Public Employees Retirement Association of Colorado boosted its stake in Proto Labs, Inc. (NYSE:PRLB) by 48.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 207,580 shares of the industrial products company’s stock after buying an additional 67,580 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.78% of Proto Labs worth $16,669,000 at the end of the most recent quarter.

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

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

Proto Labs (NYSE:PRLB) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The firm had revenue of $88.10 million during the quarter, compared to analysts’ expectations of $85.68 million. Proto Labs had a net margin of 14.53% and a return on equity of 11.63%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share.

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Proto Labs Company 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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