Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,150 shares of the industrial products company’s stock after purchasing an additional 1,347 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Zebra Technologies were worth $4,414,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ZBRA. Vanguard Group Inc. increased its position in shares of Zebra Technologies by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,060,033 shares of the industrial products company’s stock valued at $1,433,380,000 after acquiring an additional 36,194 shares during the period. BlackRock Inc. increased its position in shares of Zebra Technologies by 8.0% in the 1st quarter. BlackRock Inc. now owns 3,812,577 shares of the industrial products company’s stock valued at $1,212,399,000 after acquiring an additional 280,844 shares during the period. State Street Corp increased its position in shares of Zebra Technologies by 1.6% in the 1st quarter. State Street Corp now owns 2,065,204 shares of the industrial products company’s stock valued at $656,732,000 after acquiring an additional 32,644 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Zebra Technologies by 4.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,646,301 shares of the industrial products company’s stock valued at $389,400,000 after acquiring an additional 77,086 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Zebra Technologies by 65.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,361,482 shares of the industrial products company’s stock valued at $402,767,000 after acquiring an additional 537,300 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zebra Technologies

In related news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the transaction, the chief accounting officer now owns 5,543 shares in the company, valued at approximately $1,548,492.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.04% of the company’s stock.

Zebra Technologies Trading Down 1.8 %

ZBRA stock opened at $268.07 on Monday. The company’s 50-day simple moving average is $284.42 and its 200-day simple moving average is $253.17. The company has a quick ratio of 0.54, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $320.55. The firm has a market cap of $13.77 billion, a P/E ratio of 46.95 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.09. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the company posted $4.43 EPS. The company’s revenue for the quarter was down 32.9% on a year-over-year basis. As a group, equities analysts forecast that Zebra Technologies Co. will post 9.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price on the stock in a research report on Monday, April 8th. Barclays started coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price target on the stock. StockNews.com lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Finally, Truist Financial started coverage on shares of Zebra Technologies in a report on Thursday, March 14th. They issued a “hold” rating and a $300.00 price target on the stock. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Zebra Technologies presently has an average rating of “Hold” and an average target price of $278.64.

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.