Assenagon Asset Management S.A. Purchases 53,265 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Assenagon Asset Management S.A. lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 487.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,202 shares of the industrial products company’s stock after acquiring an additional 53,265 shares during the period. Assenagon Asset Management S.A. owned 0.13% of Zebra Technologies worth $17,548,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Zebra Technologies by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,060,033 shares of the industrial products company’s stock worth $1,433,380,000 after acquiring an additional 36,194 shares in the last quarter. BlackRock Inc. raised its position in shares of Zebra Technologies by 8.0% in the 1st quarter. BlackRock Inc. now owns 3,812,577 shares of the industrial products company’s stock worth $1,212,399,000 after acquiring an additional 280,844 shares in the last quarter. State Street Corp grew its stake in Zebra Technologies by 0.5% during the 2nd quarter. State Street Corp now owns 2,076,555 shares of the industrial products company’s stock worth $614,307,000 after buying an additional 11,351 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Zebra Technologies by 4.9% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,646,301 shares of the industrial products company’s stock worth $389,400,000 after buying an additional 77,086 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Zebra Technologies by 65.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,361,482 shares of the industrial products company’s stock worth $402,767,000 after buying an additional 537,300 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ZBRA. Truist Financial began coverage on Zebra Technologies in a research note on Thursday, March 14th. They set a “hold” rating and a $300.00 target price on the stock. StockNews.com downgraded Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $270.67.

Zebra Technologies Stock Up 2.7 %

Shares of ZBRA opened at $299.16 on Thursday. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $320.55. The company has a quick ratio of 0.54, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $15.37 billion, a price-to-earnings ratio of 52.39 and a beta of 1.78. The stock’s 50-day moving average price is $270.28 and its 200-day moving average price is $246.91.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Thursday, February 15th. The industrial products company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the business earned $4.43 earnings per share. The company’s revenue was down 32.9% compared to the same quarter last year. On average, sell-side analysts predict that Zebra Technologies Co. will post 9.76 EPS for the current year.

Insider Transactions at Zebra Technologies

In other news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the sale, the chief accounting officer now owns 5,543 shares in the company, valued at $1,548,492.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.06% of the company’s stock.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.