State Board of Administration of Florida Retirement System Acquires 4,929 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

State Board of Administration of Florida Retirement System increased its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 9.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 58,327 shares of the industrial products company’s stock after purchasing an additional 4,929 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Zebra Technologies were worth $18,548,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Hudson Value Partners LLC increased its stake in shares of Zebra Technologies by 12.3% in the first quarter. Hudson Value Partners LLC now owns 14,284 shares of the industrial products company’s stock worth $4,306,000 after buying an additional 1,570 shares during the period. Koshinski Asset Management Inc. purchased a new position in shares of Zebra Technologies in the first quarter worth $235,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Zebra Technologies by 18.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,467 shares of the industrial products company’s stock valued at $1,347,000 after purchasing an additional 700 shares during the period. Motley Fool Asset Management LLC increased its position in Zebra Technologies by 241.8% during the 1st quarter. Motley Fool Asset Management LLC now owns 3,196 shares of the industrial products company’s stock valued at $963,000 after purchasing an additional 2,261 shares during the period. Finally, Bleakley Financial Group LLC increased its position in Zebra Technologies by 12.4% during the 1st quarter. Bleakley Financial Group LLC now owns 3,247 shares of the industrial products company’s stock valued at $979,000 after purchasing an additional 357 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on ZBRA shares. Stephens boosted their price objective on shares of Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Needham & Company LLC boosted their price objective on shares of Zebra Technologies from $352.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. BNP Paribas raised shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $258.00 to $305.00 in a research report on Thursday, June 13th. UBS Group boosted their price objective on shares of Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Barclays initiated coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Zebra Technologies currently has an average rating of “Hold” and a consensus price target of $323.36.

Insider Buying and Selling at Zebra Technologies

In other news, insider Michael Cho sold 1,657 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the completion of the sale, the insider now owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

ZBRA traded down $2.91 during midday trading on Friday, hitting $320.46. 46,302 shares of the company traded hands, compared to its average volume of 350,645. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $16.48 billion, a PE ratio of 64.16 and a beta of 1.66. The company’s 50-day moving average is $313.52 and its 200 day moving average is $289.42. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $337.08.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.71. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.59 EPS. On average, research analysts expect that Zebra Technologies Co. will post 10.76 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.