4,147 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Bought by Deerfield Management Company L.P. Series C

Deerfield Management Company L.P. Series C acquired a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,147 shares of the industrial products company's stock, valued at approximately $1,281,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ZBRA. Massmutual Trust Co. FSB ADV raised its position in Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 33 shares during the last quarter. Fifth Third Bancorp lifted its position in Zebra Technologies by 1.2% during the 2nd quarter. Fifth Third Bancorp now owns 3,038 shares of the industrial products company's stock worth $939,000 after buying an additional 36 shares in the last quarter. Signaturefd LLC grew its holdings in Zebra Technologies by 8.0% during the 2nd quarter. Signaturefd LLC now owns 512 shares of the industrial products company's stock worth $158,000 after acquiring an additional 38 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Zebra Technologies by 15.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 292 shares of the industrial products company's stock valued at $90,000 after acquiring an additional 38 shares in the last quarter. Finally, Czech National Bank raised its stake in shares of Zebra Technologies by 0.5% in the first quarter. Czech National Bank now owns 9,036 shares of the industrial products company's stock worth $2,724,000 after acquiring an additional 41 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Trading Up 1.7 %

Shares of NASDAQ ZBRA traded up $6.27 during midday trading on Thursday, reaching $371.24. 241,987 shares of the stock were exchanged, compared to its average volume of 359,360. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $375.88. The business has a 50-day simple moving average of $337.91 and a two-hundred day simple moving average of $315.92. The company has a market capitalization of $19.15 billion, a price-to-earnings ratio of 73.66 and a beta of 1.65.

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

Insider Buying and Selling

In other Zebra Technologies 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 completion of the transaction, the insider now owns 9,694 shares in the company, valued at approximately $3,312,342.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ZBRA. TD Cowen increased their price target on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Vertical Research began coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They issued a "buy" rating and a $375.00 target price for the company. Stephens upped their price target on Zebra Technologies from $380.00 to $410.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. BNP Paribas upgraded Zebra Technologies from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. Finally, Robert W. Baird raised their target price on shares of Zebra Technologies from $355.00 to $375.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.