Resona Asset Management Co. Ltd. Makes New Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Resona Asset Management Co. Ltd. purchased a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 16,289 shares of the industrial products company's stock, valued at approximately $6,299,000.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Zebra Technologies in the fourth quarter worth $201,420,000. Schroder Investment Management Group increased its holdings in shares of Zebra Technologies by 62.8% in the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after buying an additional 379,491 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Zebra Technologies during the 4th quarter valued at about $140,039,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Zebra Technologies by 434.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock valued at $153,188,000 after acquiring an additional 322,475 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock worth $335,905,000 after acquiring an additional 89,765 shares in the last quarter. Institutional investors own 91.03% of the company's stock.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.06% of the company's stock.

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Zebra Technologies Trading Up 0.9 %

ZBRA stock traded up $2.07 during mid-day trading on Friday, reaching $225.44. The company had a trading volume of 1,103,897 shares, compared to its average volume of 426,745. The company has a market capitalization of $11.58 billion, a PE ratio of 22.15 and a beta of 1.76. The firm has a 50 day moving average of $293.40 and a 200 day moving average of $356.39. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03.

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

Analysts Set New Price Targets

ZBRA has been the subject of several analyst reports. Robert W. Baird lowered their price objective on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Morgan Stanley lowered their price target on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. UBS Group reduced their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Barclays dropped their price target on shares of 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. Finally, Truist Financial cut their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Zebra Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $359.73.

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.