Dimensional Fund Advisors LP Acquires 64,067 Shares of Proto Labs, Inc. (NYSE:PRLB)

Dimensional Fund Advisors LP increased its position in Proto Labs, Inc. (NYSE:PRLB - Get Rating) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 790,826 shares of the industrial products company's stock after purchasing an additional 64,067 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.92% of Proto Labs worth $20,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in Proto Labs by 1.7% during the fourth quarter. Principal Financial Group Inc. now owns 172,394 shares of the industrial products company's stock valued at $4,401,000 after buying an additional 2,867 shares during the last quarter. UBS Group AG raised its stake in Proto Labs by 62.3% during the fourth quarter. UBS Group AG now owns 39,094 shares of the industrial products company's stock valued at $998,000 after buying an additional 15,012 shares during the last quarter. Swiss National Bank raised its stake in Proto Labs by 1.8% during the fourth quarter. Swiss National Bank now owns 66,400 shares of the industrial products company's stock valued at $1,695,000 after buying an additional 1,200 shares during the last quarter. Duality Advisers LP purchased a new position in Proto Labs during the fourth quarter valued at $434,000. Finally, Envestnet Asset Management Inc. raised its stake in Proto Labs by 10.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 9,509 shares of the industrial products company's stock valued at $243,000 after buying an additional 898 shares during the last quarter. Hedge funds and other institutional investors own 88.41% of the company's stock.

Shares of NYSE PRLB opened at $32.58 on Tuesday. The stock's fifty day simple moving average is $30.80 and its two-hundred day simple moving average is $29.59. Proto Labs, Inc. has a 12-month low of $22.04 and a 12-month high of $53.00.

Several research analysts have recently weighed in on PRLB shares. StockNews.com initiated coverage on Proto Labs in a research note on Thursday, May 18th. They issued a "buy" rating for the company. Lake Street Capital upped their price objective on Proto Labs from $37.50 to $40.00 in a research report on Monday, February 13th. Benchmark upgraded Proto Labs from a "hold" rating to a "buy" rating and set a $45.00 price objective on the stock in a research report on Monday, February 13th. TheStreet cut Proto Labs from a "c-" rating to a "d" rating in a research note on Friday, February 10th. Finally, Craig Hallum increased their price objective on Proto Labs from $20.00 to $25.00 and gave the stock a "sell" rating in a research note on Monday, February 13th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.67.

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.

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