Sumitomo Mitsui DS Asset Management Company Ltd Raises Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 20.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,248 shares of the industrial products company’s stock after acquiring an additional 1,064 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Zebra Technologies were worth $2,413,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Concord Wealth Partners acquired a new position in Zebra Technologies during the third quarter worth about $30,000. Fortitude Family Office LLC boosted its stake in shares of Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 59 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares during the period. Spire Wealth Management increased its stake in Zebra Technologies by 44.7% in the 4th quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 42 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Zebra Technologies by 24.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA opened at $358.44 on Tuesday. The business’s 50-day simple moving average is $397.18 and its 200 day simple moving average is $373.69. The company has a market cap of $18.49 billion, a P/E ratio of 48.77 and a beta of 1.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. Zebra Technologies Co. has a one year low of $243.49 and a one year high of $427.76.

Analyst Upgrades and Downgrades

ZBRA has been the topic of several research reports. Barclays upped their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Citigroup started coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target for the company. TD Cowen lifted their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. UBS Group upped their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley lifted their target price on Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $401.25.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.