Board of the Pension Protection Fund Takes $695,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Board of the Pension Protection Fund bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,800 shares of the industrial products company's stock, valued at approximately $695,000.

Several other hedge funds also recently made changes to their positions in ZBRA. Private Advisor Group LLC lifted its position in Zebra Technologies by 8.9% during the second quarter. Private Advisor Group LLC now owns 2,187 shares of the industrial products company's stock worth $676,000 after purchasing an additional 178 shares during the period. Acadian Asset Management LLC raised its position in shares of Zebra Technologies by 1,087.2% in the 2nd quarter. Acadian Asset Management LLC now owns 1,674 shares of the industrial products company's stock valued at $516,000 after buying an additional 1,533 shares in the last quarter. Thoroughbred Financial Services LLC bought a new stake in shares of Zebra Technologies during the 2nd quarter worth approximately $314,000. Oppenheimer Asset Management Inc. boosted its position in shares of Zebra Technologies by 17.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,700 shares of the industrial products company's stock worth $1,143,000 after acquiring an additional 557 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Zebra Technologies by 16.5% in the second quarter. Envestnet Asset Management Inc. now owns 304,845 shares of the industrial products company's stock valued at $94,176,000 after acquiring an additional 43,111 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Trading Up 1.5 %

Shares of Zebra Technologies stock traded up $5.85 on Wednesday, hitting $400.25. 320,418 shares of the company's stock traded hands, compared to its average volume of 385,795. The company has a fifty day moving average of $396.55 and a two-hundred day moving average of $364.05. Zebra Technologies Co. has a one year low of $233.95 and a one year high of $413.43. The company has a market capitalization of $20.64 billion, a price-to-earnings ratio of 54.46 and a beta of 1.64. 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 (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.57. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company's revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. As a group, sell-side analysts expect that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, the chief financial officer now directly owns 11,421 shares of the company's stock, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.04% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. TD Cowen upped their target price on Zebra Technologies from $380.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Barclays upped their price objective on Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. StockNews.com upgraded Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Needham & Company LLC increased their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Morgan Stanley upped their price objective on shares of Zebra Technologies from $400.00 to $427.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $401.17.

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.