Palisade Capital Management LLC NJ lifted its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,175 shares of the industrial products company’s stock after purchasing an additional 1,842 shares during the quarter. Palisade Capital Management LLC NJ owned about 0.19% of Zebra Technologies Corporation worth $10,768,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Advisor Group Inc. boosted its holdings in shares of Zebra Technologies Corporation by 0.8% during the second quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 13 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Zebra Technologies Corporation by 3.9% in the second 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 last quarter. Teacher Retirement System of Texas boosted its holdings in Zebra Technologies Corporation by 2.2% in the second 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 last quarter. PNC Financial Services Group Inc. boosted its holdings in Zebra Technologies Corporation by 2.0% in the first quarter. PNC Financial Services Group Inc. now owns 6,056 shares of the industrial products company’s stock valued at $554,000 after acquiring an additional 116 shares during the last quarter. Finally, World Asset Management Inc boosted its holdings in Zebra Technologies Corporation by 5.1% in the second 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 last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Shares of Zebra Technologies Corporation (NASDAQ ZBRA) traded up $0.56 on Friday, hitting $114.33. The company’s stock had a trading volume of 313,470 shares, compared to its average volume of 210,781. The company has a quick ratio of 0.73, a current ratio of 1.16 and a debt-to-equity ratio of 2.98. The company has a market cap of $5,985.27, a price-to-earnings ratio of 19.36, a PEG ratio of 2.41 and a beta of 1.62.

Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.17. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. The firm had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $876.90 million. During the same period in the prior year, the company posted $1.34 EPS. The company’s revenue was up 2.0% on a year-over-year basis. equities research analysts expect that Zebra Technologies Corporation will post 6.23 EPS for the current fiscal year.

In other news, SVP Hugh K. Gagnier sold 20,682 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $106.42, for a total value of $2,200,978.44. Following the sale, the senior vice president now directly owns 39,072 shares of the company’s stock, valued at approximately $4,158,042.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Anders Gustafsson sold 25,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $106.04, for a total transaction of $2,651,000.00. Following the completion of the sale, the chief executive officer now directly owns 295,116 shares in the company, valued at $31,294,100.64. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

A number of research analysts recently weighed in on ZBRA shares. Zacks Investment Research upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Thursday, October 12th. Needham & Company LLC reiterated a “buy” rating and issued a $118.00 target price (up previously from $107.00) on shares of Zebra Technologies Corporation in a report on Thursday, August 10th. Northcoast Research upgraded Zebra Technologies Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday. BidaskClub cut Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Barrington Research reiterated an “outperform” rating and issued a $125.00 target price (up previously from $110.00) on shares of Zebra Technologies Corporation in a report on Tuesday, August 15th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Zebra Technologies Corporation presently has a consensus rating of “Buy” and a consensus price target of $105.29.

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Zebra Technologies Corporation Company Profile

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.

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

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