Pekin Singer Strauss Asset Management IL cut its position in Zebra Technologies Corporation (NASDAQ:ZBRA) by 22.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,075 shares of the industrial products company’s stock after selling 4,050 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in Zebra Technologies Corporation were worth $1,415,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in Zebra Technologies Corporation by 15,105.8% in the first quarter. BlackRock Inc. now owns 4,142,827 shares of the industrial products company’s stock valued at $378,032,000 after buying an additional 4,115,582 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in Zebra Technologies Corporation during the first quarter valued at about $41,048,000. Marshall Wace North America L.P. purchased a new position in Zebra Technologies Corporation during the first quarter valued at about $41,048,000. Renaissance Technologies LLC raised its position in Zebra Technologies Corporation by 483.6% in the first quarter. Renaissance Technologies LLC now owns 272,731 shares of the industrial products company’s stock valued at $24,887,000 after buying an additional 226,000 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Zebra Technologies Corporation by 5.4% in the first quarter. Vanguard Group Inc. now owns 4,116,659 shares of the industrial products company’s stock valued at $375,645,000 after buying an additional 210,112 shares in the last quarter. 94.49% of the stock is owned by institutional investors.

Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) opened at 103.49 on Friday. The stock’s market capitalization is $5.50 billion. Zebra Technologies Corporation has a one year low of $62.91 and a one year high of $109.30. The stock’s 50 day moving average is $100.82 and its 200-day moving average is $95.29.

Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $1.51 EPS for the quarter, topping 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 million for the quarter, compared to analyst estimates of $876.90 million. During the same period last year, the business earned $1.34 EPS. Zebra Technologies Corporation’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that Zebra Technologies Corporation will post $6.61 EPS for the current fiscal year.

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Several equities analysts have issued reports on ZBRA shares. Zacks Investment Research lowered shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Morgan Stanley lowered shares of Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $95.00 to $100.00 in a report on Wednesday, May 31st. They noted that the move was a valuation call. Wells Fargo & Company lowered shares of Zebra Technologies Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 10th. ValuEngine lowered shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $107.00 price target on shares of Zebra Technologies Corporation in a report on Monday, May 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Zebra Technologies Corporation presently has an average rating of “Hold” and a consensus target price of $96.19.

In related news, SVP Hugh K. Gagnier sold 9,388 shares of Zebra Technologies Corporation stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $100.42, for a total transaction of $942,742.96. Following the sale, the senior vice president now directly owns 48,460 shares in the company, valued at approximately $4,866,353.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard L. Keyser sold 6,132 shares of Zebra Technologies Corporation stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $106.26, for a total transaction of $651,586.32. Following the sale, the director now owns 23,632 shares in the company, valued at $2,511,136.32. The disclosure for this sale can be found here. Insiders have sold a total of 18,881 shares of company stock worth $1,954,954 over the last quarter. 2.50% 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.

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

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