Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 8.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 151,448 shares of the industrial products company’s stock after selling 14,066 shares during the period. Eagle Asset Management Inc.’s holdings in Zebra Technologies were worth $60,475,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ZBRA. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zebra Technologies in the second quarter valued at $27,000. Farmers & Merchants Investments Inc. boosted its position in Zebra Technologies by 185.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 63 shares in the last quarter. Concord Wealth Partners acquired a new stake in Zebra Technologies in the third quarter valued at $30,000. Transcendent Capital Group LLC acquired a new position in Zebra Technologies during the second quarter worth about $32,000. Finally, Massmutual Trust Co. FSB ADV increased its position in Zebra Technologies by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Robert W. Baird increased their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price target on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a report on Wednesday, October 30th. UBS Group increased their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Needham & Company LLC upped their price objective on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Zebra Technologies Trading Up 2.1 %

NASDAQ:ZBRA opened at $392.66 on Friday. Zebra Technologies Co. has a 1 year low of $221.59 and a 1 year high of $405.62. The stock has a market cap of $20.25 billion, a price-to-earnings ratio of 53.42 and a beta of 1.64. The business has a fifty day moving average of $373.38 and a 200-day moving average of $340.14. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. Equities analysts predict that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Insider Buying and Selling at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.06% of the company’s stock.

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.