Proto Labs, Inc. (NYSE:PRLB) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd lifted its holdings in shares of Proto Labs, Inc. (NYSE:PRLB) by 16.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,941 shares of the industrial products company’s stock after purchasing an additional 1,834 shares during the quarter. XTX Topco Ltd’s holdings in Proto Labs were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in shares of Proto Labs during the second quarter valued at about $37,000. Innealta Capital LLC acquired a new stake in Proto Labs during the 2nd quarter worth approximately $40,000. KBC Group NV boosted its position in Proto Labs by 69.3% in the 3rd quarter. KBC Group NV now owns 1,541 shares of the industrial products company’s stock valued at $45,000 after buying an additional 631 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Proto Labs in the second quarter worth $80,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in Proto Labs by 40.6% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,108 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 1,186 shares in the last quarter. 84.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of Proto Labs in a report on Friday, November 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $40.00 price objective on shares of Proto Labs in a research report on Monday, November 4th. Finally, Craig Hallum boosted their price target on shares of Proto Labs from $30.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.33.

Proto Labs Trading Down 1.5 %

NYSE:PRLB opened at $43.59 on Monday. The firm’s fifty day simple moving average is $35.58 and its 200 day simple moving average is $32.29. Proto Labs, Inc. has a twelve month low of $25.75 and a twelve month high of $45.15. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 46.37 and a beta of 1.45.

Proto Labs (NYSE:PRLB) last issued its earnings results on Friday, November 1st. The industrial products company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.15. The company had revenue of $125.60 million during the quarter, compared to the consensus estimate of $121.38 million. Proto Labs had a return on equity of 3.49% and a net margin of 4.76%. The company’s revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 earnings per share. On average, analysts predict that Proto Labs, Inc. will post 0.84 earnings per share 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.