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

Engineers Gate Manager LP lifted its position in shares of Proto Labs, Inc. (NYSE:PRLB) by 84.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,780 shares of the industrial products company’s stock after buying an additional 12,280 shares during the period. Engineers Gate Manager LP owned approximately 0.11% of Proto Labs worth $2,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in Proto Labs in the second quarter valued at approximately $317,581,000. California State Teachers Retirement System boosted its position in shares of Proto Labs by 9,497.9% during the second quarter. California State Teachers Retirement System now owns 2,204,356 shares of the industrial products company’s stock worth $179,677,000 after buying an additional 2,181,389 shares during the period. American Capital Management Inc. acquired a new stake in shares of Proto Labs in the second quarter valued at $50,524,000. S Squared Technology LLC acquired a new stake in shares of Proto Labs in the second quarter valued at $23,484,661. Finally, Auto Owners Insurance Co raised its holdings in shares of Proto Labs by 4,959.0% in the 4th quarter. Auto Owners Insurance Co now owns 227,655 shares of the industrial products company’s stock valued at $11,517,000 after buying an additional 223,155 shares during the period. Institutional investors and hedge funds own 84.54% of the company’s stock.

Proto Labs Stock Down 4.5%

NYSE:PRLB opened at $78.27 on Tuesday. Proto Labs, Inc. has a 52 week low of $45.10 and a 52 week high of $93.00. The company has a fifty day simple moving average of $80.61 and a two-hundred day simple moving average of $72.12. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 62.61 and a beta of 1.42.

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

Analysts Set New Price Targets

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

About Proto Labs

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.