Assenagon Asset Management S.A. Sells 44,545 Shares of Proto Labs, Inc. (NYSE:PRLB)

Assenagon Asset Management S.A. trimmed its holdings in shares of Proto Labs, Inc. (NYSE:PRLB - Free Report) by 40.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,115 shares of the industrial products company's stock after selling 44,545 shares during the quarter. Assenagon Asset Management S.A. owned about 0.27% of Proto Labs worth $2,317,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in Proto Labs by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,300,864 shares of the industrial products company's stock valued at $50,851,000 after buying an additional 68,006 shares during the last quarter. First Trust Advisors LP lifted its position in Proto Labs by 71.9% during the 4th quarter. First Trust Advisors LP now owns 738,576 shares of the industrial products company's stock worth $28,871,000 after acquiring an additional 308,970 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Proto Labs by 2.7% during the fourth quarter. Renaissance Technologies LLC now owns 571,851 shares of the industrial products company's stock valued at $22,354,000 after acquiring an additional 15,000 shares during the period. S Squared Technology LLC grew its position in shares of Proto Labs by 5.1% in the fourth quarter. S Squared Technology LLC now owns 307,003 shares of the industrial products company's stock valued at $12,001,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Proto Labs by 3.4% in the fourth quarter. Northern Trust Corp now owns 281,639 shares of the industrial products company's stock worth $11,009,000 after purchasing an additional 9,314 shares during the period. 84.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Proto Labs from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 6th.

Proto Labs Trading Up 0.0%

NYSE:PRLB traded up $0.01 during trading hours on Friday, hitting $38.03. 90,541 shares of the company traded hands, compared to its average volume of 221,316. Proto Labs, Inc. has a twelve month low of $25.75 and a twelve month high of $46.73. The firm has a 50-day moving average of $37.47 and a 200 day moving average of $38.69. The stock has a market capitalization of $903.97 million, a price-to-earnings ratio of 63.31 and a beta of 1.31.

Proto Labs (NYSE:PRLB - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The industrial products company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.04. Proto Labs had a net margin of 2.99% and a return on equity of 2.22%. The business had revenue of $126.21 million during the quarter, compared to analyst estimates of $123.71 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. Equities research analysts predict that Proto Labs, Inc. will post 0.81 earnings per share for the current fiscal 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.