5 hours Ago By ABMN Staff
Legal & General Group Plc trimmed its position in Proto Labs, Inc. ( NYSE:PRLB – Free Report ) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 75,083 shares of the industrial products company’s stock after selling 686 shares during the period. Legal & General Group Plc owned approximately 0.31% of Proto Labs worth $2,935,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in shares of Proto Labs in the 4th quarter valued at $274,000. Federated Hermes Inc.
increased its holdings in shares of Proto Labs by 4.2% in the fourth quarter. Federated Hermes Inc.
now owns 27,298 shares of the industrial products company’s stock worth $1,067,000 after acquiring an additional 1,106 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Proto Labs by 23.3% during the fourth quarter.
Wells Fargo & Company MN now owns 15,199 shares of the industrial products company’s stock worth $594,000 after purchasing an additional 2,869 shares during the period. ExodusPoint Capital Management LP bought a new position in shares of Proto Labs during the 4th quarter valued at about $1,635,000. Finally, Franklin Resources Inc.
grew its position in shares of Proto Labs by 130.9% in the 4th quarter. Franklin Resources Inc.
now owns 29,992 shares of the industrial products company’s stock valued at $1,172,000 after purchasing an additional 17,003 shares during the period. 84.54% of the stock is currently owned by institutional investors and hedge funds.
Proto Labs Stock Up 1.7 % Shares of PRLB stock opened at $33.85 on Thursday.
Proto Labs, Inc. has a 12 month low of $25.76 and a 12 month high of $46.
73. The company’s fifty day simple moving average is $36.53 and its 200-day simple moving average is $37.
45. The firm has a market cap of $804.65 million, a PE ratio of 52.
08 and a beta of 1.52. Wall Street Analysts Forecast Growth A number of research analysts have weighed in on PRLB shares.
StockNews.com lowered shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of Proto Labs in a research note on Friday, February 7th.
Finally, Cantor Fitzgerald lifted their price target on Proto Labs from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, February 10th.
Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.67.
Read Our Latest Stock Report on PRLB Proto Labs Company Profile ( Free Report ) 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.
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