Zebra Technologies Co. (NASDAQ:ZBRA) Position Boosted by Prudential Financial Inc.

Prudential Financial Inc. lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 238.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,163 shares of the industrial products company's stock after buying an additional 87,447 shares during the quarter. Prudential Financial Inc. owned approximately 0.24% of Zebra Technologies worth $47,954,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Zebra Technologies in the 4th quarter worth about $140,039,000. FMR LLC grew 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 worth $102,189,000 after acquiring an additional 265,014 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock valued at $335,905,000 after acquiring an additional 89,765 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Zebra Technologies by 111.0% during the 4th quarter. Allianz Asset Management GmbH now owns 164,224 shares of the industrial products company's stock valued at $63,427,000 after acquiring an additional 86,379 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Zebra Technologies during the fourth quarter worth $28,423,000. Institutional investors own 91.03% of the company's stock.

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Insider Activity

In other news, Director Anders Gustafsson bought 500 shares of the company's stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.06% of the company's stock.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded down $4.35 during mid-day trading on Friday, reaching $280.79. 289,682 shares of the company traded hands, compared to its average volume of 399,640. The firm has a market cap of $14.43 billion, a PE ratio of 27.58 and a beta of 1.68. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76. The stock has a fifty day simple moving average of $332.18 and a 200-day simple moving average of $366.05.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Equities research analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ZBRA shares. Robert W. Baird lowered their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Morgan Stanley decreased 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. UBS Group cut their price target on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Barclays lowered their price objective on 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. Finally, Needham & Company LLC cut their target price on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently 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.