California State Teachers Retirement System Has $3.19 Million Holdings in Proto Labs, Inc. (NYSE:PRLB)

California State Teachers Retirement System reduced its holdings in shares of Proto Labs, Inc. (NYSE:PRLB) by 9.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,719 shares of the industrial products company’s stock after selling 4,197 shares during the period. California State Teachers Retirement System owned about 0.15% of Proto Labs worth $3,189,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PRLB. Vanguard Group Inc. raised its stake in shares of Proto Labs by 2.7% in the second quarter. Vanguard Group Inc. now owns 2,176,051 shares of the industrial products company’s stock worth $146,339,000 after acquiring an additional 56,724 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Proto Labs by 411.4% during the second quarter. Janus Henderson Group PLC now owns 1,301,429 shares of the industrial products company’s stock worth $87,521,000 after buying an additional 1,046,960 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Proto Labs by 2.1% during the third quarter. New York State Common Retirement Fund now owns 651,475 shares of the industrial products company’s stock worth $52,313,000 after buying an additional 13,206 shares during the last quarter. State Street Corp raised its stake in shares of Proto Labs by 5.2% during the second quarter. State Street Corp now owns 595,748 shares of the industrial products company’s stock worth $40,063,000 after buying an additional 29,561 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Proto Labs by 6.9% during the third quarter. Bank of New York Mellon Corp now owns 532,813 shares of the industrial products company’s stock worth $42,784,000 after buying an additional 34,615 shares during the last quarter.

Proto Labs, Inc. (NYSE PRLB) opened at $108.60 on Thursday. The company has a market cap of $2,852.44, a PE ratio of 62.06, a P/E/G ratio of 2.33 and a beta of 1.07. Proto Labs, Inc. has a one year low of $48.00 and a one year high of $111.45.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. Proto Labs had a net margin of 14.53% and a return on equity of 11.63%. The firm had revenue of $88.10 million for the quarter, compared to the consensus estimate of $85.68 million. During the same period in the prior year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. equities research analysts forecast that Proto Labs, Inc. will post 1.89 EPS for the current fiscal year.

In other news, VP Robert Bodor sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $94.79, for a total value of $379,160.00. Following the sale, the vice president now directly owns 20,578 shares in the company, valued at approximately $1,950,588.62. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John B. Tumelty sold 13,556 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $92.07, for a total transaction of $1,248,100.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,556 shares of company stock worth $1,814,101. 7.78% of the stock is currently owned by corporate insiders.

A number of research analysts recently issued reports on PRLB shares. Zacks Investment Research upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Friday, November 3rd. BidaskClub lowered shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Piper Jaffray Companies reissued a “hold” rating and issued a $84.00 price objective on shares of Proto Labs in a research report on Thursday, December 14th. Finally, Craig Hallum set a $92.00 price target on shares of Proto Labs and gave the stock a “hold” rating in a research report on Monday, November 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Proto Labs has a consensus rating of “Hold” and a consensus price target of $85.25.

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Proto Labs 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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