Victory Capital Management Inc. decreased its position in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 11.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 851,150 shares of the industrial products company’s stock after selling 107,669 shares during the period. Victory Capital Management Inc.’s holdings in Zebra Technologies were worth $252,928,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in ZBRA. Elevation Point Wealth Partners LLC lifted its holdings in Zebra Technologies by 3.4% during the second quarter. Elevation Point Wealth Partners LLC now owns 986 shares of the industrial products company’s stock worth $304,000 after acquiring an additional 32 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Zebra Technologies by 19.2% in the second quarter. Parkside Financial Bank & Trust now owns 205 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 33 shares in the last quarter. Wealth Alliance LLC raised its position in shares of Zebra Technologies by 3.5% during the second quarter. Wealth Alliance LLC now owns 978 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 33 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Zebra Technologies by 2.1% during the 2nd quarter. Brown Advisory Inc. now owns 1,787 shares of the industrial products company’s stock valued at $551,000 after purchasing an additional 36 shares in the last quarter. Finally, Dearborn Partners LLC grew its position in shares of Zebra Technologies by 3.9% in the 2nd quarter. Dearborn Partners LLC now owns 1,200 shares of the industrial products company’s stock valued at $370,000 after purchasing an additional 45 shares during the period. Institutional investors own 91.03% of the company’s stock.
Zebra Technologies Stock Performance
Shares of ZBRA opened at $225.38 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.58. The firm has a 50-day moving average of $247.22 and a 200-day moving average of $271.22. The company has a market cap of $11.09 billion, a PE ratio of 27.59 and a beta of 1.65. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $352.66.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $345.00 target price on shares of Zebra Technologies in a research note on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Zebra Technologies in a report on Wednesday, January 21st. Truist Financial cut their price objective on shares of Zebra Technologies from $331.00 to $291.00 and set a “hold” rating on the stock in a research report on Thursday, December 18th. Barclays lowered their target price on Zebra Technologies from $351.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, February 13th. Finally, Morgan Stanley set a $323.00 price target on Zebra Technologies in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $339.25.
Get Our Latest Research Report on ZBRA
About Zebra Technologies
Zebra Technologies Corporation is a global technology company specializing in marking, tracking and computer printing solutions. The company produces a wide range of hardware and software products designed to enable real-time visibility of assets, inventory and personnel across diverse industries. Its offerings help businesses automate data capture and streamline operations in environments such as retail, healthcare, manufacturing, transportation and logistics.
The company’s product portfolio includes barcode and RFID printers, mobile computing devices, barcode scanners, RFID readers and related supplies such as labels and tags.
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