State Board of Administration of Florida Retirement System Sells 630 Shares of Proto Labs, Inc. (NYSE:PRLB)

State Board of Administration of Florida Retirement System reduced its holdings in shares of Proto Labs, Inc. (NYSE:PRLB – Get Rating) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,969 shares of the industrial products company’s stock after selling 630 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Proto Labs were worth $306,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PRLB. Point72 Hong Kong Ltd bought a new stake in Proto Labs during the second quarter worth $29,000. Allspring Global Investments Holdings LLC bought a new stake in Proto Labs during the third quarter worth $30,000. Quantbot Technologies LP bought a new stake in shares of Proto Labs in the second quarter valued at $30,000. Gladius Capital Management LP bought a new stake in shares of Proto Labs in the fourth quarter valued at $36,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Proto Labs by 339.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,684 shares of the industrial products company’s stock valued at $43,000 after buying an additional 1,301 shares during the period. 88.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Lake Street Capital boosted their target price on Proto Labs from $37.50 to $40.00 in a research note on Monday, February 13th. StockNews.com started coverage on Proto Labs in a research report on Thursday. They issued a “buy” rating for the company. Craig Hallum lifted their price target on Proto Labs from $20.00 to $25.00 and gave the company a “sell” rating in a research report on Monday, February 13th. TheStreet cut Proto Labs from a “c-” rating to a “d” rating in a research report on Friday, February 10th. Finally, Benchmark upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Monday, February 13th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.67.

Proto Labs Stock Down 0.4 %

Shares of NYSE PRLB opened at $32.36 on Monday. The firm has a market capitalization of $847.83 million, a P/E ratio of -8.28 and a beta of 1.19. The stock’s 50-day simple moving average is $30.81 and its two-hundred day simple moving average is $29.03. Proto Labs, Inc. has a twelve month low of $22.04 and a twelve month high of $53.00.

Proto Labs Profile

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Proto Labs, Inc engages in the manufacture of custom prototypes and production parts. It offers 3D printing, CNC machining, and injection molding services. The company was founded by Lawrence J. Lukis and Gregg Bloom on May 5, 1999 and is headquartered in Maple Plain, MN.