Northwestern Mutual Investment Management Company LLC cut its holdings in shares of Zebra Technologies (NASDAQ:ZBRA) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,584 shares of the industrial products company’s stock after selling 587 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Zebra Technologies were worth $2,008,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Metropolitan Life Insurance Co. NY increased its stake in Zebra Technologies by 0.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 18,142 shares of the industrial products company’s stock worth $2,889,000 after buying an additional 54 shares during the period. Norges Bank purchased a new stake in Zebra Technologies during the 4th quarter worth approximately $83,320,000. Public Employees Retirement System of Ohio increased its position in shares of Zebra Technologies by 2.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 313,960 shares of the industrial products company’s stock valued at $49,992,000 after purchasing an additional 8,487 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Zebra Technologies in the 4th quarter valued at approximately $812,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Zebra Technologies in the 1st quarter valued at approximately $214,000. Hedge funds and other institutional investors own 87.33% of the company’s stock.

Shares of NASDAQ:ZBRA opened at $171.44 on Monday. Zebra Technologies has a 52 week low of $136.16 and a 52 week high of $237.15. The company has a current ratio of 1.00, a quick ratio of 0.55 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of 16.76 and a beta of 1.53.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $2.92 EPS for the quarter, beating the Zacks’ consensus estimate of $2.88 by $0.04. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Zebra Technologies had a net margin of 9.91% and a return on equity of 45.47%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $2.56 EPS. On average, research analysts forecast that Zebra Technologies will post 11.82 earnings per share for the current year.

A number of brokerages have commented on ZBRA. Wellington Shields raised shares of Zebra Technologies from a “gradually accumulate” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. BidaskClub downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Imperial Capital reissued an “outperform” rating and issued a $225.00 price objective (up from $195.00) on shares of Zebra Technologies in a research report on Thursday, February 21st. Finally, JPMorgan Chase & Co. raised shares of Zebra Technologies to an “overweight” rating and increased their price objective for the company from $212.00 to $225.00 in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $211.50.

In related news, CMO Jeffrey F. Schmitz sold 1,382 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $212.95, for a total value of $294,296.90. Following the transaction, the chief marketing officer now directly owns 10,748 shares of the company’s stock, valued at approximately $2,288,786.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Bill Burns sold 2,297 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $212.41, for a total transaction of $487,905.77. Following the completion of the transaction, the senior vice president now directly owns 33,536 shares in the company, valued at $7,123,381.76. The disclosure for this sale can be found here. Insiders sold a total of 38,376 shares of company stock worth $8,128,028 over the last ninety days. Insiders own 1.77% of the company’s stock.

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Zebra Technologies 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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