Commerce Bank purchased a new stake in Zebra Technologies Corporation (NASDAQ:ZBRA) during the third quarter, according to its most recent filing with the SEC. The firm purchased 2,561 shares of the industrial products company’s stock, valued at approximately $278,000.

Several other large investors have also recently made changes to their positions in the stock. Advisor Group Inc. raised its position in shares of Zebra Technologies Corporation by 0.8% in the 2nd quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock valued at $161,000 after acquiring an additional 13 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Zebra Technologies Corporation by 3.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock valued at $189,000 after acquiring an additional 71 shares during the period. Teacher Retirement System of Texas raised its position in shares of Zebra Technologies Corporation by 2.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,276 shares of the industrial products company’s stock valued at $430,000 after acquiring an additional 92 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Zebra Technologies Corporation by 3.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,235 shares of the industrial products company’s stock valued at $626,000 after acquiring an additional 179 shares during the period. Finally, World Asset Management Inc raised its position in shares of Zebra Technologies Corporation by 5.1% in the 2nd quarter. World Asset Management Inc now owns 3,821 shares of the industrial products company’s stock valued at $384,000 after acquiring an additional 187 shares during the period. Institutional investors and hedge funds own 92.50% of the company’s stock.

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A number of analysts recently issued reports on ZBRA shares. Zacks Investment Research raised Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research note on Thursday, October 12th. Northcoast Research raised Zebra Technologies Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Robert W. Baird reissued a “buy” rating and set a $125.00 target price on shares of Zebra Technologies Corporation in a research note on Friday, November 10th. Wellington Shields raised Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $118.00 target price (up from $107.00) on shares of Zebra Technologies Corporation in a research note on Thursday, August 10th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $111.75.

Zebra Technologies Corporation (NASDAQ:ZBRA) opened at $108.77 on Wednesday. The firm has a market cap of $5,791.75, a P/E ratio of 17.51, a PEG ratio of 2.27 and a beta of 1.62. Zebra Technologies Corporation has a 52 week low of $75.65 and a 52 week high of $117.44. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.74 and a current ratio of 1.22.

Zebra Technologies Corporation (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.14. The company had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $914.98 million. Zebra Technologies Corporation had a net margin of 0.82% and a return on equity of 41.17%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS. equities research analysts predict that Zebra Technologies Corporation will post 6.38 earnings per share for the current fiscal year.

In other Zebra Technologies Corporation news, Director Frank Blaise Modruson purchased 1,540 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $103.88 per share, with a total value of $159,975.20. Following the purchase, the director now directly owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 2.40% of the stock is owned by company insiders.

About Zebra Technologies Corporation

Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.

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

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