Sheaff Brock Investment Advisors LLC Buys New Stake in Zebra Technologies Corporation (ZBRA)

Sheaff Brock Investment Advisors LLC purchased a new position in Zebra Technologies Corporation (NASDAQ:ZBRA) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 8,462 shares of the industrial products company’s stock, valued at approximately $851,000.

Several other large investors also recently modified their holdings of ZBRA. Penserra Capital Management LLC acquired a new stake in shares of Zebra Technologies Corporation in the 2nd quarter worth approximately $100,000. Meadow Creek Investment Management LLC lifted its stake in shares of Zebra Technologies Corporation by 3.8% in the 1st quarter. Meadow Creek Investment Management LLC now owns 1,312 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 48 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Zebra Technologies Corporation in the 1st quarter worth approximately $140,000. Neuburgh Advisers LLC lifted its stake in shares of Zebra Technologies Corporation by 3.8% in the 1st quarter. Neuburgh Advisers LLC now owns 1,804 shares of the industrial products company’s stock worth $165,000 after acquiring an additional 66 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Zebra Technologies Corporation by 3.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock worth $189,000 after acquiring an additional 71 shares during the period. 90.02% of the stock is owned by institutional investors.

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In other news, CEO Anders Gustafsson sold 25,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $106.04, for a total transaction of $2,651,000.00. Following the completion of the sale, the chief executive officer now directly owns 295,116 shares of the company’s stock, valued at approximately $31,294,100.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Hugh K. Gagnier sold 20,682 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $106.42, for a total value of $2,200,978.44. Following the sale, the senior vice president now directly owns 39,072 shares of the company’s stock, valued at $4,158,042.24. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

Shares of Zebra Technologies Corporation (ZBRA) opened at 105.45 on Friday. Zebra Technologies Corporation has a 12-month low of $62.91 and a 12-month high of $109.30. The firm’s market cap is $5.60 billion. The stock’s 50 day moving average is $102.27 and its 200-day moving average is $98.21.

Zebra Technologies Corporation (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.17. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The business had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $876.90 million. During the same period last year, the business earned $1.34 EPS. The business’s revenue was up 2.0% on a year-over-year basis. On average, analysts anticipate that Zebra Technologies Corporation will post $6.67 EPS for the current fiscal year.

A number of brokerages have recently weighed in on ZBRA. Barrington Research reaffirmed an “outperform” rating and issued a $125.00 price target (up from $110.00) on shares of Zebra Technologies Corporation in a research note on Tuesday, August 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $118.00 price target (up from $107.00) on shares of Zebra Technologies Corporation in a research note on Thursday, August 10th. BidaskClub lowered shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research lowered shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, ValuEngine raised shares of Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $103.57.

About Zebra Technologies Corporation

Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.

Institutional Ownership by Quarter for Zebra Technologies Corporation (NASDAQ:ZBRA)

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