<div id="readability-page-1"><p>Vanguard Group Inc. raised its stake in Proto Labs, Inc. (NYSE:PRLB - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The institutional investor owned 2,980,157 shares of the industrial products company's stock after buying an additional 57,894 shares during the quarter. Vanguard Group Inc. owned approximately 11.77% of Proto Labs worth $106,541,000 at the end of the most recent quarter.</p><p>A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tradition Wealth Management LLC raised its stake in Proto Labs by 7.8% during the fourth quarter. Tradition Wealth Management LLC now owns 4,192 shares of the industrial products company's stock worth $163,000 after purchasing an additional 305 shares during the period. Diversified Trust Co increased its holdings in shares of Proto Labs by 5.2% during the 1st quarter. Diversified Trust Co now owns 7,724 shares of the industrial products company's stock worth $276,000 after buying an additional 382 shares during the last quarter. Texas Permanent School Fund Corp raised its position in shares of Proto Labs by 2.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 22,568 shares of the industrial products company's stock valued at $807,000 after buying an additional 534 shares during the period. Russell Investments Group Ltd. lifted its holdings in Proto Labs by 1.9% in the fourth quarter. Russell Investments Group Ltd. now owns 41,448 shares of the industrial products company's stock valued at $1,615,000 after acquiring an additional 766 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in Proto Labs by 3,795.7% in the fourth quarter. International Assets Investment Management LLC now owns 896 shares of the industrial products company's stock worth $35,000 after acquiring an additional 873 shares during the period. 84.54% of the stock is owned by institutional investors and hedge funds. </p><h2>Proto Labs Stock Performance</h2><p>Shares of NYSE:PRLB opened at $28.39 on Friday. Proto Labs, Inc. has a one year low of $23.01 and a one year high of $41.87. The company has a 50-day simple moving average of $31.58 and a 200-day simple moving average of $33.41. The stock has a market capitalization of $718.83 million, a price-to-earnings ratio of 36.87 and a beta of 1.33. </p><p>Proto Labs (NYSE:PRLB - Get Free Report) last announced its quarterly earnings data on Friday, May 3rd. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.07. The company had revenue of $127.89 million for the quarter, compared to analysts' expectations of $123.81 million. Proto Labs had a net margin of 3.92% and a return on equity of 2.88%. As a group, research analysts forecast that Proto Labs, Inc. will post 0.69 EPS for the current fiscal year. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several analysts recently issued reports on PRLB shares. Craig Hallum reduced their price objective on shares of Proto Labs from $38.00 to $34.00 and set a &#34;hold&#34; rating on the stock in a report on Monday, May 6th. Cantor Fitzgerald reiterated an &#34;overweight&#34; rating and issued a $44.00 target price on shares of Proto Labs in a report on Tuesday, July 30th. Needham &amp; Company LLC reissued a &#34;hold&#34; rating on shares of Proto Labs in a research report on Monday, May 6th. Finally, Benchmark restated a &#34;buy&#34; rating and set a $45.00 price target on shares of Proto Labs in a research report on Wednesday, May 29th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Proto Labs presently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $41.25.</p><p><b>View Our Latest Report on PRLB</b></p><h2>Proto Labs Profile</h2> (Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Proto Labs</li><li>The 3 Best Blue-Chip Stocks to Buy Now</li><li>Hims &amp; Hers Stock Falls on DexCom Fears: Analysts Predict Rally</li><li>How to Calculate Inflation Rate</li><li>Snap's Stock Plummets on Q2 Revenue Guidance Shortfall</li><li>Comparing and Trading High PE Ratio Stocks</li><li>Intel Loses a Quarter of Its Value After Horrible Earnings Report</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBSTEI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBSTEI"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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PRLB

<p>Vanguard Group Inc. increased its stake in Proto Labs, Inc. by 2.0% in the 1st quarter. Other hedge funds and institutional investors have also modified their holdings. Proto Labs recently reported better-than-expected quarterly earnings. Several analysts have given ratings and price targets for Proto Labs stock. The company operates as a digital manufacturer of custom parts.</p>

Proto Labs, Inc. (NYSE:PRLB) Shares Bought by Vanguard Group Inc.