Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 72.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,495 shares of the industrial products company’s stock after selling 6,643 shares during the period. Intech Investment Management LLC’s holdings in Zebra Technologies were worth $924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC acquired a new position in shares of Zebra Technologies during the third quarter worth $247,000. Tidal Investments LLC lifted its position in shares of Zebra Technologies by 172.3% during the first quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock worth $1,154,000 after purchasing an additional 2,422 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Zebra Technologies by 23.0% during the second quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company’s stock worth $2,715,000 after purchasing an additional 1,643 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Zebra Technologies by 24.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company’s stock worth $4,724,000 after purchasing an additional 2,979 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Zebra Technologies by 2.5% during the second quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company’s stock worth $60,747,000 after purchasing an additional 4,750 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZBRA has been the topic of a number of recent research reports. Stephens boosted their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. TD Cowen boosted their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC upped their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird upped their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $385.18.

Zebra Technologies Stock Up 0.8 %

ZBRA stock opened at $405.75 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. Zebra Technologies Co. has a 1-year low of $229.65 and a 1-year high of $406.14. The firm has a fifty day moving average price of $379.71 and a two-hundred day moving average price of $343.47. The firm has a market cap of $20.93 billion, a price-to-earnings ratio of 55.20 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Research analysts predict that Zebra Technologies Co. will post 12.4 EPS for the current year.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.06% of the company’s stock.

Zebra Technologies Company 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.