1,464 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,464 shares of the industrial products company's stock, valued at approximately $565,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Zebra Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock worth $2,417,942,000 after acquiring an additional 55,130 shares during the last quarter. State Street Corp raised its stake in shares of Zebra Technologies by 3.4% in the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company's stock worth $796,128,000 after purchasing an additional 70,771 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Zebra Technologies by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock worth $491,935,000 after purchasing an additional 30,496 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Zebra Technologies by 62.8% during the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after purchasing an additional 379,491 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Zebra Technologies by 3.0% in the fourth quarter. JPMorgan Chase & Co. now owns 934,609 shares of the industrial products company's stock valued at $360,965,000 after buying an additional 27,544 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

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Zebra Technologies Price Performance

Shares of ZBRA stock traded up $1.95 on Tuesday, reaching $225.44. 260,742 shares of the company were exchanged, compared to its average volume of 412,040. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 22.15 and a beta of 1.76. Zebra Technologies Co. has a 1 year low of $208.35 and a 1 year high of $427.76. The business has a 50-day moving average price of $313.36 and a 200 day moving average price of $362.18. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

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 for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Equities research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on ZBRA. UBS Group decreased 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 note on Tuesday, February 18th. Robert W. Baird reduced 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 target price on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Needham & Company LLC reduced their price target on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Finally, Citigroup started coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $371.00.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson bought 500 shares of the stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is owned by corporate insiders.

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.