DekaBank Deutsche Girozentrale Cuts Position in Zebra Technologies Co. (NASDAQ:ZBRA)

DekaBank Deutsche Girozentrale lowered its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,406 shares of the industrial products company's stock after selling 1,909 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.05% of Zebra Technologies worth $8,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Zebra Technologies by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 6,082,360 shares of the industrial products company's stock valued at $1,662,491,000 after acquiring an additional 22,327 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Zebra Technologies by 44.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company's stock worth $414,117,000 after purchasing an additional 425,207 shares during the last quarter. Boston Partners lifted its holdings in shares of Zebra Technologies by 9.7% during the first quarter. Boston Partners now owns 1,108,819 shares of the industrial products company's stock worth $334,230,000 after purchasing an additional 98,045 shares during the period. Norges Bank purchased a new position in Zebra Technologies in the 4th quarter valued at $102,886,000. Finally, Dimensional Fund Advisors LP grew its position in Zebra Technologies by 37.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 360,180 shares of the industrial products company's stock valued at $98,455,000 after buying an additional 99,054 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded up $10.73 during trading on Tuesday, reaching $354.52. The company had a trading volume of 539,857 shares, compared to its average volume of 359,752. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $372.93. The stock has a 50-day moving average price of $333.76 and a two-hundred day moving average price of $312.94. The stock has a market capitalization of $18.23 billion, a PE ratio of 70.34 and a beta of 1.65.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.70. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.24 EPS. As a group, sell-side analysts predict that Zebra Technologies Co. will post 11.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. TD Cowen lifted their target price on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Robert W. Baird boosted their target price on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Redburn Atlantic upgraded shares of Zebra Technologies to a "strong-buy" rating in a report on Wednesday, July 31st. Barclays boosted their price objective on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 31st. Finally, BNP Paribas upgraded shares of Zebra Technologies from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $349.64.

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.