Tredje AP fonden Reduces Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Tredje AP fonden cut its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 50.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,009 shares of the industrial products company’s stock after selling 5,009 shares during the quarter. Tredje AP fonden’s holdings in Zebra Technologies were worth $1,935,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Avantax Advisory Services Inc. grew its holdings in shares of Zebra Technologies by 6.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 2,092 shares of the industrial products company’s stock valued at $808,000 after buying an additional 135 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Zebra Technologies by 2.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company’s stock valued at $518,000 after purchasing an additional 32 shares during the period. Sequoia Financial Advisors LLC lifted its position in Zebra Technologies by 172.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 1,820 shares of the industrial products company’s stock valued at $703,000 after purchasing an additional 1,153 shares during the period. HighTower Advisors LLC lifted its position in Zebra Technologies by 72.6% during the fourth quarter. HighTower Advisors LLC now owns 10,223 shares of the industrial products company’s stock valued at $3,948,000 after purchasing an additional 4,300 shares during the period. Finally, Miller Financial Services LLC acquired a new position in Zebra Technologies during the fourth quarter valued at $258,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup assumed coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price for the company. Barclays decreased their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Needham & Company LLC decreased their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. UBS Group decreased their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, Robert W. Baird decreased their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $381.42.

Zebra Technologies Stock Up 2.7 %

ZBRA opened at $278.97 on Friday. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $353.87 and a 200 day moving average price of $369.03. The company has a market cap of $14.33 billion, a PE ratio of 27.40 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Sell-side analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies Company Profile

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.