Dynamic Technology Lab Private Ltd Takes $753,000 Position in Proto Labs, Inc. (NYSE:PRLB)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Proto Labs, Inc. (NYSE:PRLB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,652 shares of the industrial products company’s stock, valued at approximately $753,000. Dynamic Technology Lab Private Ltd owned about 0.10% of Proto Labs at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Proto Labs by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,980,157 shares of the industrial products company’s stock worth $106,541,000 after purchasing an additional 57,894 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its position in Proto Labs by 1.9% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,946,349 shares of the industrial products company’s stock worth $60,123,000 after purchasing an additional 36,510 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Proto Labs by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,110,566 shares of the industrial products company’s stock worth $34,305,000 after purchasing an additional 130,670 shares during the last quarter. Pacer Advisors Inc. increased its position in Proto Labs by 44,804.1% in the third quarter. Pacer Advisors Inc. now owns 573,874 shares of the industrial products company’s stock worth $16,855,000 after purchasing an additional 572,596 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Proto Labs by 32.3% in the second quarter. Renaissance Technologies LLC now owns 435,823 shares of the industrial products company’s stock worth $13,463,000 after purchasing an additional 106,423 shares during the last quarter. Institutional investors own 84.54% of the company’s stock.

Insider Activity

In other Proto Labs news, CEO Robert Bodor acquired 3,480 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $28.68 per share, with a total value of $99,806.40. Following the completion of the purchase, the chief executive officer now directly owns 80,878 shares in the company, valued at $2,319,581.04. The trade was a 4.50 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

PRLB has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $40.00 price objective on shares of Proto Labs in a research note on Monday, November 4th. StockNews.com lowered shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 5th. Craig Hallum lifted their price objective on shares of Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Proto Labs in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.33.

Proto Labs Trading Down 0.8 %

Shares of PRLB opened at $40.80 on Friday. The firm has a market capitalization of $1.00 billion, a P/E ratio of 43.40 and a beta of 1.32. Proto Labs, Inc. has a 12-month low of $25.75 and a 12-month high of $42.66. The firm has a fifty day moving average price of $32.29 and a 200-day moving average price of $31.36.

Proto Labs (NYSE:PRLB) last issued its earnings results on Friday, November 1st. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.15. The firm had revenue of $125.60 million during the quarter, compared to analyst estimates of $121.38 million. Proto Labs had a net margin of 4.76% and a return on equity of 3.49%. The business’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 earnings per share. Analysts predict that Proto Labs, Inc. will post 0.84 earnings per share for the current year.

Proto Labs Company Profile

Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.