Swiss National Bank decreased its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 5.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 146,600 shares of the industrial products company’s stock after selling 8,600 shares during the period. Swiss National Bank’s holdings in Zebra Technologies were worth $43,564,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fenimore Asset Management Inc boosted its stake in shares of Zebra Technologies by 0.6% during the third quarter. Fenimore Asset Management Inc now owns 353,914 shares of the industrial products company’s stock valued at $105,169,000 after purchasing an additional 2,281 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Zebra Technologies by 19.6% in the third 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 during the last quarter. Atlantic Union Bankshares Corp increased 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 buying an additional 4,802 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Zebra Technologies by 3.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 251,378 shares of the industrial products company’s stock valued at $74,700,000 after buying an additional 9,272 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Zebra Technologies by 1,826.5% during the 3rd quarter. Nordea Investment Management AB now owns 997,495 shares of the industrial products company’s stock valued at $292,705,000 after buying an additional 945,718 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.
Zebra Technologies Trading Down 4.4%
NASDAQ ZBRA opened at $204.17 on Friday. Zebra Technologies Corporation has a one year low of $203.70 and a one year high of $352.66. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.58 and a current ratio of 0.97. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 24.99 and a beta of 1.65. The company’s 50-day simple moving average is $243.45 and its two-hundred day simple moving average is $267.17.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. UBS Group restated a “buy” rating and issued a $335.00 target price on shares of Zebra Technologies in a research note on Friday, February 13th. Morgan Stanley set a $323.00 price target on shares of Zebra Technologies in a research note on Thursday, February 12th. Truist Financial lowered their price target on Zebra Technologies from $331.00 to $291.00 and set a “hold” rating for the company in a report on Thursday, December 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Zebra Technologies in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded Zebra Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $339.25.
Get Our Latest Stock Report on Zebra Technologies
Insiders Place Their Bets
In other Zebra Technologies news, insider Cristen L. Kogl sold 145 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $235.71, for a total transaction of $34,177.95. Following the completion of the sale, the insider owned 23,687 shares in the company, valued at $5,583,262.77. This represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.84% of the stock is currently owned by corporate insiders.
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.
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