State Treasurer State of Michigan trimmed its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 8.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,000 shares of the industrial products company’s stock after selling 1,800 shares during the period. State Treasurer State of Michigan’s holdings in Zebra Technologies Corporation were worth $2,172,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Zebra Technologies Corporation by 1.4% during the second quarter. State Street Corp now owns 1,368,743 shares of the industrial products company’s stock valued at $137,588,000 after purchasing an additional 18,299 shares during the last quarter. Advisor Group Inc. lifted 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 valued at $161,000 after purchasing an additional 13 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Zebra Technologies Corporation by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 77,463 shares of the industrial products company’s stock valued at $7,786,000 after purchasing an additional 1,095 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of Zebra Technologies Corporation during the first quarter valued at $362,000. Finally, Penserra Capital Management LLC purchased a new stake in shares of Zebra Technologies Corporation during the second quarter valued at $100,000. 90.17% of the stock is owned by institutional investors and hedge funds.

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Zebra Technologies Corporation (NASDAQ:ZBRA) last posted its earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.17. The firm had revenue of $897.00 million for 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 earnings per share.

Several equities research analysts have recently commented on ZBRA shares. Northcoast Research raised Zebra Technologies Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a report on Thursday, October 12th. BidaskClub downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Needham & Company LLC reissued a “buy” rating and issued a $118.00 price objective (up from $107.00) on shares of Zebra Technologies Corporation in a research note on Thursday, August 10th. Finally, Barrington Research reissued an “outperform” rating and issued a $125.00 price objective (up from $110.00) on shares of Zebra Technologies Corporation in a research note 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 stock. Zebra Technologies Corporation presently has an average rating of “Buy” and an average target price of $105.29.

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

Zebra Technologies Corporation 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)

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