California Public Employees Retirement System cut its position in Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,567 shares of the industrial products company’s stock after selling 523 shares during the quarter. California Public Employees Retirement System owned about 0.22% of Zebra Technologies worth $29,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB grew its holdings in shares of Zebra Technologies by 10.8% during the 4th quarter. Nordea Investment Management AB now owns 824,820 shares of the industrial products company’s stock valued at $209,974,000 after purchasing an additional 80,550 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Zebra Technologies by 57.5% during the 4th quarter. Russell Investments Group Ltd. now owns 105,546 shares of the industrial products company’s stock valued at $27,070,000 after acquiring an additional 38,522 shares during the period. Boston Partners lifted its position in Zebra Technologies by 2.4% during the 4th quarter. Boston Partners now owns 2,315 shares of the industrial products company’s stock valued at $594,000 after acquiring an additional 54 shares during the period. Trillium Asset Management LLC purchased a new position in Zebra Technologies in the fourth quarter worth about $211,000. Finally, Arizona State Retirement System raised its holdings in Zebra Technologies by 1.7% in the fourth quarter. Arizona State Retirement System now owns 14,659 shares of the industrial products company’s stock worth $3,759,000 after buying an additional 240 shares during the last quarter. 85.16% of the stock is currently owned by hedge funds and other institutional investors.
Zebra Technologies Trading Up 0.6 %
ZBRA stock opened at $271.77 on Thursday. The company has a market capitalization of $13.97 billion, a PE ratio of 23.47 and a beta of 1.67. Zebra Technologies Co. has a 12 month low of $224.87 and a 12 month high of $365.97. The firm’s 50-day moving average is $292.86 and its 200 day moving average is $283.47. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.88 and a quick ratio of 0.47.
Insider Transactions at Zebra Technologies
In related news, insider Michael Cho sold 1,600 shares of Zebra Technologies stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $292.38, for a total value of $467,808.00. Following the completion of the sale, the insider now directly owns 3,168 shares in the company, valued at approximately $926,259.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.06% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on ZBRA. TD Cowen initiated coverage on shares of Zebra Technologies in a research report on Thursday, March 30th. They set an “outperform” rating and a $375.00 price objective on the stock. Robert W. Baird reduced their target price on shares of Zebra Technologies from $365.00 to $322.00 in a report on Wednesday, May 3rd. StockNews.com initiated coverage on shares of Zebra Technologies in a report on Thursday, March 16th. They set a “hold” rating for the company. Credit Suisse Group reduced their target price on shares of Zebra Technologies from $326.00 to $295.00 in a report on Wednesday, May 3rd. Finally, Needham & Company LLC reduced their target price on shares of Zebra Technologies from $385.00 to $340.00 in a report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $348.14.
Zebra Technologies Company Profile
Zebra Technologies Corp. engages in the design, manufacture, and sale of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.
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