Riverhead Capital Management LLC grew its stake in Zebra Technologies (NASDAQ:ZBRA) by 46.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,664 shares of the industrial products company’s stock after buying an additional 12,650 shares during the quarter. Riverhead Capital Management LLC owned approximately 0.07% of Zebra Technologies worth $7,014,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ZBRA. Bank of Montreal Can increased its position in Zebra Technologies by 1.8% in the second quarter. Bank of Montreal Can now owns 21,945 shares of the industrial products company’s stock worth $3,144,000 after buying an additional 396 shares in the last quarter. Synovus Financial Corp purchased a new stake in Zebra Technologies in the second quarter worth about $148,000. Smith Asset Management Group LP purchased a new stake in Zebra Technologies in the second quarter worth about $10,029,000. New York State Teachers Retirement System increased its position in Zebra Technologies by 7.4% in the second quarter. New York State Teachers Retirement System now owns 91,857 shares of the industrial products company’s stock worth $13,159,000 after buying an additional 6,302 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Zebra Technologies by 30.6% in the second quarter. Wells Fargo & Company MN now owns 925,207 shares of the industrial products company’s stock worth $132,535,000 after buying an additional 216,621 shares in the last quarter. Institutional investors and hedge funds own 86.39% of the company’s stock.

In related news, SVP Joachim Heel sold 2,480 shares of the stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $182.38, for a total transaction of $452,302.40. Following the completion of the transaction, the senior vice president now directly owns 24,412 shares of the company’s stock, valued at $4,452,260.56. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Anders Gustafsson sold 35,160 shares of the stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $182.73, for a total value of $6,424,786.80. Following the transaction, the chief executive officer now directly owns 314,092 shares of the company’s stock, valued at $57,394,031.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,640 shares of company stock valued at $12,930,449. 2.30% of the stock is owned by corporate insiders.

A number of analysts have commented on the company. ValuEngine cut Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Northcoast Research set a $200.00 price target on Zebra Technologies and gave the stock a “buy” rating in a research report on Tuesday, October 16th. Robert W. Baird upped their price target on Zebra Technologies from $175.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, November 12th. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Finally, Needham & Company LLC increased their target price on Zebra Technologies from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Zebra Technologies presently has an average rating of “Buy” and an average price target of $180.22.

NASDAQ:ZBRA opened at $171.02 on Wednesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.09 and a quick ratio of 0.64. Zebra Technologies has a 12-month low of $101.49 and a 12-month high of $184.75. The stock has a market cap of $9.67 billion, a P/E ratio of 26.72 and a beta of 1.55.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, November 6th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.28. Zebra Technologies had a return on equity of 49.81% and a net margin of 7.55%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the business posted $1.87 earnings per share. The firm’s revenue was up 16.8% on a year-over-year basis. As a group, research analysts anticipate that Zebra Technologies will post 10.04 EPS for the current year.

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About Zebra Technologies

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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