Dynamic Technology Lab Private Ltd Makes New $753,000 Investment 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,652 shares of the industrial products company’s stock, valued at approximately $753,000.

Other hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new position in shares of Proto Labs during the second quarter valued at about $37,000. Innealta Capital LLC acquired a new position in shares of Proto Labs during the second quarter valued at about $40,000. KBC Group NV increased its holdings in shares of Proto Labs by 69.3% during the third quarter. KBC Group NV now owns 1,541 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 631 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Proto Labs during the second quarter valued at about $80,000. Finally, Intech Investment Management LLC acquired a new position in Proto Labs in the 3rd quarter worth approximately $232,000. Institutional investors and hedge funds own 84.54% of the company’s stock.

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 purchased at an average price of $28.68 per share, for a total transaction of $99,806.40. Following the transaction, the chief executive officer now directly owns 80,878 shares of the company’s stock, valued at approximately $2,319,581.04. This represents a 4.50 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PRLB shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $40.00 price target on shares of Proto Labs in a report on Monday, November 4th. Craig Hallum increased their price target on shares of Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Needham & Company LLC reiterated a “hold” rating on shares of Proto Labs in a report on Friday, November 1st. Finally, StockNews.com downgraded shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Proto Labs has an average rating of “Moderate Buy” and an average price target of $40.33.

Proto Labs Trading Down 0.8 %

Proto Labs stock opened at $40.80 on Friday. Proto Labs, Inc. has a 12 month low of $25.75 and a 12 month high of $42.66. The stock’s 50 day simple moving average is $32.29 and its two-hundred day simple moving average is $31.36. The firm has a market cap of $1.00 billion, a PE ratio of 43.40 and a beta of 1.32.

Proto Labs (NYSE:PRLB) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.32 by $0.15. Proto Labs had a return on equity of 3.49% and a net margin of 4.76%. The business had revenue of $125.60 million for the quarter, compared to analyst estimates of $121.38 million. During the same quarter in the prior year, the firm posted $0.31 EPS. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities research analysts forecast that Proto Labs, Inc. will post 0.84 EPS 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.