nVerses Capital LLC Invests $1 Million in Zebra Technologies Co. (NASDAQ:ZBRA)

nVerses Capital LLC acquired a new position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,700 shares of the industrial products company's stock, valued at approximately $1,000,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its stake in shares of Zebra Technologies by 44.8% during 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. AXA S.A. increased its stake in shares of Zebra Technologies by 62.3% in the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company's stock worth $85,841,000 after purchasing an additional 106,630 shares in the last quarter. Boston Partners raised its position in shares of Zebra Technologies by 9.7% during the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company's stock valued at $334,230,000 after purchasing an additional 98,045 shares during the period. Fort Pitt Capital Group LLC boosted its holdings in Zebra Technologies by 25.7% in the 1st quarter. Fort Pitt Capital Group LLC now owns 304,883 shares of the industrial products company's stock worth $91,904,000 after buying an additional 62,337 shares during the period. Finally, Artemis Investment Management LLP purchased a new stake in Zebra Technologies in the 1st quarter worth $18,353,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Down 0.4 %

ZBRA stock traded down $1.66 during midday trading on Thursday, reaching $373.84. The company's stock had a trading volume of 234,965 shares, compared to its average volume of 351,960. The firm has a market capitalization of $19.28 billion, a price-to-earnings ratio of 84.76 and a beta of 1.66. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $380.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. The stock has a fifty day simple moving average of $350.53 and a two-hundred day simple moving average of $324.32.

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 for the quarter, beating analysts' consensus estimates of $2.48 by $0.70. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates 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 last year, the business posted $3.24 EPS. On average, equities research analysts predict that Zebra Technologies Co. will post 11.09 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction on 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 owns 9,694 shares of the company's stock, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ZBRA has been the topic of several research analyst reports. Stephens upped their price objective on Zebra Technologies from $380.00 to $410.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Redburn Atlantic upgraded Zebra Technologies to a "strong-buy" rating in a research report on Wednesday, July 31st. Truist Financial increased their target price on Zebra Technologies from $345.00 to $379.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Vertical Research assumed coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $375.00 price target on the stock. Finally, TD Cowen lifted their price objective on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Zebra Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $352.73.

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.