Cubist Systematic Strategies LLC Purchases New Position in Proto Labs, Inc. (PRLB)

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.

In other Proto Labs news, VP Robert Bodor sold 4,000 shares of Proto Labs stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $94.79, for a total transaction of $379,160.00. Following the transaction, the vice president now directly owns 20,578 shares of the company’s stock, valued at $1,950,588.62. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Rainer Gawlick sold 1,500 shares of Proto Labs stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $90.31, for a total transaction of $135,465.00. Following the transaction, the director now directly owns 6,925 shares in the company, valued at $625,396.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,556 shares of company stock worth $1,814,101. 7.78% of the stock is currently owned by corporate insiders.

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.

ILLEGAL ACTIVITY NOTICE: “Cubist Systematic Strategies LLC Purchases New Position in Proto Labs, Inc. (PRLB)” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2018/01/09/cubist-systematic-strategies-llc-purchases-new-position-in-proto-labs-inc-prlb.html.

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.

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

Receive News & Ratings for Proto Labs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proto Labs and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit