New York State Teachers Retirement System Sells 3,106 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

New York State Teachers Retirement System cut its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 6.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,875 shares of the industrial products company's stock after selling 3,106 shares during the period. New York State Teachers Retirement System owned about 0.08% of Zebra Technologies worth $15,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Cascade Investment Advisors Inc. grew its holdings in Zebra Technologies by 0.7% during 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 buying an additional 30 shares in the last quarter. Private Advisor Group LLC grew its stake in Zebra Technologies by 1.4% during the third quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company's stock valued at $821,000 after acquiring an additional 31 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings 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 acquiring an additional 33 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Zebra Technologies by 3.1% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,163 shares of the industrial products company's stock worth $431,000 after purchasing an additional 35 shares in the last quarter. Finally, Valmark Advisers Inc. boosted its holdings in shares of Zebra Technologies by 4.3% during the 3rd quarter. Valmark Advisers Inc. now owns 841 shares of the industrial products company's stock valued at $311,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Up 0.7 %

NASDAQ ZBRA traded up $2.67 during trading on Friday, hitting $384.64. The stock had a trading volume of 523,306 shares, compared to its average volume of 396,200. The stock has a market capitalization of $19.84 billion, a price-to-earnings ratio of 52.33 and a beta of 1.64. The stock has a 50 day simple moving average of $359.28 and a 200 day simple moving average of $330.66. Zebra Technologies Co. has a one year low of $198.19 and a one year high of $394.57. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 1.37.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company earned $0.57 EPS. Zebra Technologies's quarterly revenue was up 31.3% compared to the same quarter last year. Sell-side analysts predict that Zebra Technologies Co. will post 11.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ZBRA. Robert W. Baird lifted their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a report on Wednesday. Needham & Company LLC lifted their price objective on Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a research note on Wednesday. TD Cowen increased their target price on Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday. Redburn Atlantic upgraded shares of Zebra Technologies to a "strong-buy" rating in a research report on Wednesday, July 31st. Finally, UBS Group increased their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a "buy" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $385.18.

Insider Transactions at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies 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 sale, the insider now owns 9,694 shares in the company, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.06% of the company's stock.

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.