Principal Financial Group Inc. Purchases 6,514 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Principal Financial Group Inc. increased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 6.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,417 shares of the industrial products company's stock after purchasing an additional 6,514 shares during the quarter. Principal Financial Group Inc. owned 0.21% of Zebra Technologies worth $40,890,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ZBRA. Raymond James Trust N.A. grew its position in shares of Zebra Technologies by 3.1% during the second quarter. Raymond James Trust N.A. now owns 1,450 shares of the industrial products company's stock worth $448,000 after buying an additional 43 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Zebra Technologies by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 346,939 shares of the industrial products company's stock valued at $107,180,000 after acquiring an additional 7,117 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Zebra Technologies by 9.9% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,128 shares of the industrial products company's stock worth $348,000 after purchasing an additional 102 shares during the last quarter. Fort Pitt Capital Group LLC grew its position in shares of Zebra Technologies by 0.5% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 306,309 shares of the industrial products company's stock valued at $94,628,000 after buying an additional 1,426 shares during the last quarter. Finally, HB Wealth Management LLC increased its position in Zebra Technologies by 7.1% in the second quarter. HB Wealth Management LLC now owns 858 shares of the industrial products company's stock worth $265,000 after buying an additional 57 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZBRA has been the subject of a number of recent analyst reports. UBS Group increased their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Barclays lifted their target price on Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. StockNews.com raised shares of Zebra Technologies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Needham & Company LLC raised 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, October 30th. Finally, TD Cowen upped their target price on Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $398.55.

Zebra Technologies Stock Up 1.2 %

Shares of Zebra Technologies stock traded up $4.79 on Tuesday, hitting $395.44. 88,694 shares of the company traded hands, compared to its average volume of 358,637. Zebra Technologies Co. has a 12-month low of $233.95 and a 12-month high of $413.43. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The company has a market cap of $20.40 billion, a PE ratio of 53.80 and a beta of 1.64. The company has a 50-day moving average price of $391.12 and a 200 day moving average price of $353.86.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.92 by $0.57. The business had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm's quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. Sell-side analysts predict that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Insider Activity at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the firm's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now directly owns 11,421 shares of the company's stock, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.06% of the stock is owned by company insiders.

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.