Heron Bay Capital Management Has $11.87 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Heron Bay Capital Management grew its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,739 shares of the industrial products company’s stock after acquiring an additional 79 shares during the period. Zebra Technologies makes up 2.5% of Heron Bay Capital Management’s portfolio, making the stock its 17th biggest position. Heron Bay Capital Management’s holdings in Zebra Technologies were worth $11,872,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fox Run Management L.L.C. increased its stake in Zebra Technologies by 124.9% in the fourth quarter. Fox Run Management L.L.C. now owns 4,285 shares of the industrial products company’s stock valued at $1,655,000 after acquiring an additional 2,380 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Zebra Technologies during the fourth quarter valued at approximately $6,701,000. Knights of Columbus Asset Advisors LLC bought a new stake in shares of Zebra Technologies in the 4th quarter valued at approximately $1,675,000. AXQ Capital LP acquired a new position in shares of Zebra Technologies in the 4th quarter worth approximately $723,000. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Zebra Technologies during the 4th quarter worth approximately $788,000. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Stock Up 1.7 %

NASDAQ:ZBRA opened at $289.99 on Friday. The stock’s fifty day moving average price is $343.03 and its two-hundred day moving average price is $367.25. The company has a market cap of $14.90 billion, a price-to-earnings ratio of 28.49 and a beta of 1.68. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data 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). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. On average, analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the stock in a transaction on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the acquisition, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ZBRA. Robert W. Baird lowered their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. UBS Group lowered their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Citigroup started coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target for the company. Morgan Stanley decreased their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, Needham & Company LLC cut 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 note on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $381.42.

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.