Mitsubishi UFJ Trust & Banking Corp Cuts Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 20.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 137,660 shares of the industrial products company's stock after selling 35,921 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.27% of Zebra Technologies worth $53,167,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Zebra Technologies by 18.5% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,091 shares of the industrial products company's stock worth $421,000 after purchasing an additional 170 shares in the last quarter. Modern Wealth Management LLC increased its stake in shares of Zebra Technologies by 2.7% in the fourth quarter. Modern Wealth Management LLC now owns 5,252 shares of the industrial products company's stock valued at $1,883,000 after buying an additional 137 shares during the period. EntryPoint Capital LLC raised its holdings in Zebra Technologies by 20.5% in the 4th quarter. EntryPoint Capital LLC now owns 842 shares of the industrial products company's stock valued at $325,000 after buying an additional 143 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in Zebra Technologies by 74.2% in the 4th quarter. Segall Bryant & Hamill LLC now owns 69,205 shares of the industrial products company's stock valued at $26,728,000 after buying an additional 29,478 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Zebra Technologies by 238.2% during the 4th quarter. Prudential Financial Inc. now owns 124,163 shares of the industrial products company's stock worth $47,954,000 after buying an additional 87,447 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

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Zebra Technologies Stock Down 1.5 %

Shares of ZBRA traded down $4.35 during trading hours on Friday, reaching $280.79. The stock had a trading volume of 289,682 shares, compared to its average volume of 399,640. The firm has a 50-day simple moving average of $332.18 and a 200 day simple moving average of $365.85. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 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 company has a market capitalization of $14.43 billion, a price-to-earnings ratio of 27.58 and a beta of 1.68.

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

Insiders Place Their Bets

In other news, Director Anders Gustafsson acquired 500 shares of the business's stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.06% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Morgan Stanley dropped their price target on shares of 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. Barclays cut their target price on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Robert W. Baird decreased their price target on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Citigroup began coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price target on the stock. Finally, UBS Group lowered their price objective on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $381.42.

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.