Franklin Resources Inc. raised its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 19.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 686,840 shares of the industrial products company’s stock after acquiring an additional 113,650 shares during the quarter. Franklin Resources Inc. owned approximately 1.30% of Zebra Technologies Corporation worth $69,041,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Penserra Capital Management LLC bought a new stake in shares of Zebra Technologies Corporation in the second quarter valued at approximately $100,000. Meadow Creek Investment Management LLC raised its position in shares of 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 purchasing an additional 48 shares during the period. Quantbot Technologies LP bought a new stake in shares of Zebra Technologies Corporation in the first quarter valued at approximately $140,000. Neuburgh Advisers LLC raised its position in shares of 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 purchasing an additional 66 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Zebra Technologies Corporation by 3.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock valued at $189,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.
Several analysts have recently issued reports on ZBRA shares. Morgan Stanley lowered shares of Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $95.00 to $100.00 in a research report on Wednesday, May 31st. They noted that the move was a valuation call. Zacks Investment Research raised shares of Zebra Technologies Corporation from a “sell” rating to a “buy” rating and set a $119.00 price target on the stock in a research report on Friday, June 9th. ValuEngine lowered shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Needham & Company LLC reissued a “buy” rating and issued a $107.00 price target on shares of Zebra Technologies Corporation in a research report on Monday, May 22nd. Finally, BidaskClub lowered shares of Zebra Technologies Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $103.57.
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Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) opened at 104.20 on Thursday. The company’s market cap is $5.53 billion. Zebra Technologies Corporation has a 12-month low of $62.91 and a 12-month high of $109.30. The company’s 50-day moving average is $102.00 and its 200-day moving average is $98.11.
Zebra Technologies Corporation (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.17. The company had revenue of $897.00 million for the quarter, compared to the consensus estimate of $876.90 million. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.34 earnings per share. Equities research analysts predict that Zebra Technologies Corporation will post $6.67 earnings per share for the current year.
In related news, SVP Hugh K. Gagnier sold 20,682 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 39,072 shares of the company’s stock, valued at $4,158,042.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anders Gustafsson sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 295,116 shares in the company, valued at approximately $31,294,100.64. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
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.
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