Intech Investment Management LLC Makes New $265,000 Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Intech Investment Management LLC acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRAFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 968 shares of the industrial products company’s stock, valued at approximately $265,000.

A number of other institutional investors also recently modified their holdings of ZBRA. Victory Capital Management Inc. increased its stake in Zebra Technologies by 663.2% in the fourth quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company’s stock valued at $264,270,000 after purchasing an additional 840,169 shares in the last quarter. Boston Partners raised its stake in Zebra Technologies by 107.1% during the 4th quarter. Boston Partners now owns 1,010,774 shares of the industrial products company’s stock worth $276,222,000 after buying an additional 522,779 shares during the period. Norges Bank bought a new position in Zebra Technologies in the fourth quarter worth approximately $102,886,000. Causeway Capital Management LLC bought a new position in Zebra Technologies in the third quarter worth approximately $48,995,000. Finally, Corient Private Wealth LLC grew its stake in Zebra Technologies by 1,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 192,994 shares of the industrial products company’s stock valued at $52,751,000 after acquiring an additional 178,211 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Buying and Selling

In other news, insider Michael Cho sold 1,657 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the completion of the sale, the insider now owns 3,809 shares in the company, valued at approximately $1,220,822.59. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of recent research reports. Needham & Company LLC increased their target price on Zebra Technologies from $352.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. TD Cowen raised their price objective on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. UBS Group boosted their target price on shares of Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. StockNews.com raised shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Barclays assumed coverage on Zebra Technologies in a report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Zebra Technologies currently has a consensus rating of “Hold” and a consensus target price of $312.27.

Check Out Our Latest Research Report on ZBRA

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $312.34 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $16.06 billion, a PE ratio of 61.97 and a beta of 1.76. The stock’s 50 day moving average price is $304.02 and its 200-day moving average price is $273.95. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $328.70.

Zebra Technologies (NASDAQ:ZBRAGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.59 EPS. On average, equities analysts anticipate that Zebra Technologies Co. will post 10.76 EPS for the current year.

Zebra Technologies Profile

(Free Report)

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 that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, 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.

Further Reading

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

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