Principal Financial Group Inc. raised its stake in shares of Proto Labs, Inc. (NYSE:PRLB) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,853 shares of the industrial products company’s stock after buying an additional 3,351 shares during the quarter. Principal Financial Group Inc. owned about 0.71% of Proto Labs worth $12,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in PRLB. BlackRock Inc. grew its holdings in shares of Proto Labs by 146,773.4% in the first quarter. BlackRock Inc. now owns 2,905,155 shares of the industrial products company’s stock valued at $148,453,000 after purchasing an additional 2,903,177 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Proto Labs by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,119,327 shares of the industrial products company’s stock valued at $108,298,000 after purchasing an additional 103,656 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Proto Labs by 15.0% in the first quarter. Stephens Investment Management Group LLC now owns 706,528 shares of the industrial products company’s stock valued at $36,104,000 after purchasing an additional 91,950 shares in the last quarter. State Street Corp grew its holdings in shares of Proto Labs by 9.5% in the first quarter. State Street Corp now owns 566,187 shares of the industrial products company’s stock valued at $28,931,000 after purchasing an additional 49,121 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Proto Labs by 44.2% in the second quarter. Bank of New York Mellon Corp now owns 498,198 shares of the industrial products company’s stock valued at $33,504,000 after purchasing an additional 152,637 shares in the last quarter.

In related news, VP Robert Bodor sold 741 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $73.84, for a total transaction of $54,715.44. Following the transaction, the vice president now owns 17,319 shares of the company’s stock, valued at approximately $1,278,834.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 7.78% of the company’s stock.

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Proto Labs, Inc. (NYSE PRLB) opened at 74.60 on Friday. The firm’s 50-day moving average is $72.50 and its 200 day moving average is $63.59. Proto Labs, Inc. has a 1-year low of $43.10 and a 1-year high of $75.80. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 43.37 and a beta of 0.99.

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

A number of research analysts recently weighed in on PRLB shares. Dougherty & Co raised shares of Proto Labs from a “sell” rating to a “neutral” rating in a report on Tuesday, June 27th. Zacks Investment Research lowered shares of Proto Labs from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, 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. Four investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $59.33.

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.

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

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