Proto Labs, Inc. $PRLB Shares Purchased by Engineers Gate Manager LP

Engineers Gate Manager LP raised its position in Proto Labs, Inc. (NYSE:PRLB) by 84.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,780 shares of the industrial products company’s stock after acquiring an additional 12,280 shares during the quarter. Engineers Gate Manager LP’s holdings in Proto Labs were worth $2,183,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PRLB. BlackRock Inc. purchased a new stake in shares of Proto Labs in the 2nd quarter valued at approximately $317,581,000. California State Teachers Retirement System lifted its position in shares of Proto Labs by 9,497.9% during the 2nd quarter. California State Teachers Retirement System now owns 2,204,356 shares of the industrial products company’s stock worth $179,677,000 after purchasing an additional 2,181,389 shares during the last quarter. American Capital Management Inc. acquired a new position in shares of Proto Labs during the second quarter worth $50,524,000. Renaissance Technologies LLC grew its stake in shares of Proto Labs by 5.4% during the first quarter. Renaissance Technologies LLC now owns 520,251 shares of the industrial products company’s stock worth $29,665,000 after purchasing an additional 26,700 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Proto Labs by 0.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 463,780 shares of the industrial products company’s stock valued at $26,445,000 after buying an additional 3,162 shares during the last quarter. Hedge funds and other institutional investors own 84.54% of the company’s stock.

Proto Labs Price Performance

NYSE PRLB opened at $78.27 on Tuesday. The company has a fifty day moving average of $80.61 and a two-hundred day moving average of $72.12. The company has a market capitalization of $1.87 billion, a PE ratio of 62.61 and a beta of 1.42. Proto Labs, Inc. has a 1 year low of $45.10 and a 1 year high of $93.00.

Proto Labs (NYSE:PRLB) last posted its earnings results on Friday, July 31st. The industrial products company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. Proto Labs had a return on equity of 4.80% and a net margin of 5.44%.The business had revenue of $149.34 million for the quarter, compared to analysts’ expectations of $144.53 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. On average, research analysts expect that Proto Labs, Inc. will post 1.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen downgraded Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Benchmark increased their price objective on Proto Labs from $70.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Zacks Research raised Proto Labs from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Needham & Company LLC upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Monday, August 3rd. Finally, Weiss Ratings raised Proto Labs from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $89.00.

Proto Labs Profile

Proto Labs, Inc (NYSE: PRLB), doing business as Protolabs, is a digital manufacturing company that provides rapid prototyping and on-demand production services. Its platform enables engineers and product developers to upload three-dimensional computer-aided design files, receive automated design analyses and quotes, and order custom parts through a streamlined online process.

The company offers computer numerical control machining, injection molding, 3D printing and sheet-metal fabrication.