Point72 Asset Management L.P. Sells 135,300 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Point72 Asset Management L.P. reduced its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 20.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 523,875 shares of the industrial products company's stock after selling 135,300 shares during the period. Point72 Asset Management L.P. owned 1.02% of Zebra Technologies worth $161,841,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 22,327 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Zebra Technologies by 1.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company's stock valued at $447,828,000 after acquiring an additional 24,058 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Zebra Technologies by 44.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company's stock valued at $414,117,000 after acquiring an additional 425,207 shares during the period. Boston Partners grew its position in shares of Zebra Technologies by 9.7% in the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company's stock valued at $334,230,000 after acquiring an additional 98,045 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Zebra Technologies by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company's stock worth $120,650,000 after purchasing an additional 21,534 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

ZBRA has been the subject of a number of research analyst reports. Redburn Atlantic upgraded Zebra Technologies to a "strong-buy" rating in a report on Wednesday, July 31st. TD Cowen lifted their target price on Zebra Technologies from $375.00 to $380.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. BNP Paribas raised shares of Zebra Technologies from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $258.00 to $305.00 in a report on Thursday, June 13th. Vertical Research initiated coverage on Zebra Technologies in a report on Tuesday, July 23rd. They set a "buy" rating and a $375.00 price objective for the company. Finally, Stephens increased their target price on Zebra Technologies from $380.00 to $410.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $349.64.

Insider Buying and Selling at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the sale, the insider now directly owns 9,694 shares of the company's stock, valued at approximately $3,312,342.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.06% of the company's stock.

Zebra Technologies Trading Up 0.6 %

ZBRA opened at $364.43 on Wednesday. The stock has a market capitalization of $18.80 billion, a price-to-earnings ratio of 72.31 and a beta of 1.65. The company has a quick ratio of 0.84, a current ratio of 1.28 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 company has a 50-day simple moving average of $337.13 and a 200 day simple moving average of $315.58.

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

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.