Zurcher Kantonalbank Zurich Cantonalbank Has $164,000 Stock Holdings in Proto Labs, Inc. (NYSE:PRLB)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Proto Labs, Inc. (NYSE:PRLB) by 20.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,214 shares of the industrial products company’s stock after selling 1,065 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Proto Labs were worth $164,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. S Squared Technology LLC raised its position in shares of Proto Labs by 177.3% during the third quarter. S Squared Technology LLC now owns 251,803 shares of the industrial products company’s stock worth $6,648,000 after purchasing an additional 161,008 shares during the period. Brandywine Global Investment Management LLC acquired a new position in Proto Labs in the 3rd quarter worth $2,090,000. Trexquant Investment LP acquired a new stake in shares of Proto Labs in the 3rd quarter valued at about $1,227,000. GSA Capital Partners LLP acquired a new stake in shares of Proto Labs in the 3rd quarter valued at about $1,130,000. Finally, FMR LLC boosted its position in Proto Labs by 21.1% during the 3rd quarter. FMR LLC now owns 234,765 shares of the industrial products company’s stock worth $6,198,000 after acquiring an additional 40,903 shares during the last quarter. Institutional investors and hedge funds own 84.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. StockNews.com raised shares of Proto Labs from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Craig Hallum decreased their price objective on Proto Labs from $38.00 to $34.00 and set a “hold” rating for the company in a report on Monday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Proto Labs in a report on Monday.

Proto Labs Price Performance

Proto Labs stock opened at $31.70 on Thursday. The company’s 50-day moving average is $33.67 and its 200-day moving average is $34.83. The firm has a market capitalization of $802.52 million, a PE ratio of 41.17 and a beta of 1.36. Proto Labs, Inc. has a fifty-two week low of $23.01 and a fifty-two week high of $41.87.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings results on Friday, February 9th. The industrial products company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Proto Labs had a return on equity of 2.88% and a net margin of 3.92%. The business had revenue of $125.10 million for the quarter, compared to analyst estimates of $122.81 million. During the same period last year, the firm earned ($4.24) EPS. Proto Labs’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, analysts expect that Proto Labs, Inc. will post 0.94 EPS for the current year.

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.