Peregrine Capital Management LLC Has $975,000 Position in Zebra Technologies Corporation $ZBRA

Peregrine Capital Management LLC reduced its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 30.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,162 shares of the industrial products company’s stock after selling 1,388 shares during the quarter. Peregrine Capital Management LLC’s holdings in Zebra Technologies were worth $975,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in ZBRA. Alyeska Investment Group L.P. acquired a new stake in shares of Zebra Technologies during the first quarter worth approximately $99,995,000. Victory Capital Management Inc. boosted its holdings in shares of Zebra Technologies by 27.5% during the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company’s stock worth $334,469,000 after purchasing an additional 255,193 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Zebra Technologies by 5,704.9% during the first quarter. Pacer Advisors Inc. now owns 259,363 shares of the industrial products company’s stock worth $73,286,000 after purchasing an additional 254,895 shares during the period. Nuveen LLC acquired a new stake in shares of Zebra Technologies during the first quarter worth approximately $46,633,000. Finally, AQR Capital Management LLC lifted its stake in Zebra Technologies by 381.6% in the first quarter. AQR Capital Management LLC now owns 201,652 shares of the industrial products company’s stock valued at $55,892,000 after acquiring an additional 159,781 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. BNP Paribas Exane upgraded shares of Zebra Technologies from a “neutral” rating to an “outperform” rating and set a $408.00 target price for the company in a research note on Thursday, July 10th. Citigroup lifted their target price on shares of Zebra Technologies from $340.00 to $346.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Morgan Stanley lifted their target price on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. BNP Paribas upgraded shares of Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 10th. Finally, Zacks Research cut shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Zebra Technologies has an average rating of “Moderate Buy” and a consensus target price of $369.56.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock opened at $274.31 on Wednesday. The firm has a fifty day simple moving average of $306.54 and a 200-day simple moving average of $298.78. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The stock has a market capitalization of $13.95 billion, a price-to-earnings ratio of 25.90 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.30. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company earned $3.18 earnings per share. Zebra Technologies’s revenue for the quarter was up 6.2% on a year-over-year basis. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. On average, sell-side analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies declared that its board has approved a stock buyback plan on Tuesday, August 5th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the industrial products company to purchase up to 1.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Zebra Technologies Profile

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.