Bell Asset Management Ltd Sells 2,438 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Bell Asset Management Ltd reduced its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,329 shares of the industrial products company's stock after selling 2,438 shares during the period. Bell Asset Management Ltd's holdings in Zebra Technologies were worth $5,534,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Public Sector Pension Investment Board grew its stake in shares of Zebra Technologies by 15.3% in the third quarter. Public Sector Pension Investment Board now owns 2,256 shares of the industrial products company's stock valued at $835,000 after acquiring an additional 300 shares in the last quarter. Benjamin Edwards Inc. grew its position in shares of Zebra Technologies by 264.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 616 shares of the industrial products company's stock worth $228,000 after purchasing an additional 447 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Zebra Technologies by 4.3% during the third quarter. HighTower Advisors LLC now owns 5,923 shares of the industrial products company's stock worth $2,190,000 after purchasing an additional 245 shares during the period. IHT Wealth Management LLC raised its position in shares of Zebra Technologies by 47.9% in the third quarter. IHT Wealth Management LLC now owns 1,075 shares of the industrial products company's stock valued at $396,000 after buying an additional 348 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of Zebra Technologies by 39.8% in the third quarter. Quantinno Capital Management LP now owns 2,324 shares of the industrial products company's stock valued at $861,000 after buying an additional 662 shares during the period. 91.03% of the stock is owned by institutional investors.

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Insider Activity

In related news, Director Anders Gustafsson purchased 500 shares of Zebra Technologies stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.06% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Robert W. Baird reduced their price objective 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. Needham & Company LLC decreased 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. Barclays cut their target price on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Morgan Stanley lowered their price target on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a report on Tuesday. Finally, Citigroup started coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $359.73.

Zebra Technologies Price Performance

Shares of ZBRA traded up $2.07 during mid-day trading on Friday, reaching $225.44. 1,103,897 shares of the stock traded hands, compared to its average volume of 425,926. 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 Co. has a 1 year low of $205.73 and a 1 year high of $427.76. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 22.15 and a beta of 1.76. The firm has a fifty day moving average price of $293.40 and a 200 day moving average price of $356.49.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results 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 return on equity of 18.34% and a net margin of 10.60%. As a group, equities research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.