Artemis Investment Management LLP Sells 8,914 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Artemis Investment Management LLP lowered its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 17.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,923 shares of the industrial products company's stock after selling 8,914 shares during the period. Artemis Investment Management LLP owned about 0.08% of Zebra Technologies worth $15,895,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Cascade Investment Advisors Inc. lifted its stake in shares of Zebra Technologies by 0.7% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company's stock valued at $1,625,000 after acquiring an additional 30 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Zebra Technologies by 38.8% during 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 period. Fifth Third Bancorp increased its holdings 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 valued at $939,000 after purchasing an additional 36 shares during the period. Signaturefd LLC increased 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 valued at $158,000 after purchasing an additional 38 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Zebra Technologies by 15.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 292 shares of the industrial products company's stock valued at $90,000 after purchasing an additional 38 shares during the period. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA traded up $4.53 during midday trading on Wednesday, hitting $373.50. The company had a trading volume of 323,278 shares, compared to its average volume of 355,191. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. The company has a market cap of $19.27 billion, a price-to-earnings ratio of 74.11 and a beta of 1.66. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $375.88. The company has a fifty day moving average of $344.91 and a two-hundred day moving average of $321.29.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping the consensus estimate of $2.48 by $0.70. The firm 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 revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $3.24 EPS. On average, equities research analysts expect that Zebra Technologies Co. will post 11.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were 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 of the company's stock, valued at $3,312,342.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays upped their target price on Zebra Technologies from $314.00 to $347.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 31st. Vertical Research assumed coverage on Zebra Technologies in a report on Tuesday, July 23rd. They set a "buy" rating and a $375.00 target price on the stock. Needham & Company LLC upped their target price on Zebra Technologies from $370.00 to $394.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Redburn Atlantic raised Zebra Technologies to a "strong-buy" rating in a research report on Wednesday, July 31st. Finally, TD Cowen boosted their price target on Zebra Technologies from $375.00 to $380.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $352.73.

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.