Partnervest Advisory Services LLC bought a new position in Proto Labs, Inc. (NYSE:PRLB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,134 shares of the industrial products company’s stock, valued at approximately $211,000.

Several other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of Proto Labs by 65.6% in the first quarter. Victory Capital Management Inc. now owns 1,974 shares of the industrial products company’s stock worth $101,000 after buying an additional 782 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of Proto Labs during the first quarter worth $109,000. UBS Group AG raised its position in shares of Proto Labs by 128.0% in the first quarter. UBS Group AG now owns 2,603 shares of the industrial products company’s stock worth $133,000 after buying an additional 11,895 shares during the period. State of Alaska Department of Revenue raised its position in shares of Proto Labs by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 2,690 shares of the industrial products company’s stock worth $137,000 after buying an additional 60 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Proto Labs by 27.1% in the first quarter. SG Americas Securities LLC now owns 2,830 shares of the industrial products company’s stock worth $145,000 after buying an additional 603 shares during the period.

Proto Labs, Inc. (NYSE PRLB) opened at 71.10 on Friday. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 41.34 and a beta of 0.93. The firm’s 50-day moving average price is $70.45 and its 200-day moving average price is $60.02. Proto Labs, Inc. has a 1-year low of $43.10 and a 1-year high of $75.55.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.43 by $0.06. Proto Labs had a return on equity of 11.75% and a net margin of 14.59%. The business had revenue of $82.04 million for the quarter, compared to the consensus estimate of $80.49 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. Proto Labs’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts forecast that Proto Labs, Inc. will post $2.06 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Partnervest Advisory Services LLC Buys New Position in Proto Labs, Inc. (NYSE:PRLB)” was published by Daily Political and is the property of of Daily Political. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://www.dailypolitical.com/2017/08/11/partnervest-advisory-services-llc-buys-new-position-in-proto-labs-inc-nyseprlb.html.

A number of equities analysts have recently weighed in on PRLB shares. TheStreet upgraded Proto Labs from a “c+” rating to a “b-” rating in a research note on Friday, May 5th. Zacks Investment Research upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research note on Wednesday, May 3rd. Piper Jaffray Companies reiterated a “hold” rating and set a $67.00 target price on shares of Proto Labs in a research note on Friday, July 28th. Finally, Dougherty & Co upgraded Proto Labs from a “sell” rating to a “neutral” rating in a research note on Tuesday, June 27th. Four investment analysts have rated the stock with a hold rating, Proto Labs presently has an average rating of “Hold” and a consensus target price of $60.75.

In other Proto Labs news, VP Robert Bodor sold 3,259 shares of the stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $72.02, for a total transaction of $234,713.18. Following the sale, the vice president now owns 19,837 shares in the company, valued at $1,428,660.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rainer Gawlick sold 833 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $64.05, for a total value of $53,353.65. Following the sale, the director now owns 6,258 shares in the company, valued at approximately $400,824.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,833 shares of company stock worth $342,782. 7.78% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding PRLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Proto Labs, Inc. (NYSE:PRLB).

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

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