Wellington Management Group LLP increased its stake in Zebra Technologies Corp. (NASDAQ:ZBRA) by 156.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 572,754 shares of the company’s stock after buying an additional 349,844 shares during the period. Wellington Management Group LLP owned 1.12% of Zebra Technologies Corp. worth $39,520,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Marshall Wace LLP boosted its stake in shares of Zebra Technologies Corp. by 113.3% in the fourth quarter. Marshall Wace LLP now owns 66,303 shares of the company’s stock valued at $4,618,000 after buying an additional 35,219 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in shares of Zebra Technologies Corp. by 2.9% in the fourth quarter. State of Wisconsin Investment Board now owns 206,513 shares of the company’s stock valued at $14,384,000 after buying an additional 5,808 shares in the last quarter. State Street Corp boosted its stake in shares of Zebra Technologies Corp. by 1.7% in the first quarter. State Street Corp now owns 1,383,141 shares of the company’s stock valued at $95,444,000 after buying an additional 23,570 shares in the last quarter. Olstein Capital Management L.P. boosted its stake in shares of Zebra Technologies Corp. by 46.0% in the fourth quarter. Olstein Capital Management L.P. now owns 184,000 shares of the company’s stock valued at $12,816,000 after buying an additional 58,000 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Zebra Technologies Corp. by 0.6% in the fourth quarter. Swiss National Bank now owns 68,546 shares of the company’s stock valued at $4,774,000 after buying an additional 400 shares in the last quarter.
Zebra Technologies Corp. (NASDAQ:ZBRA) traded up 1.88% during midday trading on Tuesday, hitting $52.65. 553,997 shares of the stock traded hands. Zebra Technologies Corp. has a 12-month low of $46.13 and a 12-month high of $110.46. The firm’s market cap is $2.75 billion. The company’s 50-day moving average is $52.50 and its 200 day moving average is $58.91.
Several research firms have weighed in on ZBRA. Avondale Partners began coverage on shares of Zebra Technologies Corp. in a research report on Tuesday, March 29th. They issued a “market perform” rating and a $80.00 price target on the stock. Goldman Sachs Group Inc. began coverage on shares of Zebra Technologies Corp. in a research report on Wednesday, June 8th. They issued a “neutral” rating and a $55.00 price target on the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Zebra Technologies Corp. in a research report on Monday, June 6th. Wellington Shields downgraded shares of Zebra Technologies Corp. from an “accumulate” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, Northcoast Research downgraded shares of Zebra Technologies Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $80.81.
In related news, Director Frank Blaise Modruson acquired 1,130 shares of the business’s stock in a transaction on Thursday, May 19th. The shares were bought at an average price of $48.88 per share, with a total value of $55,234.40. Following the completion of the acquisition, the director now owns 6,058 shares in the company, valued at $296,115.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Zebra Technologies Corporation offers enterprise asset intelligence products and services. The Company’s products and services allow customers to manage their assets, transactions and people of their organization. It designs, manufactures and sells a range of products, including enterprise mobile computers; advanced data capture devices; wireless local area network (WLAN) products; real-time location systems; related supplies, and utilities, frameworks and application software.
