American Century Companies Inc. Buys 812 Shares of Proto Labs, Inc. (NYSE:PRLB)

American Century Companies Inc. boosted its position in Proto Labs, Inc. (NYSE:PRLB) by 1.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 42,931 shares of the industrial products company’s stock after buying an additional 812 shares during the period. American Century Companies Inc.’s holdings in Proto Labs were worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC raised its position in shares of Proto Labs by 146.5% in the second quarter. Quest Partners LLC now owns 30,403 shares of the industrial products company’s stock valued at $939,000 after buying an additional 18,068 shares in the last quarter. Innealta Capital LLC bought a new position in Proto Labs in the second quarter valued at about $40,000. Panagora Asset Management Inc. lifted its holdings in shares of Proto Labs by 4.0% in the second quarter. Panagora Asset Management Inc. now owns 168,033 shares of the industrial products company’s stock worth $5,191,000 after acquiring an additional 6,469 shares during the last quarter. Bailard Inc. acquired a new stake in shares of Proto Labs in the 2nd quarter valued at approximately $405,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Proto Labs during the 2nd quarter valued at approximately $7,535,000. 84.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Proto Labs news, CEO Robert Bodor bought 3,480 shares of Proto Labs stock in a transaction dated 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 acquisition, the chief executive officer now directly owns 80,878 shares in the company, valued at approximately $2,319,581.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by corporate insiders.

Proto Labs Trading Up 1.2 %

NYSE:PRLB opened at $29.42 on Monday. The firm has a fifty day simple moving average of $30.24 and a two-hundred day simple moving average of $31.39. The stock has a market capitalization of $739.91 million, a price-to-earnings ratio of 38.21 and a beta of 1.32. Proto Labs, Inc. has a 12 month low of $23.01 and a 12 month high of $41.87.

Proto Labs (NYSE:PRLB) last issued 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 firm had revenue of $125.60 million during the quarter, compared to analysts’ expectations of $126.25 million. Proto Labs had a net margin of 4.86% and a return on equity of 3.60%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned ($0.01) earnings per share. Equities analysts predict that Proto Labs, Inc. will post 0.7 earnings per share for the current fiscal 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.