Highland Capital Management LLC Invests $1.03 Million in Zebra Technologies (ZBRA)

Highland Capital Management LLC acquired a new position in Zebra Technologies (NASDAQ:ZBRA) during the 3rd quarter, HoldingsChannel reports. The firm acquired 5,838 shares of the industrial products company’s stock, valued at approximately $1,032,000.

Other large investors have also modified their holdings of the company. Northern Trust Corp lifted its stake in shares of Zebra Technologies by 5.6% in the 2nd quarter. Northern Trust Corp now owns 440,781 shares of the industrial products company’s stock worth $63,142,000 after purchasing an additional 23,324 shares during the period. Marietta Investment Partners LLC bought a new position in shares of Zebra Technologies in the 2nd quarter worth approximately $2,564,000. Meadow Creek Investment Management LLC lifted its stake in shares of Zebra Technologies by 33.7% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 12,832 shares of the industrial products company’s stock worth $1,838,000 after purchasing an additional 3,232 shares during the period. Moneta Group Investment Advisors LLC bought a new position in shares of Zebra Technologies in the 2nd quarter worth approximately $158,000. Finally, Flinton Capital Management LLC lifted its stake in shares of Zebra Technologies by 45.3% in the 2nd quarter. Flinton Capital Management LLC now owns 27,268 shares of the industrial products company’s stock worth $3,906,000 after purchasing an additional 8,500 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

ZBRA has been the topic of several recent research reports. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $180.00 price objective on shares of Zebra Technologies in a research note on Friday, September 21st. Northcoast Research set a $200.00 price objective on shares of Zebra Technologies and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Needham & Company LLC increased their price objective on shares of Zebra Technologies from $175.00 to $178.00 and gave the stock a “buy” rating in a research note on Thursday, August 16th. Imperial Capital increased their price objective on shares of Zebra Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, September 21st. Finally, Wellington Shields cut shares of Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a research note on Friday, September 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Zebra Technologies currently has an average rating of “Buy” and a consensus target price of $166.22.

In related news, SVP Hugh K. Gagnier sold 8,409 shares of the stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $168.89, for a total value of $1,420,196.01. Following the completion of the sale, the senior vice president now directly owns 14,682 shares of the company’s stock, valued at approximately $2,479,642.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jim L. Kaput sold 5,703 shares of the stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $162.18, for a total transaction of $924,912.54. Following the completion of the sale, the senior vice president now directly owns 20,436 shares of the company’s stock, valued at $3,314,310.48. The disclosure for this sale can be found here. Insiders sold a total of 59,538 shares of company stock valued at $9,817,605 over the last three months. 2.30% of the stock is currently owned by insiders.

Zebra Technologies stock opened at $168.49 on Friday. The company has a market capitalization of $9.49 billion, a P/E ratio of 26.33 and a beta of 1.59. Zebra Technologies has a 12-month low of $101.49 and a 12-month high of $179.47. The company has a quick ratio of 0.64, a current ratio of 1.09 and a debt-to-equity ratio of 1.78.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, August 7th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.23 by $0.25. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $990.09 million. Zebra Technologies had a net margin of 4.33% and a return on equity of 49.48%. During the same period in the prior year, the firm posted $1.51 EPS. Analysts forecast that Zebra Technologies will post 9.62 EPS for the current year.

About Zebra Technologies

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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