Pictet Asset Management Holding SA Has $53.65 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Pictet Asset Management Holding SA grew its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,906 shares of the industrial products company's stock after acquiring an additional 8,848 shares during the period. Pictet Asset Management Holding SA owned 0.27% of Zebra Technologies worth $53,648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ZBRA. Creative Financial Designs Inc. ADV raised its position in Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after purchasing an additional 36 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies during the fourth quarter worth $28,000. Picton Mahoney Asset Management acquired a new position in shares of Zebra Technologies during the fourth quarter valued at $31,000. Avalon Trust Co acquired a new stake in Zebra Technologies in the fourth quarter worth about $35,000. Finally, Fortitude Family Office LLC grew its position in shares of Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock worth $37,000 after buying an additional 59 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on ZBRA. Citigroup assumed coverage on Zebra Technologies in a report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 target price on the stock. Needham & Company LLC reduced their price objective 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. 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 reduced their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Finally, Truist Financial lowered their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Zebra Technologies has an average rating of "Moderate Buy" and a consensus price target of $381.42.

Remove Ads

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson bought 500 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares of the company's stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.06% of the company's stock.

Zebra Technologies Stock Up 0.2 %

Shares of NASDAQ:ZBRA traded up $0.51 during mid-day trading on Tuesday, reaching $283.07. 359,241 shares of the stock were exchanged, compared to its average volume of 400,033. The company has a market cap of $14.54 billion, a P/E ratio of 27.81 and a beta of 1.68. The stock's 50 day simple moving average is $329.71 and its 200-day simple moving average is $365.67. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76.

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 (EPS) for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. As a group, equities research analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current year.

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.