Invesco Ltd. Decreases Stake in Proto Labs, Inc. (NYSE:PRLB)

Invesco Ltd. decreased its holdings in Proto Labs, Inc. (NYSE:PRLB – Free Report) by 4.

5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 96,736 shares of the industrial products company’s stock after selling 4,595 shares during the period. Invesco Ltd.



owned approximately 0.39% of Proto Labs worth $3,781,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently bought and sold shares of PRLB.

Empowered Funds LLC raised its stake in shares of Proto Labs by 544.3% during the fourth quarter. Empowered Funds LLC now owns 95,359 shares of the industrial products company’s stock valued at $3,728,000 after purchasing an additional 80,558 shares during the period.

JPMorgan Chase & Co. grew its holdings in Proto Labs by 93.1% during the 3rd quarter.

JPMorgan Chase & Co. now owns 139,890 shares of the industrial products company’s stock valued at $4,109,000 after purchasing an additional 67,449 shares in the last quarter. Nordea Investment Management AB increased its stake in Proto Labs by 76.

0% during the 4th quarter. Nordea Investment Management AB now owns 244,987 shares of the industrial products company’s stock worth $9,711,000 after buying an additional 105,813 shares during the period. Barclays PLC lifted its holdings in Proto Labs by 66.

4% in the 3rd quarter. Barclays PLC now owns 42,633 shares of the industrial products company’s stock worth $1,252,000 after buying an additional 17,017 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Proto Labs by 0.

7% in the 3rd quarter. Geode Capital Management LLC now owns 585,809 shares of the industrial products company’s stock worth $17,209,000 after buying an additional 4,285 shares in the last quarter. 84.

54% of the stock is owned by institutional investors and hedge funds. Proto Labs Trading Up 0.2 %Shares of NYSE PRLB opened at $35.

15 on Monday. The company has a market capitalization of $835.55 million, a price-to-earnings ratio of 54.

08 and a beta of 1.52. Proto Labs, Inc.

has a twelve month low of $25.76 and a twelve month high of $46.73.

The business has a 50 day simple moving average of $36.15 and a 200-day simple moving average of $37.68.

Proto Labs declared that its board has initiated a share buyback program on Friday, February 7th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 9.

8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued. Analyst Upgrades and DowngradesA number of analysts have recently issued reports on PRLB shares.

Cantor Fitzgerald lifted their target price on 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 reaffirmed a “hold” rating on shares of Proto Labs in a research report on Friday, February 7th. Finally, StockNews.com downgraded shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Proto Labs presently has an average rating of “Moderate Buy” and an average target price of $43.67.

View Our Latest Stock Report on PRLBAbout Proto Labs (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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