Summitry LLC boosted its position in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,844 shares of the industrial products company’s stock after purchasing an additional 5,742 shares during the quarter. Zebra Technologies comprises 1.8% of Summitry LLC’s investment portfolio, making the stock its 23rd biggest position. Summitry LLC’s holdings in Zebra Technologies were worth $42,698,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in Zebra Technologies by 19.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 378,980 shares of the industrial products company’s stock worth $112,618,000 after purchasing an additional 62,046 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Zebra Technologies by 3.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 251,378 shares of the industrial products company’s stock worth $74,700,000 after purchasing an additional 9,272 shares in the last quarter. Atlantic Union Bankshares Corp lifted its stake in Zebra Technologies by 43,654.5% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 4,813 shares of the industrial products company’s stock worth $1,430,000 after purchasing an additional 4,802 shares in the last quarter. Vanguard Group Inc. lifted its stake in Zebra Technologies by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,513,454 shares of the industrial products company’s stock worth $1,935,538,000 after purchasing an additional 86,672 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Zebra Technologies by 399.5% in the 4th quarter. SG Americas Securities LLC now owns 64,907 shares of the industrial products company’s stock worth $15,761,000 after purchasing an additional 51,913 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.
Zebra Technologies Stock Performance
Zebra Technologies stock opened at $255.55 on Tuesday. The firm’s fifty day moving average price is $224.09 and its 200-day moving average price is $239.11. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.57 and a current ratio of 0.96. The stock has a market cap of $12.57 billion, a P/E ratio of 30.90 and a beta of 1.62. Zebra Technologies Corporation has a fifty-two week low of $199.05 and a fifty-two week high of $352.66.
Insider Buying and Selling at Zebra Technologies
In other news, Director Janice M. Roberts sold 3,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $249.54, for a total transaction of $748,620.00. Following the sale, the director owned 6,183 shares in the company, valued at approximately $1,542,905.82. This trade represents a 32.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Cristen L. Kogl sold 145 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $235.71, for a total transaction of $34,177.95. Following the sale, the insider owned 23,687 shares in the company, valued at approximately $5,583,262.77. This trade represents a 0.61% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,154 shares of company stock worth $784,866. Corporate insiders own 0.91% of the company’s stock.
Analyst Upgrades and Downgrades
ZBRA has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Morgan Stanley set a $323.00 target price on shares of Zebra Technologies in a research note on Thursday, February 12th. UBS Group reiterated a “buy” rating and issued a $335.00 target price on shares of Zebra Technologies in a research note on Friday, February 13th. Zacks Research cut shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Robert W. Baird increased their target price on shares of Zebra Technologies from $300.00 to $310.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $319.00.
Read Our Latest Report on ZBRA
Zebra Technologies Profile
Zebra Technologies Corporation is a global technology company specializing in marking, tracking and computer printing solutions. The company produces a wide range of hardware and software products designed to enable real-time visibility of assets, inventory and personnel across diverse industries. Its offerings help businesses automate data capture and streamline operations in environments such as retail, healthcare, manufacturing, transportation and logistics.
The company’s product portfolio includes barcode and RFID printers, mobile computing devices, barcode scanners, RFID readers and related supplies such as labels and tags.
Featured Articles
- Five stocks we like better than Zebra Technologies
- SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns
- Microsoft Stock Discount May Be Ending as AI Catalysts Build
- Apparel Earnings Winners and Losers: Ralph Lauren Takes Off
- Why Walmart, Target and TJX Got Such Different Reactions After Earnings
Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report).
Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
