Assetmark Inc. raised its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA – Free Report) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,808 shares of the industrial products company’s stock after acquiring an additional 308 shares during the period. Assetmark Inc.’s holdings in Zebra Technologies were worth $4,073,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZBRA. Cambridge Investment Research Advisors Inc. grew its stake in Zebra Technologies by 13.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,815 shares of the industrial products company’s stock worth $1,165,000 after buying an additional 341 shares during the period. Panagora Asset Management Inc. boosted its position in Zebra Technologies by 102.2% during the 1st quarter. Panagora Asset Management Inc. now owns 2,230 shares of the industrial products company’s stock worth $923,000 after purchasing an additional 1,127 shares during the period. Raymond James Trust N.A. boosted its position in Zebra Technologies by 45.0% during the 1st quarter. Raymond James Trust N.A. now owns 947 shares of the industrial products company’s stock worth $392,000 after purchasing an additional 294 shares during the period. Sei Investments Co. increased its holdings in Zebra Technologies by 28.9% in the 1st quarter. Sei Investments Co. now owns 27,317 shares of the industrial products company’s stock valued at $11,251,000 after purchasing an additional 6,119 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Zebra Technologies by 97.4% in the first quarter. Canada Pension Plan Investment Board now owns 300 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 148 shares during the period. 85.46% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on ZBRA. Credit Suisse Group lowered their target price on Zebra Technologies from $295.00 to $275.00 and set an “outperform” rating for the company in a research note on Wednesday, August 2nd. Morgan Stanley lowered their price objective on shares of Zebra Technologies from $295.00 to $260.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 2nd. StockNews.com initiated coverage on shares of Zebra Technologies in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Wolfe Research raised shares of Zebra Technologies from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, August 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $285.00 target price on shares of Zebra Technologies in a research note on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $316.86.
Zebra Technologies Stock Performance
Shares of ZBRA stock opened at $248.23 on Tuesday. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 19.84 and a beta of 1.68. Zebra Technologies Co. has a one year low of $224.87 and a one year high of $351.74. The company’s 50-day simple moving average is $286.06 and its 200-day simple moving average is $292.90. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.50 and a current ratio of 0.99.
Zebra Technologies (NASDAQ:ZBRA – Get Free Report) last released its earnings results on Tuesday, August 1st. The industrial products company reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.33. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 27.44% and a net margin of 11.82%. Zebra Technologies’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same quarter last year, the business posted $4.22 EPS. Equities analysts anticipate that Zebra Technologies Co. will post 14.1 earnings per share for the current fiscal year.
Insider Buying and Selling at Zebra Technologies
In other Zebra Technologies news, insider Anders Gustafsson purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average cost of $238.89 per share, with a total value of $238,890.00. Following the acquisition, the insider now owns 195,609 shares of the company’s stock, valued at approximately $46,729,034.01. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.06% of the stock is owned by insiders.
Zebra Technologies Profile
Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including vehicle mounts and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.
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