Zebra Technologies Co. (NASDAQ:ZBRA) Holdings Cut by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,272 shares of the industrial products company's stock after selling 1,603 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Zebra Technologies worth $15,940,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ZBRA. Creative Planning lifted its stake in shares of Zebra Technologies by 18.1% during the 3rd quarter. Creative Planning now owns 4,545 shares of the industrial products company's stock worth $1,683,000 after purchasing an additional 698 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of Zebra Technologies by 4.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 3,364 shares of the industrial products company's stock worth $1,246,000 after purchasing an additional 129 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Zebra Technologies by 1.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,184 shares of the industrial products company's stock worth $1,920,000 after purchasing an additional 89 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of Zebra Technologies by 9.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 846 shares of the industrial products company's stock worth $313,000 after purchasing an additional 74 shares during the period. Finally, Net Worth Advisory Group acquired a new stake in shares of Zebra Technologies during the 3rd quarter worth $642,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Down 1.2 %

NASDAQ:ZBRA traded down $3.77 on Thursday, reaching $320.98. The stock had a trading volume of 560,555 shares, compared to its average volume of 581,017. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $385.62 and a 200 day moving average of $373.40. The stock has a market cap of $16.56 billion, a P/E ratio of 31.53 and a beta of 1.63. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. On average, research analysts predict that Zebra Technologies Co. will post 14.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Robert W. Baird dropped their price objective on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a report on Tuesday. Truist Financial dropped their price objective on Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a report on Friday, February 14th. Morgan Stanley dropped their price objective on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. UBS Group dropped their price objective on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a report on Tuesday. Finally, StockNews.com upgraded Zebra Technologies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $381.42.

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.