Zurcher Kantonalbank Zurich Cantonalbank Buys 1,374 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,789 shares of the industrial products company's stock after acquiring an additional 1,374 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Zebra Technologies were worth $4,553,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cascade Investment Advisors Inc. increased its position in shares of Zebra Technologies by 0.6% during the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company's stock worth $1,704,000 after purchasing an additional 25 shares during the last quarter. Equitable Trust Co. raised its holdings in shares of Zebra Technologies by 1.7% in the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock valued at $618,000 after purchasing an additional 27 shares during the period. KPP Advisory Services LLC lifted its stake in Zebra Technologies by 2.3% in the 3rd quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company's stock valued at $461,000 after purchasing an additional 28 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Zebra Technologies by 24.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company's stock worth $58,000 after purchasing an additional 30 shares during the period. Finally, New York Life Investment Management LLC increased its position in Zebra Technologies by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock worth $2,976,000 after buying an additional 30 shares during the last quarter. Institutional investors own 91.03% of the company's stock.

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Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Needham & Company LLC cut their price objective on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Citigroup initiated coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price objective on the stock. Robert W. Baird cut 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. Barclays reduced their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Finally, Truist Financial lowered their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Five research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $381.42.

Zebra Technologies Price Performance

NASDAQ ZBRA traded down $2.69 during midday trading on Tuesday, hitting $282.58. The company had a trading volume of 323,498 shares, compared to its average volume of 384,575. The company has a market capitalization of $14.52 billion, a PE ratio of 27.76 and a beta of 1.68. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $351.67 and a 200-day moving average price of $368.97.

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

Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the business's stock in a transaction on Monday, February 24th. The stock was purchased 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.06% of the stock is currently owned by company insiders.

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.