Victory Capital Management Inc. Cuts Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Victory Capital Management Inc. trimmed its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 19.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,894 shares of the industrial products company’s stock after selling 8,398 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Zebra Technologies worth $10,694,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in Zebra Technologies by 8.8% during the 4th quarter. Principal Financial Group Inc. now owns 81,379 shares of the industrial products company’s stock worth $20,866,000 after acquiring an additional 6,575 shares in the last quarter. HBK Sorce Advisory LLC grew its holdings in Zebra Technologies by 92.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 3,814 shares of the industrial products company’s stock worth $978,000 after acquiring an additional 1,835 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in Zebra Technologies by 1.3% during the 4th quarter. Treasurer of the State of North Carolina now owns 22,398 shares of the industrial products company’s stock worth $5,743,000 after acquiring an additional 280 shares in the last quarter. Royal London Asset Management Ltd. grew its holdings in Zebra Technologies by 13.1% during the 4th quarter. Royal London Asset Management Ltd. now owns 19,788 shares of the industrial products company’s stock worth $5,075,000 after acquiring an additional 2,298 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Zebra Technologies by 5.2% in the 4th quarter. HighTower Advisors LLC now owns 8,056 shares of the industrial products company’s stock worth $2,083,000 after buying an additional 399 shares during the last quarter. 85.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zebra Technologies

In related news, insider Michael Cho sold 1,600 shares of the stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $292.38, for a total transaction of $467,808.00. Following the completion of the sale, the insider now directly owns 3,168 shares of the company’s stock, valued at $926,259.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Down 3.6 %

ZBRA stock opened at $261.39 on Thursday. Zebra Technologies Co. has a 52 week low of $224.87 and a 52 week high of $365.97. The company has a market capitalization of $13.44 billion, a price-to-earnings ratio of 22.53 and a beta of 1.67. The firm’s 50-day moving average is $287.42 and its two-hundred day moving average is $284.40. The company has a current ratio of 0.88, a quick ratio of 0.47 and a debt-to-equity ratio of 0.65.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of a number of recent research reports. Needham & Company LLC reduced their price target on shares of Zebra Technologies from $385.00 to $340.00 in a research report on Wednesday, May 3rd. Robert W. Baird reduced their price target on shares of Zebra Technologies from $365.00 to $322.00 in a research report on Wednesday, May 3rd. StockNews.com assumed coverage on shares of Zebra Technologies in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. TD Cowen assumed coverage on shares of Zebra Technologies in a research report on Thursday, March 30th. They issued an “outperform” rating and a $375.00 price objective on the stock. Finally, Credit Suisse Group cut their price objective on shares of Zebra Technologies from $326.00 to $295.00 in a research report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $348.14.

Zebra Technologies Company Profile

(Get Rating)

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.