Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC raised its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 99.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,085 shares of the industrial products company's stock after acquiring an additional 4,536 shares during the quarter. HighPoint Advisor Group LLC's holdings in Zebra Technologies were worth $3,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ZBRA. FMR LLC raised its stake in Zebra Technologies by 2,423.5% during the third quarter. FMR LLC now owns 275,949 shares of the industrial products company's stock valued at $102,189,000 after purchasing an additional 265,014 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Zebra Technologies by 31.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,382 shares of the industrial products company's stock worth $512,000 after buying an additional 332 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Zebra Technologies by 33.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,415 shares of the industrial products company's stock valued at $3,857,000 after acquiring an additional 2,593 shares during the last quarter. Public Sector Pension Investment Board grew its position in Zebra Technologies by 15.3% in the third quarter. Public Sector Pension Investment Board now owns 2,256 shares of the industrial products company's stock worth $835,000 after acquiring an additional 300 shares in the last quarter. Finally, PDT Partners LLC bought a new stake in Zebra Technologies during the third quarter worth approximately $1,861,000. Institutional investors own 91.03% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have weighed in on ZBRA. Robert W. Baird cut their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Needham & Company LLC decreased their price target on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Truist Financial dropped their price objective on Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a report on Friday, February 14th. Morgan Stanley reduced 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. Finally, Citigroup assumed coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price target on the stock. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Zebra Technologies currently has an average rating of "Moderate Buy" and an average target price of $381.42.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.06% of the company's stock.

Zebra Technologies Trading Up 1.6 %

Shares of ZBRA traded up $4.50 during trading on Wednesday, reaching $287.57. 319,023 shares of the company traded hands, compared to its average volume of 399,399. The stock has a 50-day simple moving average of $327.01 and a 200-day simple moving average of $365.29. The stock has a market cap of $14.78 billion, a PE ratio of 28.25 and a beta of 1.68. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The business 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%. On average, analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.