Penserra Capital Management LLC acquired a new position in Zebra Technologies Corporation (NASDAQ:ZBRA) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,590 shares of the industrial products company’s stock, valued at approximately $100,000.

A number of other large investors have also made changes to their positions in the company. Teachers Advisors LLC raised its stake in shares of Zebra Technologies Corporation by 3.4% in the fourth quarter. Teachers Advisors LLC now owns 47,878 shares of the industrial products company’s stock worth $4,106,000 after buying an additional 1,568 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Zebra Technologies Corporation by 0.4% in the first quarter. Bank of Montreal Can now owns 46,177 shares of the industrial products company’s stock worth $4,213,000 after buying an additional 177 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Zebra Technologies Corporation by 5.3% in the first quarter. Capstone Asset Management Co. now owns 5,602 shares of the industrial products company’s stock worth $511,000 after buying an additional 280 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Zebra Technologies Corporation by 0.6% in the first quarter. Nationwide Fund Advisors now owns 88,283 shares of the industrial products company’s stock worth $8,056,000 after buying an additional 508 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Zebra Technologies Corporation by 13.3% in the first quarter. Janney Montgomery Scott LLC now owns 4,630 shares of the industrial products company’s stock worth $422,000 after buying an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Shares of Zebra Technologies Corporation (NASDAQ ZBRA) opened at 101.59 on Wednesday. The stock’s 50 day moving average price is $101.45 and its 200 day moving average price is $96.69. The firm’s market capitalization is $5.40 billion. Zebra Technologies Corporation has a one year low of $62.91 and a one year high of $109.30.

Zebra Technologies Corporation (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.17. The firm had revenue of $897 million during the quarter, compared to analyst estimates of $876.90 million. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 EPS. Analysts expect that Zebra Technologies Corporation will post $6.67 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.watchlistnews.com/penserra-capital-management-llc-takes-position-in-zebra-technologies-corporation-zbra/1531728.html.

A number of equities research analysts have commented on ZBRA shares. Zacks Investment Research lowered Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Wells Fargo & Company lowered Zebra Technologies Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 10th. Barrington Research raised their price objective on Zebra Technologies Corporation from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, May 11th. Needham & Company LLC restated a “buy” rating and set a $107.00 price objective on shares of Zebra Technologies Corporation in a research report on Monday, May 22nd. Finally, ValuEngine lowered Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $103.57.

In other Zebra Technologies Corporation news, SVP Hugh K. Gagnier sold 20,682 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $106.42, for a total transaction of $2,200,978.44. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael Cho sold 1,572 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $107.76, for a total value of $169,398.72. Following the sale, the senior vice president now directly owns 10,426 shares of the company’s stock, valued at $1,123,505.76. The disclosure for this sale can be found here. Insiders have sold a total of 47,254 shares of company stock valued at $5,021,377 over the last three months. Corporate insiders own 2.50% of the company’s stock.

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.

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

Receive News & Ratings for Zebra Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.