Cinctive Capital Management LP Invests $841,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Cinctive Capital Management LP acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,270 shares of the industrial products company's stock, valued at approximately $841,000.

A number of other hedge funds have also recently added to or reduced their stakes in ZBRA. FMR LLC increased its stake in Zebra Technologies by 2,423.5% during the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company's stock worth $102,189,000 after acquiring an additional 265,014 shares during the period. AXA S.A. increased its stake in shares of Zebra Technologies by 62.3% in the 2nd quarter. AXA S.A. now owns 277,864 shares of the industrial products company's stock valued at $85,841,000 after purchasing an additional 106,630 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Zebra Technologies by 94.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company's stock valued at $52,922,000 after purchasing an additional 69,549 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Zebra Technologies by 158.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company's stock valued at $37,356,000 after purchasing an additional 61,842 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Zebra Technologies by 556.0% in the 3rd quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company's stock valued at $25,924,000 after purchasing an additional 59,332 shares during the last quarter. Institutional investors own 91.03% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. TD Cowen raised their price objective on Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Robert W. Baird lifted their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Needham & Company LLC lifted their target price on Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. UBS Group boosted their price objective on Zebra Technologies from $390.00 to $445.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their price objective on Zebra Technologies from $347.00 to $407.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $393.82.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock traded up $5.54 during trading on Wednesday, hitting $411.94. The stock had a trading volume of 230,105 shares, compared to its average volume of 360,408. The firm has a market cap of $21.25 billion, a price-to-earnings ratio of 56.05 and a beta of 1.63. Zebra Technologies Co. has a 12 month low of $232.29 and a 12 month high of $412.94. The business's 50-day moving average is $383.25 and its 200 day moving average is $346.13. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The business's quarterly revenue was up 31.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the firm's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the sale, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.04% 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.