Teacher Retirement System of Texas Makes New Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Teacher Retirement System of Texas acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 73,592 shares of the industrial products company’s stock, valued at approximately $28,423,000.

Several other hedge funds have also recently bought and sold shares of ZBRA. Raymond James Financial Inc. acquired a new stake in shares of Zebra Technologies in the fourth quarter valued at $140,039,000. FMR LLC increased its stake in shares of Zebra Technologies by 2,423.5% in the third quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after buying an additional 265,014 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after buying an additional 89,765 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Zebra Technologies by 111.0% in the fourth quarter. Allianz Asset Management GmbH now owns 164,224 shares of the industrial products company’s stock valued at $63,427,000 after buying an additional 86,379 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Zebra Technologies by 3.4% in the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock valued at $796,128,000 after buying an additional 70,771 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Zebra Technologies Price Performance

Shares of ZBRA opened at $285.01 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76. The stock has a market cap of $14.64 billion, a P/E ratio of 28.00 and a beta of 1.68. The stock’s 50-day moving average price is $344.94 and its two-hundred day moving average price is $367.38.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. On average, equities analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ZBRA. Barclays lowered their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. UBS Group decreased their price target on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Truist Financial decreased their price target on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Needham & Company LLC decreased their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, Robert W. Baird decreased their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $381.42.

About Zebra Technologies

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.