Raymond James Financial Inc. Takes $140.04 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Raymond James Financial Inc. bought a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 362,590 shares of the industrial products company's stock, valued at approximately $140,039,000. Raymond James Financial Inc. owned approximately 0.70% of Zebra Technologies at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ZBRA. Arizona State Retirement System grew its stake in Zebra Technologies by 1.5% in the 4th quarter. Arizona State Retirement System now owns 14,960 shares of the industrial products company's stock valued at $5,778,000 after acquiring an additional 228 shares during the period. Proficio Capital Partners LLC acquired a new stake in Zebra Technologies in the 4th quarter valued at $24,314,000. Assetmark Inc. grew its stake in Zebra Technologies by 5,595.4% in the 4th quarter. Assetmark Inc. now owns 8,657 shares of the industrial products company's stock valued at $3,343,000 after acquiring an additional 8,505 shares during the period. Keybank National Association OH grew its stake in Zebra Technologies by 7.4% in the 4th quarter. Keybank National Association OH now owns 1,140 shares of the industrial products company's stock valued at $440,000 after acquiring an additional 79 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Zebra Technologies by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 307,889 shares of the industrial products company's stock worth $118,913,000 after purchasing an additional 8,910 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

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Zebra Technologies Trading Down 0.6 %

ZBRA traded down $1.87 on Friday, hitting $292.69. The company had a trading volume of 1,178,273 shares, compared to its average volume of 379,962. The firm has a market cap of $15.04 billion, a P/E ratio of 28.75 and a beta of 1.68. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76. The company's fifty day moving average price is $364.64 and its 200 day moving average price is $371.57. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued 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 company 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%. As a group, equities analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the business's stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.06% of the stock is owned by 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.