Cubist Systematic Strategies LLC purchased a new position in shares of Proto Labs, Inc. (NYSE:PRLB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,958 shares of the industrial products company’s stock, valued at approximately $238,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its position in shares of Proto Labs by 25.3% in the second quarter. Russell Investments Group Ltd. now owns 16,501 shares of the industrial products company’s stock worth $1,110,000 after acquiring an additional 3,337 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Proto Labs by 2.7% in the second quarter. Vanguard Group Inc. now owns 2,176,051 shares of the industrial products company’s stock worth $146,339,000 after acquiring an additional 56,724 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Proto Labs by 411.4% in the second quarter. Janus Henderson Group PLC now owns 1,301,429 shares of the industrial products company’s stock worth $87,521,000 after acquiring an additional 1,046,960 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Proto Labs in the third quarter worth approximately $915,000. Finally, Victory Capital Management Inc. boosted its position in shares of Proto Labs by 15,548.3% in the third quarter. Victory Capital Management Inc. now owns 363,509 shares of the industrial products company’s stock worth $29,190,000 after acquiring an additional 361,186 shares during the last quarter.
Several research firms recently issued reports on PRLB. Zacks Investment Research raised shares of Proto Labs from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Thursday, January 4th. Piper Jaffray Companies reissued a “hold” rating and issued a $84.00 target price on shares of Proto Labs in a research report on Thursday, December 14th. Craig Hallum set a $92.00 target price on shares of Proto Labs and gave the stock a “hold” rating in a research report on Monday, November 27th. Finally, BidaskClub cut shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Proto Labs has an average rating of “Hold” and an average target price of $84.00.
Proto Labs, Inc. (NYSE PRLB) opened at $107.35 on Tuesday. The firm has a market cap of $2,860.00, a P/E ratio of 60.99, a price-to-earnings-growth ratio of 2.31 and a beta of 1.07. Proto Labs, Inc. has a 12-month low of $48.00 and a 12-month high of $109.10.
Proto Labs (NYSE:PRLB) last announced its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. The firm had revenue of $88.10 million for the quarter, compared to analysts’ expectations of $85.68 million. Proto Labs had a net margin of 14.53% and a return on equity of 11.63%. Proto Labs’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 earnings per share. research analysts predict that Proto Labs, Inc. will post 1.89 EPS for the current fiscal year.
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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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