Boston Advisors LLC Has $11.75 Million Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

Boston Advisors LLC boosted its position in Zebra Technologies Corporation (NASDAQ:ZBRA) by 426.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 116,850 shares of the industrial products company’s stock after buying an additional 94,649 shares during the period. Boston Advisors LLC owned 0.22% of Zebra Technologies Corporation worth $11,746,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ING Groep NV bought a new stake in Zebra Technologies Corporation during the second quarter valued at approximately $645,000. Rothschild Investment Corp IL raised its stake in shares of Zebra Technologies Corporation by 34.0% in the second quarter. Rothschild Investment Corp IL now owns 4,535 shares of the industrial products company’s stock valued at $456,000 after buying an additional 1,150 shares during the last quarter. Oakbrook Investments LLC acquired a new stake in shares of Zebra Technologies Corporation during the second quarter valued at about $364,000. US Bancorp DE raised its stake in shares of Zebra Technologies Corporation by 4.3% in the second quarter. US Bancorp DE now owns 5,311 shares of the industrial products company’s stock valued at $534,000 after buying an additional 220 shares during the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Zebra Technologies Corporation by 1.4% in the second quarter. State Treasurer State of Michigan now owns 21,800 shares of the industrial products company’s stock valued at $2,191,000 after buying an additional 300 shares during the last quarter. 94.85% of the stock is currently owned by institutional investors.

Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) opened at 106.44 on Thursday. The company’s 50-day moving average is $100.95 and its 200-day moving average is $95.81. Zebra Technologies Corporation has a 12-month low of $62.91 and a 12-month high of $109.30. The stock’s market cap is $5.65 billion.

Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $1.51 EPS 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 firm had revenue of $897 million for the quarter, compared to analyst estimates of $876.90 million. During the same quarter last year, the firm posted $1.34 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts anticipate that Zebra Technologies Corporation will post $6.64 earnings per share for the current year.

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Several analysts recently commented on the stock. ValuEngine downgraded shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Barrington Research reissued an “outperform” rating and issued a $125.00 price objective (up previously from $110.00) on shares of Zebra Technologies Corporation in a report on Tuesday. Wells Fargo & Company downgraded shares of Zebra Technologies Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 10th. Zacks Investment Research downgraded shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Morgan Stanley cut shares of Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $95.00 to $100.00 in a research report on Wednesday, May 31st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $98.07.

In other Zebra Technologies Corporation news, SVP Michael H. Terzich sold 1,789 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $106.89, for a total value of $191,226.21. Following the completion of the sale, the senior vice president now owns 33,445 shares of the company’s stock, valued at $3,574,936.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Michael Cho sold 1,572 shares of Zebra Technologies Corporation stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $107.76, for a total value of $169,398.72. Following the sale, the senior vice president now directly owns 10,426 shares of the company’s stock, valued at approximately $1,123,505.76. The disclosure for this sale can be found here. Insiders sold 55,175 shares of company stock worth $5,864,190 in the last quarter. 2.50% of the stock is owned by insiders.

Zebra Technologies Corporation Company Profile

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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