Bank of New York Mellon Corp lowered its stake in shares of Zebra Technologies (NASDAQ:ZBRA) by 42.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,334,949 shares of the industrial products company’s stock after selling 994,742 shares during the quarter. Bank of New York Mellon Corp’s holdings in Zebra Technologies were worth $191,231,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ZBRA. Psagot Investment House Ltd. bought a new position in Zebra Technologies in the 2nd quarter valued at $129,000. Synovus Financial Corp bought a new position in Zebra Technologies in the 2nd quarter valued at $148,000. Optimum Investment Advisors bought a new position in Zebra Technologies in the 1st quarter valued at $151,000. Cerebellum GP LLC bought a new position in Zebra Technologies in the 2nd quarter valued at $172,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new position in Zebra Technologies in the 2nd quarter valued at $180,000. Institutional investors and hedge funds own 87.49% of the company’s stock.

ZBRA stock opened at $163.57 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.09 and a debt-to-equity ratio of 1.78. The firm has a market cap of $8.61 billion, a PE ratio of 25.56 and a beta of 1.46. Zebra Technologies has a fifty-two week low of $99.59 and a fifty-two week high of $167.61.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.25. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $990.09 million. Zebra Technologies had a return on equity of 49.48% and a net margin of 4.33%. During the same quarter in the prior year, the company earned $1.51 EPS. equities analysts forecast that Zebra Technologies will post 9.59 EPS for the current year.

ZBRA has been the subject of a number of recent analyst reports. BidaskClub upgraded Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 30th. JPMorgan Chase & Co. set a $170.00 price objective on Zebra Technologies and gave the company a “buy” rating in a research note on Monday, August 6th. Needham & Company LLC upped their price objective on Zebra Technologies from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Thursday. Robert W. Baird upped their price objective on Zebra Technologies from $146.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, May 9th. Finally, Zacks Investment Research downgraded Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 16th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $164.00.

In other news, Director Michael A. Smith sold 633 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $164.84, for a total transaction of $104,343.72. Following the completion of the transaction, the director now owns 59,829 shares in the company, valued at approximately $9,862,212.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael H. Terzich sold 2,896 shares of the stock in a transaction on Monday, May 21st. The stock was sold at an average price of $154.15, for a total value of $446,418.40. Following the transaction, the senior vice president now owns 34,089 shares of the company’s stock, valued at approximately $5,254,819.35. The disclosure for this sale can be found here. Insiders have sold a total of 40,245 shares of company stock valued at $6,487,830 in the last quarter. 2.30% of the stock is owned by corporate insiders.

Zebra Technologies Company Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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