101 over the last quarter. 7.78% of the stock is owned by company insiders.

A number of research firms have recently commented on PRLB. Zacks Investment Research lowered shares of Proto Labs from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th. Piper Jaffray Companies restated a “hold” rating and set a $84.00 price target on shares of Proto Labs in a research report on Thursday, December 14th. Finally, Craig Hallum set a $92.00 price target on shares of Proto Labs and gave the company a “hold” rating in a research report on Monday, November 27th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $86.50.

Proto Labs Inc (NYSE PRLB) opened at $105.90 on Monday. The company has a market cap of $2,821.79, a price-to-earnings ratio of 54.87, a PEG ratio of 2.38 and a beta of 1.08. Proto Labs Inc has a 1 year low of $48.00 and a 1 year high of $113.05.

Proto Labs (NYSE:PRLB) last released its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. Proto Labs had a net margin of 15.03% and a return on equity of 12.22%. The firm had revenue of $94.18 million during the quarter, compared to analyst estimates of $92.20 million. During the same period in the previous year, the business earned $0.41 EPS. The business’s revenue for the quarter was up 30.2% on a year-over-year basis. analysts forecast that Proto Labs Inc will post 2.19 EPS for the current year.

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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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