XTX Topco Ltd Buys 4,336 Shares of Proto Labs, Inc. (NYSE:PRLB)

XTX Topco Ltd increased its stake in Proto Labs, Inc. (NYSE:PRLB) by 64.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,107 shares of the industrial products company’s stock after purchasing an additional 4,336 shares during the quarter. XTX Topco Ltd’s holdings in Proto Labs were worth $343,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. lifted its stake in shares of Proto Labs by 17.7% in the first quarter. Hillsdale Investment Management Inc. now owns 118,094 shares of the industrial products company’s stock worth $4,222,000 after buying an additional 17,720 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in Proto Labs by 89.3% during the 1st quarter. Jupiter Asset Management Ltd. now owns 147,011 shares of the industrial products company’s stock worth $5,256,000 after acquiring an additional 69,347 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Proto Labs during the first quarter valued at about $1,560,000. Vanguard Group Inc. grew its position in shares of 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 valued at $106,541,000 after purchasing an additional 57,894 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Proto Labs by 0.9% in the first quarter. Nordea Investment Management AB now owns 170,015 shares of the industrial products company’s stock worth $6,115,000 after purchasing an additional 1,551 shares during the period. Institutional investors own 84.54% of the company’s stock.

Proto Labs Stock Up 2.9 %

PRLB stock opened at $29.08 on Friday. Proto Labs, Inc. has a twelve month low of $23.01 and a twelve month high of $41.87. The company has a market cap of $736.06 million, a PE ratio of 37.76 and a beta of 1.32. The business’s 50-day simple moving average is $30.30 and its 200 day simple moving average is $31.50.

Proto Labs (NYSE:PRLB) last released its quarterly earnings data on Friday, August 2nd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $125.60 million for the quarter, compared to analysts’ expectations of $126.25 million. Proto Labs had a return on equity of 3.60% and a net margin of 4.86%. Proto Labs’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) earnings per share. On average, equities research analysts anticipate that Proto Labs, Inc. will post 0.7 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and set a $44.00 target price on shares of Proto Labs in a research note on Tuesday, July 30th. StockNews.com cut Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of Proto Labs in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Insider Activity

In other Proto Labs news, CEO Robert Bodor bought 3,480 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $28.68 per share, for a total transaction of $99,806.40. Following the transaction, the chief executive officer now owns 80,878 shares in the company, valued at $2,319,581.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Proto Labs 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.