Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,065 shares of the industrial products company’s stock after selling 800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Zebra Technologies were worth $3,115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ZBRA. Creative Planning raised its position in shares of Zebra Technologies by 18.1% in the 3rd quarter. Creative Planning now owns 4,545 shares of the industrial products company’s stock worth $1,683,000 after buying an additional 698 shares during the period. Blue Trust Inc. raised its position in Zebra Technologies by 136.7% in the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Zebra Technologies in the third quarter valued at about $247,000. Private Advisor Group LLC raised its position in Zebra Technologies by 1.4% in the third quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock valued at $821,000 after purchasing an additional 31 shares during the period. Finally, International Assets Investment Management LLC raised its position in Zebra Technologies by 17,054.4% in the third quarter. International Assets Investment Management LLC now owns 46,660 shares of the industrial products company’s stock valued at $17,279,000 after purchasing an additional 46,388 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Anders Gustafsson bought 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on ZBRA shares. UBS Group cut their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Needham & Company LLC cut their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Barclays lowered their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, Citigroup initiated coverage on Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price for the company. Five 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 stock. According to data from MarketBeat.com, Zebra Technologies currently has an average rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $319.48 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average of $378.39 and a two-hundred day moving average of $373.64. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. The company has a market cap of $16.41 billion, a P/E ratio of 31.38 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. As a group, analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current year.

Zebra Technologies Company Profile

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.