Optas LLC Has $678,000 Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Optas LLC boosted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,756 shares of the industrial products company’s stock after purchasing an additional 140 shares during the period. Optas LLC’s holdings in Zebra Technologies were worth $678,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zebra Technologies during the 2nd quarter valued at $27,000. Concord Wealth Partners purchased a new stake in Zebra Technologies in the third quarter worth $30,000. Fortitude Family Office LLC grew its stake in Zebra Technologies by 159.5% in the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 59 shares during the period. Blue Trust Inc. grew its stake in Zebra Technologies by 136.7% in the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the period. Finally, Spire Wealth Management grew its holdings in Zebra Technologies by 44.7% in the fourth quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 42 shares during the period. Institutional investors own 91.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ZBRA. Robert W. Baird lifted their price objective on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley boosted their price target on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. UBS Group upped their price objective on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays upped their price target on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Truist Financial upped their price objective on Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies presently has an average rating of “Moderate Buy” and an average price target of $401.25.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $386.09 on Tuesday. The stock has a 50-day simple moving average of $399.66 and a 200-day simple moving average of $371.77. The stock has a market capitalization of $19.91 billion, a PE ratio of 52.53 and a beta of 1.63. Zebra Technologies Co. has a 1 year low of $239.04 and a 1 year high of $427.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37.

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.