California State Teachers Retirement System Purchases 3,060 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

California State Teachers Retirement System grew its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRAFree Report) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,548 shares of the industrial products company’s stock after buying an additional 3,060 shares during the period. California State Teachers Retirement System owned 0.17% of Zebra Technologies worth $23,383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Condor Capital Management grew its holdings in Zebra Technologies by 5.7% in the fourth quarter. Condor Capital Management now owns 15,275 shares of the industrial products company’s stock worth $4,175,000 after purchasing an additional 822 shares during the period. Brown Brothers Harriman & Co. grew its stake in shares of Zebra Technologies by 31.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 47,539 shares of the industrial products company’s stock worth $12,994,000 after buying an additional 11,283 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Zebra Technologies by 5.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,495 shares of the industrial products company’s stock worth $409,000 after buying an additional 78 shares during the last quarter. Otter Creek Advisors LLC bought a new position in Zebra Technologies during the 4th quarter valued at approximately $2,997,000. Finally, Isthmus Partners LLC raised its stake in Zebra Technologies by 11.5% during the fourth quarter. Isthmus Partners LLC now owns 41,366 shares of the industrial products company’s stock valued at $11,307,000 after buying an additional 4,280 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value 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 Securities & Exchange Commission, which is available at this link. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Trading Up 1.6 %

NASDAQ:ZBRA opened at $307.50 on Thursday. The firm has a market capitalization of $15.81 billion, a price-to-earnings ratio of 61.01 and a beta of 1.70. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.56. The business has a fifty day moving average price of $304.60 and a 200-day moving average price of $276.23. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $328.70.

Zebra Technologies (NASDAQ:ZBRAGet Free Report) last released its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the firm posted $3.59 EPS. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. Sell-side analysts forecast that Zebra Technologies Co. will post 10.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ZBRA. Needham & Company LLC raised their price target on Zebra Technologies from $352.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Robert W. Baird lifted their target price on shares of Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price on the stock in a research note on Monday, April 8th. Barclays initiated coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price objective for the company. Finally, Truist Financial reissued a “hold” rating and issued a $315.00 target price (up previously from $300.00) on shares of Zebra Technologies in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $312.27.

View Our Latest Research Report on ZBRA

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.

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

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