Victory Capital Management Inc. Has $383.85 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Victory Capital Management Inc. lessened its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 4.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,036,528 shares of the industrial products company's stock after selling 43,852 shares during the quarter. Victory Capital Management Inc. owned about 2.01% of Zebra Technologies worth $383,847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Meridian Management Co. increased its holdings in shares of Zebra Technologies by 2.5% in the third quarter. Meridian Management Co. now owns 11,200 shares of the industrial products company's stock worth $4,148,000 after acquiring an additional 270 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Zebra Technologies by 4.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,660 shares of the industrial products company's stock worth $158,001,000 after acquiring an additional 18,922 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Zebra Technologies in the third quarter worth about $357,000. Apollon Wealth Management LLC increased its holdings in shares of Zebra Technologies by 59.5% in the third quarter. Apollon Wealth Management LLC now owns 1,113 shares of the industrial products company's stock worth $412,000 after acquiring an additional 415 shares in the last quarter. Finally, WCM Investment Management LLC increased its holdings in shares of Zebra Technologies by 0.3% in the third quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company's stock worth $3,502,000 after acquiring an additional 27 shares in the last quarter. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded down $0.47 during trading hours on Tuesday, reaching $402.69. 325,399 shares of the stock were exchanged, compared to its average volume of 362,614. The firm has a market capitalization of $20.77 billion, a price-to-earnings ratio of 54.85 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. Zebra Technologies Co. has a 52 week low of $202.01 and a 52 week high of $405.62. The stock's fifty day simple moving average is $364.88 and its 200 day simple moving average is $336.26.

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

Insiders Place Their Bets

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now owns 9,694 shares in the company, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Nathan Andrew Winters sold 1,837 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the sale, the chief financial officer now owns 11,421 shares of the company's stock, valued at $4,359,738.33. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey F. Schmitz sold 1,000 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now directly owns 9,694 shares in the company, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.06% of the company's stock.

Analyst Ratings Changes

ZBRA has been the subject of several recent analyst reports. Robert W. Baird increased their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Barclays upped their price objective on Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Redburn Atlantic raised Zebra Technologies to a "strong-buy" rating in a research report on Wednesday, July 31st. Needham & Company LLC upped their price objective on Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, UBS Group upped their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $385.18.

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.