Dimensional Fund Advisors LP boosted its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 10.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 420,472 shares of the industrial products company’s stock after buying an additional 39,589 shares during the period. Dimensional Fund Advisors LP owned approximately 0.80% of Zebra Technologies Corporation worth $38,366,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC raised its stake in Zebra Technologies Corporation by 3.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,312 shares of the industrial products company’s stock valued at $120,000 after buying an additional 48 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Zebra Technologies Corporation during the first quarter valued at about $140,000. Neuburgh Advisers LLC raised its stake in Zebra Technologies Corporation by 3.8% in the first quarter. Neuburgh Advisers LLC now owns 1,804 shares of the industrial products company’s stock valued at $165,000 after buying an additional 66 shares in the last quarter. James Investment Research Inc. purchased a new stake in Zebra Technologies Corporation during the first quarter valued at about $183,000. Finally, Acrospire Investment Management LLC raised its stake in shares of Zebra Technologies Corporation by 119.0% in the first quarter. Acrospire Investment Management LLC now owns 2,208 shares of the industrial products company’s stock worth $201,000 after buying an additional 1,200 shares during the period. 94.49% of the stock is owned by institutional investors.
Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) opened at 103.49 on Friday. The company’s market capitalization is $5.50 billion. The company has a 50-day moving average price of $100.82 and a 200-day moving average price of $95.29. Zebra Technologies Corporation has a 12 month low of $62.91 and a 12 month high of $109.30.
Zebra Technologies Corporation (NASDAQ:ZBRA) last issued its earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.17. The company had revenue of $897 million during the quarter, compared to analysts’ expectations of $876.90 million. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.34 EPS. On average, analysts forecast that Zebra Technologies Corporation will post $6.61 EPS for the current fiscal year.
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A number of brokerages have issued reports on ZBRA. Needham & Company LLC reaffirmed a “buy” rating and set a $118.00 price objective (up from $107.00) on shares of Zebra Technologies Corporation in a report on Thursday. BidaskClub lowered shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. ValuEngine raised shares of Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Morgan Stanley lowered shares of Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $95.00 to $100.00 in a report on Wednesday, May 31st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $96.19.
In other news, SVP Hugh K. Gagnier sold 9,388 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $100.42, for a total value of $942,742.96. Following the transaction, the senior vice president now owns 48,460 shares of the company’s stock, valued at approximately $4,866,353.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Michael H. Terzich sold 1,789 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $106.89, for a total value of $191,226.21. Following the completion of the transaction, the senior vice president now directly owns 33,445 shares in the company, valued at approximately $3,574,936.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,881 shares of company stock valued at $1,954,954. 2.50% of the stock is owned by company insiders.
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.
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