Public Employees Retirement System of Ohio purchased a new stake in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,625 shares of the industrial products company’s stock, valued at approximately $17,013,000.
Other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its holdings in Zebra Technologies by 1.0% during the 4th 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 during the last quarter. Invesco Ltd. increased its stake 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 buying an additional 416,568 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 acquiring an additional 5,224 shares in the last quarter. Boston Partners raised its holdings in Zebra Technologies by 0.4% in the third quarter. Boston Partners now owns 1,130,117 shares of the industrial products company’s stock valued at $335,940,000 after acquiring an additional 4,237 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Zebra Technologies by 28.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,096,040 shares of the industrial products company’s stock valued at $266,140,000 after acquiring an additional 244,890 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.
Zebra Technologies Stock Down 1.3%
Shares of Zebra Technologies stock opened at $356.45 on Friday. Zebra Technologies Corporation has a 12-month low of $199.05 and a 12-month high of $386.23. The firm has a market capitalization of $16.98 billion, a PE ratio of 32.61 and a beta of 1.59. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average is $304.30 and its 200-day moving average is $256.61.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Wolfe Research reiterated an “outperform” rating and issued a $317.00 price target on shares of Zebra Technologies in a research note on Thursday, July 9th. KeyCorp boosted their price objective on shares of Zebra Technologies from $305.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Citigroup lifted their target price on Zebra Technologies from $306.00 to $396.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. TD Cowen increased their target price on Zebra Technologies from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Robert W. Baird boosted their target price on shares of Zebra Technologies from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $381.00.
View Our Latest Report on ZBRA
Insider Buying and Selling
In other Zebra Technologies news, Director Linda Connly sold 500 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $377.68, for a total value of $188,840.00. Following the transaction, the director owned 3,708 shares in the company, valued at approximately $1,400,437.44. This represents a 11.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Cho sold 3,500 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $375.20, for a total transaction of $1,313,200.00. Following the transaction, the insider owned 5,170 shares in the company, valued at approximately $1,939,784. This represents a 40.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.91% of the stock is owned by corporate insiders.
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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