Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 16.5% in the second quarter, HoldingsChannel.com reports. The fund owned 304,845 shares of the industrial products company’s stock after acquiring an additional 43,111 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Zebra Technologies were worth $94,176,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. increased its stake in shares of Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 63 shares during the period. Transcendent Capital Group LLC acquired a new stake in Zebra Technologies during the 2nd quarter worth about $32,000. BOK Financial Private Wealth Inc. purchased a new position in shares of Zebra Technologies during the 1st quarter valued at about $36,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after buying an additional 33 shares during the period. Finally, Webster Bank N. A. boosted its stake in shares of Zebra Technologies by 792.9% in the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock worth $39,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $354.52 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $372.93. The company has a market cap of $18.23 billion, a PE ratio of 70.34 and a beta of 1.65. The stock’s 50 day simple moving average is $333.76 and its 200-day simple moving average is $312.94.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.70. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.24 EPS. As a group, equities research analysts anticipate that Zebra Technologies Co. will post 11.12 EPS for the current fiscal year.

Analyst Ratings Changes

ZBRA has been the subject of several recent research reports. Barclays lifted their target price on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. TD Cowen lifted their price objective on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Vertical Research assumed coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price on the stock. BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $258.00 to $305.00 in a research note on Thursday, June 13th. Finally, Stephens increased their price target on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Zebra Technologies has a consensus rating of “Moderate Buy” and an average price target of $349.64.

Insider Buying and Selling at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the sale, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.06% of the stock is owned by insiders.

Zebra Technologies 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.