Louisiana State Employees Retirement System purchased a new stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 2,500 shares of the industrial products company’s stock, valued at approximately $523,000.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Zebra Technologies by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 6,645,605 shares of the industrial products company’s stock worth $1,613,686,000 after buying an additional 132,151 shares in the last quarter. State Street Corp grew its holdings in shares of Zebra Technologies by 1.0% during the fourth quarter. State Street Corp now owns 2,263,614 shares of the industrial products company’s stock worth $549,651,000 after purchasing an additional 21,488 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Zebra Technologies by 87.9% in the fourth quarter. Nordea Investment Management AB now owns 1,874,206 shares of the industrial products company’s stock worth $457,419,000 after purchasing an additional 876,711 shares during the last quarter. Invesco Ltd. increased its position in shares of Zebra Technologies by 30.1% in the fourth quarter. Invesco Ltd. now owns 1,801,516 shares of the industrial products company’s stock worth $437,444,000 after purchasing an additional 416,568 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Zebra Technologies by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,338,221 shares of the industrial products company’s stock valued at $323,697,000 after purchasing an additional 5,224 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.
Zebra Technologies Price Performance
Shares of Zebra Technologies stock opened at $264.65 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.57. Zebra Technologies Corporation has a one year low of $199.05 and a one year high of $352.66. The business’s 50 day simple moving average is $242.98 and its two-hundred day simple moving average is $237.45. The stock has a market capitalization of $12.61 billion, a P/E ratio of 32.00 and a beta of 1.60.
Insider Transactions at Zebra Technologies
In other news, Director Janice M. Roberts sold 3,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $249.54, for a total transaction of $748,620.00. Following the completion of the transaction, the director directly owned 6,183 shares of the company’s stock, valued at approximately $1,542,905.82. This represents a 32.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Loizides Melissa Luff sold 500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $253.95, for a total value of $126,975.00. Following the completion of the sale, the insider directly owned 3,702 shares in the company, valued at $940,122.90. The trade was a 11.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.91% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several brokerages have issued reports on ZBRA. Zacks Research lowered shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Needham & Company LLC restated a “buy” rating and set a $345.00 price objective on shares of Zebra Technologies in a research report on Wednesday, May 13th. Wall Street Zen raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Sunday, June 28th. Barclays increased their target price on Zebra Technologies from $345.00 to $346.00 and gave the company an “overweight” rating in a research note on Monday, June 22nd. Finally, UBS Group restated a “buy” rating on shares of Zebra Technologies in a research report on Wednesday, July 1st. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and a consensus price target of $321.73.
Check Out Our Latest Analysis on Zebra Technologies
About Zebra Technologies
Zebra Technologies Corporation is a global technology company specializing in marking, tracking and computer printing solutions. The company produces a wide range of hardware and software products designed to enable real-time visibility of assets, inventory and personnel across diverse industries. Its offerings help businesses automate data capture and streamline operations in environments such as retail, healthcare, manufacturing, transportation and logistics.
The company’s product portfolio includes barcode and RFID printers, mobile computing devices, barcode scanners, RFID readers and related supplies such as labels and tags.
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