Deutsche Bank AG Has $3.58 Million Stake in Proto Labs, Inc. $PRLB

Deutsche Bank AG decreased its position in shares of Proto Labs, Inc. (NYSE:PRLB) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,169 shares of the industrial products company’s stock after selling 2,129 shares during the quarter. Deutsche Bank AG owned approximately 0.43% of Proto Labs worth $3,580,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in shares of Proto Labs by 14.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,165 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 267 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Proto Labs by 10.8% during the 1st quarter. Federated Hermes Inc. now owns 30,238 shares of the industrial products company’s stock valued at $1,060,000 after acquiring an additional 2,940 shares in the last quarter. Mackenzie Financial Corp raised its position in Proto Labs by 7.9% during the 1st quarter. Mackenzie Financial Corp now owns 14,333 shares of the industrial products company’s stock worth $502,000 after purchasing an additional 1,051 shares during the last quarter. Pacer Advisors Inc. raised its position in Proto Labs by 9,033.1% during the 1st quarter. Pacer Advisors Inc. now owns 148,595 shares of the industrial products company’s stock worth $5,207,000 after purchasing an additional 146,968 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Proto Labs during the 1st quarter worth $1,336,000. Institutional investors and hedge funds own 84.54% of the company’s stock.

Insider Buying and Selling at Proto Labs

In other Proto Labs news, CEO Suresh Krishna acquired 1,725 shares of the stock in a transaction dated Monday, August 4th. The stock was purchased at an average cost of $43.51 per share, with a total value of $75,054.75. Following the transaction, the chief executive officer owned 18,021 shares in the company, valued at approximately $784,093.71. The trade was a 10.59% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

Proto Labs Stock Up 0.6%

Shares of NYSE:PRLB opened at $48.43 on Tuesday. The business has a fifty day simple moving average of $41.26 and a 200 day simple moving average of $39.06. Proto Labs, Inc. has a 12-month low of $26.34 and a 12-month high of $49.39. The firm has a market cap of $1.16 billion, a P/E ratio of 80.71 and a beta of 1.33.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.08. Proto Labs had a return on equity of 2.22% and a net margin of 2.91%. The firm had revenue of $135.06 million during the quarter, compared to analyst estimates of $128.05 million. During the same period last year, the company posted $0.38 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts expect that Proto Labs, Inc. will post 0.81 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on PRLB shares. Cantor Fitzgerald raised their target price on Proto Labs from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Craig Hallum raised Proto Labs from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Friday, August 1st. Finally, Wall Street Zen raised Proto Labs from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd.

Proto Labs 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.