164,710 Shares in Proto Labs, Inc. (PRLB) Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC purchased a new stake in shares of Proto Labs, Inc. (NYSE:PRLB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 164,710 shares of the industrial products company’s stock, valued at approximately $8,416,000.

Other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Proto Labs during the fourth quarter worth about $24,400,000. Arrowpoint Asset Management LLC boosted its position in shares of Proto Labs by 28.8% in the fourth quarter. Arrowpoint Asset Management LLC now owns 1,164,532 shares of the industrial products company’s stock worth $59,799,000 after buying an additional 260,602 shares during the last quarter. Janus Capital Management LLC boosted its position in shares of Proto Labs by 10.8% in the fourth quarter. Janus Capital Management LLC now owns 1,281,770 shares of the industrial products company’s stock worth $65,819,000 after buying an additional 124,492 shares during the last quarter. Brown Capital Management LLC boosted its position in shares of Proto Labs by 2.9% in the first quarter. Brown Capital Management LLC now owns 3,801,528 shares of the industrial products company’s stock worth $194,258,000 after buying an additional 107,183 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position 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 worth $108,298,000 after buying an additional 103,656 shares during the last quarter.

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

Shares of Proto Labs, Inc. (PRLB) traded down 1.37% during trading on Friday, hitting $64.90. The company had a trading volume of 86,625 shares. The stock has a market cap of $1.72 billion, a PE ratio of 38.86 and a beta of 0.77. Proto Labs, Inc. has a 12-month low of $43.10 and a 12-month high of $68.20. The firm has a 50 day moving average of $63.26 and a 200 day moving average of $55.26.

Proto Labs (NYSE:PRLB) last issued its earnings results on Thursday, April 27th. The industrial products company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.40 by $0.11. The company had revenue of $80.20 million during the quarter, compared to analysts’ expectations of $75.05 million. Proto Labs had a net margin of 14.48% and a return on equity of 11.84%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. On average, analysts forecast that Proto Labs, Inc. will post $2.04 earnings per share for the current fiscal year.

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PRLB has been the topic of a number of recent research reports. Zacks Investment Research cut Proto Labs from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. Dougherty & Co lifted their target price on Proto Labs from $42.50 to $45.00 and gave the stock a “sell” rating in a report on Friday, April 28th. Finally, TheStreet upgraded Proto Labs from a “c+” rating to a “b-” rating in a report on Friday, May 5th.

In other Proto Labs news, Director John B. Tumelty sold 11,896 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $61.72, for a total transaction of $734,221.12. Following the completion of the sale, the director now owns 4,299 shares in the company, valued at approximately $265,334.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rainer Gawlick sold 833 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $64.05, for a total transaction of $53,353.65. Following the sale, the director now owns 6,258 shares of the company’s stock, valued at approximately $400,824.90. The disclosure for this sale can be found here. Insiders own 7.78% of the company’s stock.

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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