Paloma Partners Management Co trimmed its position in shares of Zebra Technologies (NASDAQ:ZBRA) by 90.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,354 shares of the industrial products company’s stock after selling 22,169 shares during the period. Paloma Partners Management Co’s holdings in Zebra Technologies were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Cubist Systematic Strategies LLC raised its holdings in shares of Zebra Technologies by 442.8% during the second quarter. Cubist Systematic Strategies LLC now owns 33,586 shares of the industrial products company’s stock worth $4,811,000 after acquiring an additional 27,398 shares in the last quarter. Natixis raised its holdings in shares of Zebra Technologies by 111.3% during the second quarter. Natixis now owns 124,284 shares of the industrial products company’s stock worth $17,804,000 after acquiring an additional 65,479 shares in the last quarter. First Republic Investment Management Inc. raised its holdings in shares of Zebra Technologies by 35.9% during the second quarter. First Republic Investment Management Inc. now owns 31,166 shares of the industrial products company’s stock worth $4,465,000 after acquiring an additional 8,227 shares in the last quarter. Flinton Capital Management LLC raised its holdings in shares of Zebra Technologies by 45.3% during the second quarter. Flinton Capital Management LLC now owns 27,268 shares of the industrial products company’s stock worth $3,906,000 after acquiring an additional 8,500 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new stake in shares of Zebra Technologies during the second quarter worth $1,018,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

NASDAQ ZBRA opened at $178.24 on Friday. Zebra Technologies has a fifty-two week low of $101.49 and a fifty-two week high of $179.47. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.64 and a current ratio of 1.09. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of 27.85 and a beta of 1.57.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, August 7th. The industrial products company reported $2.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.25. Zebra Technologies had a return on equity of 49.48% and a net margin of 4.33%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $990.09 million. During the same period last year, the company earned $1.51 earnings per share. analysts anticipate that Zebra Technologies will post 9.62 earnings per share for the current fiscal year.

Several brokerages recently issued reports on ZBRA. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. restated a “buy” rating and set a $180.00 target price on shares of Zebra Technologies in a report on Friday, September 21st. Imperial Capital raised their target price on Zebra Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, September 21st. Wellington Shields lowered Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a report on Friday, September 14th. Finally, Needham & Company LLC raised their target price on Zebra Technologies from $175.00 to $178.00 and gave the company a “buy” rating in a report on Thursday, August 16th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Zebra Technologies currently has a consensus rating of “Buy” and a consensus price target of $166.22.

In other news, Director Michael A. Smith sold 633 shares of Zebra Technologies stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $164.84, for a total value of $104,343.72. Following the transaction, the director now directly owns 59,829 shares in the company, valued at $9,862,212.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anders Gustafsson sold 11,588 shares of Zebra Technologies stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $169.06, for a total value of $1,959,067.28. Following the completion of the transaction, the chief executive officer now owns 314,092 shares in the company, valued at $53,100,393.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,538 shares of company stock worth $9,817,605. Corporate insiders own 2.30% of the company’s stock.

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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