Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Zebra Technologies (NASDAQ:ZBRA) by 24.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,261 shares of the industrial products company’s stock after purchasing an additional 829 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Zebra Technologies were worth $753,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in ZBRA. Ontario Teachers Pension Plan Board purchased a new stake in shares of Zebra Technologies during the 3rd quarter valued at about $1,684,000. FMR LLC raised its position in shares of Zebra Technologies by 208.6% during the 3rd quarter. FMR LLC now owns 698,886 shares of the industrial products company’s stock valued at $123,585,000 after buying an additional 472,441 shares in the last quarter. American International Group Inc. grew its holdings in Zebra Technologies by 1.6% during the 3rd quarter. American International Group Inc. now owns 109,447 shares of the industrial products company’s stock valued at $19,354,000 after purchasing an additional 1,695 shares during the last quarter. BlackRock Inc. grew its holdings in Zebra Technologies by 3.4% during the 3rd quarter. BlackRock Inc. now owns 4,789,918 shares of the industrial products company’s stock valued at $847,002,000 after purchasing an additional 155,572 shares during the last quarter. Finally, Martingale Asset Management L P bought a new position in Zebra Technologies during the 3rd quarter valued at about $4,071,000. Institutional investors and hedge funds own 86.39% of the company’s stock.
Shares of NASDAQ:ZBRA opened at $172.58 on Friday. The stock has a market cap of $9.20 billion, a P/E ratio of 26.97 and a beta of 1.55. Zebra Technologies has a 12 month low of $101.49 and a 12 month high of $184.75. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.64 and a current ratio of 1.09.
Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, November 6th. The industrial products company reported $2.88 EPS for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.28. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Zebra Technologies had a net margin of 7.55% and a return on equity of 49.81%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.87 EPS. On average, equities analysts forecast that Zebra Technologies will post 10.04 EPS for the current year.
Several equities analysts recently commented on the stock. Imperial Capital upped their price target on shares of Zebra Technologies from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, November 8th. Zacks Investment Research upgraded shares of Zebra Technologies from a “sell” rating to a “buy” rating and set a $200.00 price target on the stock in a report on Saturday, November 17th. Needham & Company LLC upped their price target on shares of Zebra Technologies to $192.00 and gave the company a “buy” rating in a report on Wednesday, November 7th. Wellington Shields downgraded shares of Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a report on Friday, September 14th. Finally, BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 28th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $180.22.
In other Zebra Technologies news, CEO Anders Gustafsson sold 35,160 shares of the company’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $182.73, for a total value of $6,424,786.80. Following the transaction, the chief executive officer now directly owns 314,092 shares in the company, valued at approximately $57,394,031.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew K. Ludwick sold 34,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $178.04, for a total transaction of $6,053,360.00. Following the completion of the transaction, the director now owns 34,952 shares in the company, valued at $6,222,854.08. The disclosure for this sale can be found here. Insiders sold a total of 71,640 shares of company stock worth $12,930,449 over the last 90 days. Insiders own 2.30% of the company’s stock.
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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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