California Public Employees Retirement System lifted its position in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 3.6% in the first quarter, HoldingsChannel.com reports. The firm owned 90,492 shares of the industrial products company’s stock after purchasing an additional 3,121 shares during the quarter. California Public Employees Retirement System’s holdings in Zebra Technologies were worth $18,920,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Garner Asset Management Corp bought a new position in Zebra Technologies in the 4th quarter worth $30,000. Johnson Financial Group Inc. raised its holdings in Zebra Technologies by 330.3% during the fourth quarter. Johnson Financial Group Inc. now owns 142 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 109 shares during the period. SBI Securities Co. Ltd. raised its holdings in Zebra Technologies by 164.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 143 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 89 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Zebra Technologies in the second quarter valued at about $39,000. Finally, NBC Securities Inc. purchased a new position in shares of Zebra Technologies in the fourth quarter valued at about $57,000. 91.03% of the stock is currently owned by institutional investors.
Zebra Technologies Trading Down 2.2%
Shares of Zebra Technologies stock opened at $256.95 on Friday. Zebra Technologies Corporation has a twelve month low of $199.05 and a twelve month high of $352.66. The company has a quick ratio of 0.57, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average price of $251.23 and a 200-day moving average price of $238.92. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 31.07 and a beta of 1.60.
Insider Activity at Zebra Technologies
In other Zebra Technologies news, Director Janice M. Roberts sold 3,000 shares of the stock in a transaction on 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 owned 6,183 shares in the company, valued at $1,542,905.82. This trade represents a 32.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Loizides Melissa Luff sold 500 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $253.95, for a total transaction of $126,975.00. Following the transaction, the insider owned 3,702 shares of the company’s stock, valued at $940,122.90. This trade represents a 11.90% decrease in their position. The SEC filing for this sale provides additional information. 0.91% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Robert W. Baird increased their target price on Zebra Technologies from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Zacks Research downgraded Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Weiss Ratings raised shares of Zebra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 17th. BNP Paribas Exane lifted their price objective on shares of Zebra Technologies from $365.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Truist Financial boosted their target price on shares of Zebra Technologies from $267.00 to $296.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.00.
Get Our Latest Stock Report on ZBRA
Zebra Technologies Company Profile
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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