Victory Capital Management Inc. increased its position in Proto Labs, Inc. (NYSE:PRLB) by 15,548.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 363,509 shares of the industrial products company’s stock after purchasing an additional 361,186 shares during the quarter. Victory Capital Management Inc. owned approximately 1.37% of Proto Labs worth $29,190,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in Proto Labs by 25.3% during the second quarter. Russell Investments Group Ltd. now owns 16,501 shares of the industrial products company’s stock valued at $1,110,000 after buying an additional 3,337 shares during the last quarter. Vanguard Group Inc. raised its stake in Proto Labs by 2.7% during the second quarter. Vanguard Group Inc. now owns 2,176,051 shares of the industrial products company’s stock valued at $146,339,000 after buying an additional 56,724 shares during the last quarter. Janus Henderson Group PLC raised its stake in Proto Labs by 411.4% during the second quarter. Janus Henderson Group PLC now owns 1,301,429 shares of the industrial products company’s stock valued at $87,521,000 after buying an additional 1,046,960 shares during the last quarter. BlackRock Inc. raised its stake in Proto Labs by 146,773.4% during the first quarter. BlackRock Inc. now owns 2,905,155 shares of the industrial products company’s stock valued at $148,453,000 after buying an additional 2,903,177 shares during the last quarter. Finally, Royce & Associates LP raised its stake in Proto Labs by 33.8% during the second quarter. Royce & Associates LP now owns 61,603 shares of the industrial products company’s stock valued at $4,143,000 after buying an additional 15,578 shares during the last quarter.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research note on Friday, November 3rd. Piper Jaffray Companies reissued a “hold” rating and issued a $67.00 target price on shares of Proto Labs in a report on Friday, July 28th. Finally, BidaskClub lowered Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Friday, October 6th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $69.33.

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Shares of Proto Labs, Inc. (PRLB) opened at $84.15 on Friday. Proto Labs, Inc. has a fifty-two week low of $48.00 and a fifty-two week high of $89.95. The company has a market capitalization of $2,271.56, a price-to-earnings ratio of 48.71, a P/E/G ratio of 2.28 and a beta of 1.03.

Proto Labs (NYSE:PRLB) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. Proto Labs had a return on equity of 11.63% and a net margin of 14.53%. The company had revenue of $88.10 million during the quarter, compared to analyst estimates of $85.68 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. Proto Labs’s revenue was up 12.7% compared to the same quarter last year. equities analysts predict that Proto Labs, Inc. will post 1.9 earnings per share for the current fiscal year.

Proto Labs Profile

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.

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

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