1,528 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd purchased a new stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,528 shares of the industrial products company's stock, valued at approximately $592,000.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company's stock valued at $102,189,000 after purchasing an additional 265,014 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock valued at $335,905,000 after purchasing an additional 89,765 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Zebra Technologies by 111.0% in the fourth quarter. Allianz Asset Management GmbH now owns 164,224 shares of the industrial products company's stock worth $63,427,000 after buying an additional 86,379 shares during the last quarter. State Street Corp lifted its stake in shares of Zebra Technologies by 3.4% during the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company's stock worth $796,128,000 after buying an additional 70,771 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Zebra Technologies by 47.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company's stock worth $80,857,000 after buying an additional 67,742 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

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Insider Buying and Selling

In related news, Director Anders Gustafsson purchased 500 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the acquisition, the director now owns 202,176 shares in the company, valued at $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of several research reports. Morgan Stanley reduced their target price on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Robert W. Baird reduced their price objective on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Needham & Company LLC decreased their target price on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a report on Friday, February 14th. Citigroup assumed coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price target on the stock. Finally, Barclays decreased their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $381.42.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA traded down $1.87 during trading on Friday, hitting $292.69. 1,178,273 shares of the stock traded hands, compared to its average volume of 379,756. The company has a fifty day moving average price of $364.64 and a two-hundred day moving average price of $371.38. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The company has a market cap of $15.04 billion, a price-to-earnings ratio of 28.75 and a beta of 1.68. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released 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). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.31 billion. As a group, equities analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current year.

Zebra Technologies 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.