Zebra Technologies Corporation $ZBRA Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,378 shares of the industrial products company’s stock after purchasing an additional 9,272 shares during the period. Envestnet Asset Management Inc. owned about 0.49% of Zebra Technologies worth $74,700,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB raised its stake in shares of Zebra Technologies by 1,826.5% during the 3rd quarter. Nordea Investment Management AB now owns 997,495 shares of the industrial products company’s stock worth $292,705,000 after buying an additional 945,718 shares during the period. Alliancebernstein L.P. raised its position in Zebra Technologies by 1,310.3% during the second quarter. Alliancebernstein L.P. now owns 779,680 shares of the industrial products company’s stock worth $240,422,000 after acquiring an additional 724,396 shares during the period. Norges Bank purchased a new position in Zebra Technologies during the second quarter valued at $166,750,000. Balyasny Asset Management L.P. grew its position in shares of Zebra Technologies by 469.4% in the second quarter. Balyasny Asset Management L.P. now owns 401,839 shares of the industrial products company’s stock valued at $123,911,000 after purchasing an additional 331,263 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Zebra Technologies by 119.5% during the second quarter. AQR Capital Management LLC now owns 442,656 shares of the industrial products company’s stock worth $136,498,000 after purchasing an additional 241,004 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, Director Satish Dhanasekaran bought 1,000 shares of Zebra Technologies stock in a transaction on Tuesday, November 18th. The shares were bought at an average price of $233.12 per share, for a total transaction of $233,120.00. Following the completion of the transaction, the director directly owned 3,356 shares of the company’s stock, valued at $782,350.72. This trade represents a 42.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.84% of the stock is currently owned by company insiders.

Zebra Technologies Stock Up 4.3%

NASDAQ ZBRA opened at $251.40 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.61 and a debt-to-equity ratio of 0.56. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $376.89. The business’s fifty day simple moving average is $251.43 and its 200-day simple moving average is $280.70. The firm has a market cap of $12.74 billion, a PE ratio of 25.34 and a beta of 1.69.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of research reports. Barclays set a $351.00 price target on shares of Zebra Technologies and gave the company an “overweight” rating in a research note on Friday. Truist Financial lowered their price target on Zebra Technologies from $331.00 to $291.00 and set a “hold” rating on the stock in a research note on Thursday, December 18th. KeyCorp reissued a “sector weight” rating on shares of Zebra Technologies in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Zebra Technologies in a research note on Wednesday, January 21st. Finally, Citigroup reduced their target price on shares of Zebra Technologies from $346.00 to $311.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $347.88.

About Zebra Technologies

Zebra Technologies Corporation is a global technology company specializing in marking, tracking and computer printing solutions. The company produces a wide range of hardware and software products designed to enable real-time visibility of assets, inventory and personnel across diverse industries. Its offerings help businesses automate data capture and streamline operations in environments such as retail, healthcare, manufacturing, transportation and logistics.

The company’s product portfolio includes barcode and RFID printers, mobile computing devices, barcode scanners, RFID readers and related supplies such as labels and tags.