Natixis Boosts Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Natixis grew its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 3,599.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,565 shares of the industrial products company’s stock after buying an additional 21,955 shares during the quarter. Natixis’ holdings in Zebra Technologies were worth $6,802,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Czech National Bank boosted its stake in shares of Zebra Technologies by 0.5% in the first quarter. Czech National Bank now owns 9,036 shares of the industrial products company’s stock worth $2,724,000 after acquiring an additional 41 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Zebra Technologies by 3.4% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,652 shares of the industrial products company’s stock worth $498,000 after acquiring an additional 55 shares during the last quarter. Wahed Invest LLC boosted its stake in shares of Zebra Technologies by 7.2% in the fourth quarter. Wahed Invest LLC now owns 869 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 58 shares during the last quarter. MJP Associates Inc. ADV boosted its stake in shares of Zebra Technologies by 7.5% in the fourth quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 64 shares during the last quarter. Finally, Empirical Finance LLC boosted its stake in Zebra Technologies by 3.9% during the first quarter. Empirical Finance LLC now owns 1,724 shares of the industrial products company’s stock worth $520,000 after buying an additional 65 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ZBRA has been the topic of a number of research analyst reports. BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $258.00 to $305.00 in a research report on Thursday, June 13th. Needham & Company LLC boosted their price objective on Zebra Technologies from $352.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Wolfe Research upgraded Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective on the stock in a report on Monday, April 8th. UBS Group boosted their price objective on Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Vertical Research began coverage on Zebra Technologies in a report on Tuesday. They issued a “buy” rating and a $375.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.67.

Zebra Technologies Stock Up 0.7 %

NASDAQ ZBRA traded up $2.32 during trading hours on Thursday, hitting $324.41. 353,008 shares of the company were exchanged, compared to its average volume of 349,514. The company has a 50 day moving average of $314.01 and a two-hundred day moving average of $291.46. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $337.08. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 64.37 and a beta of 1.66.

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

Insider Transactions 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 stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the completion of the transaction, the insider now directly 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 SEC, which is available at this hyperlink. Insiders own 1.06% of the company’s stock.

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.