6,016 Shares in Proto Labs, Inc. (NYSE:PRLB) Bought by Versor Investments LP

Versor Investments LP purchased a new stake in shares of Proto Labs, Inc. (NYSE:PRLB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,016 shares of the industrial products company’s stock, valued at approximately $235,000.

Several other large investors have also recently modified their holdings of PRLB. KBC Group NV lifted its stake in Proto Labs by 69.3% in the third quarter. KBC Group NV now owns 1,541 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 631 shares during the period. Modus Advisors LLC bought a new stake in shares of Proto Labs during the fourth quarter valued at approximately $87,000. Point72 Asia Singapore Pte. Ltd. grew its stake in Proto Labs by 40.6% in the third 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 during the period. Meeder Asset Management Inc. raised its holdings in Proto Labs by 72.3% in the third quarter. Meeder Asset Management Inc. now owns 4,465 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 1,873 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in Proto Labs during the third quarter valued at $201,000. Hedge funds and other institutional investors own 84.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on PRLB shares. Cantor Fitzgerald upped their target price on shares of Proto Labs from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Needham & Company LLC reiterated a “hold” rating on shares of Proto Labs in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.67.

Proto Labs Stock Down 1.1 %

NYSE:PRLB opened at $37.86 on Wednesday. Proto Labs, Inc. has a 52 week low of $25.75 and a 52 week high of $46.73. The stock has a market cap of $917.36 million, a price-to-earnings ratio of 58.24 and a beta of 1.45. The company’s 50 day moving average price is $40.52 and its 200-day moving average price is $36.02.

Proto Labs announced that its board has approved a stock repurchase plan on Friday, February 7th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the industrial products company to purchase up to 9.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

About Proto Labs

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.