Teacher Retirement System of Texas Invests $28.42 Million in Zebra Technologies Co. (NASDAQ:ZBRA)

Teacher Retirement System of Texas purchased a new position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 73,592 shares of the industrial products company's stock, valued at approximately $28,423,000. Teacher Retirement System of Texas owned 0.14% of Zebra Technologies at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ZBRA. Creative Financial Designs Inc. ADV increased its position in shares of Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after buying an additional 36 shares in the last quarter. Sierra Ocean LLC purchased a new position in Zebra Technologies during the 4th quarter valued at about $28,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies during the fourth quarter worth about $31,000. Avalon Trust Co purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at about $35,000. Finally, Fortitude Family Office LLC grew its position in shares of Zebra Technologies by 159.5% in the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 59 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Needham & Company LLC reduced their target price on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Truist Financial decreased their price objective on Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Morgan Stanley cut their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Citigroup assumed coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price target on the stock. Finally, UBS Group cut their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $381.42.

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Zebra Technologies Trading Down 2.1 %

Shares of ZBRA traded down $6.39 during trading hours on Tuesday, hitting $291.02. The stock had a trading volume of 348,879 shares, compared to its average volume of 391,799. The company's fifty day simple moving average is $341.34 and its 200 day simple moving average is $367.29. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The firm has a market cap of $14.95 billion, a P/E ratio of 28.59 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 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 firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.31 billion. Equities research analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction on Monday, February 24th. The shares were bought at an average price of $311.00 per share, for a total transaction 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. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.06% of the stock is currently owned by corporate insiders.

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.