Wedge Capital Management L L P NC lessened its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 194,904 shares of the industrial products company’s stock after selling 10,412 shares during the period. Wedge Capital Management L L P NC owned about 0.37% of Zebra Technologies Corporation worth $21,163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ZBRA. JPMorgan Chase & Co. lifted its stake in shares of Zebra Technologies Corporation by 5,002.4% in the 1st quarter. JPMorgan Chase & Co. now owns 38,064 shares of the industrial products company’s stock valued at $3,474,000 after acquiring an additional 37,318 shares during the last quarter. FMR LLC increased its holdings in Zebra Technologies Corporation by 26.1% during the 1st quarter. FMR LLC now owns 362,224 shares of the industrial products company’s stock valued at $33,053,000 after purchasing an additional 74,903 shares during the period. Teachers Advisors LLC increased its holdings in Zebra Technologies Corporation by 14.1% during the 1st quarter. Teachers Advisors LLC now owns 54,638 shares of the industrial products company’s stock valued at $4,986,000 after purchasing an additional 6,760 shares during the period. PNC Financial Services Group Inc. increased its holdings in Zebra Technologies Corporation by 2.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,056 shares of the industrial products company’s stock valued at $554,000 after purchasing an additional 116 shares during the period. Finally, Thrivent Financial For Lutherans increased its holdings in Zebra Technologies Corporation by 10.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 9,900 shares of the industrial products company’s stock valued at $903,000 after purchasing an additional 900 shares during the period. 90.30% of the stock is owned by institutional investors.

In other news, CEO Anders Gustafsson sold 25,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $106.04, for a total transaction of $2,651,000.00. Following the transaction, the chief executive officer now directly owns 295,116 shares of the company’s stock, valued at approximately $31,294,100.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Hugh K. Gagnier sold 20,682 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $106.42, for a total value of $2,200,978.44. Following the transaction, the senior vice president now directly owns 39,072 shares in the company, valued at $4,158,042.24. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

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A number of research analysts have weighed in on ZBRA shares. Barrington Research reiterated an “outperform” rating and set a $125.00 target price (up previously from $110.00) on shares of Zebra Technologies Corporation in a report on Tuesday, August 15th. Needham & Company LLC reiterated a “buy” rating and set a $118.00 target price (up previously from $107.00) on shares of Zebra Technologies Corporation in a report on Thursday, August 10th. BidaskClub downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Northcoast Research upgraded Zebra Technologies Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday, October 31st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Zebra Technologies Corporation currently has a consensus rating of “Buy” and a consensus price target of $105.29.

Zebra Technologies Corporation (ZBRA) opened at $114.33 on Monday. The stock has a market capitalization of $6,071.84, a P/E ratio of 19.64, a P/E/G ratio of 2.45 and a beta of 1.62. Zebra Technologies Corporation has a 12-month low of $62.91 and a 12-month high of $117.44. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.16 and a quick ratio of 0.73.

Zebra Technologies Corporation (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.17. The business had revenue of $897.00 million for the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 EPS. equities analysts anticipate that Zebra Technologies Corporation will post 6.23 earnings per share for the current fiscal year.

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.

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

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