Intech Investment Management LLC Buys Shares of 9,138 Zebra Technologies Co. (NASDAQ:ZBRA)

Intech Investment Management LLC purchased a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the second quarter, Holdings Channel reports. The fund purchased 9,138 shares of the industrial products company’s stock, valued at approximately $2,823,000.

A number of other hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its position in Zebra Technologies by 44.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after buying an additional 425,207 shares in the last quarter. APG Asset Management US Inc. acquired a new stake in Zebra Technologies during the fourth quarter valued at $67,476,000. Westfield Capital Management Co. LP acquired a new stake in Zebra Technologies during the fourth quarter valued at $38,688,000. Boston Partners grew its stake in Zebra Technologies by 9.7% in the first quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after purchasing an additional 98,045 shares in the last quarter. Finally, Fort Pitt Capital Group LLC increased its position in Zebra Technologies by 25.7% in the 1st quarter. Fort Pitt Capital Group LLC now owns 304,883 shares of the industrial products company’s stock worth $91,904,000 after purchasing an additional 62,337 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. TD Cowen boosted their price target on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Vertical Research started coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price target on the stock. Truist Financial reiterated a “hold” rating and issued a $345.00 price objective (up from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Barclays upped their price target on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $349.64.

Zebra Technologies Stock Up 0.8 %

Shares of ZBRA stock opened at $366.76 on Monday. The stock has a 50 day moving average of $335.86 and a 200-day moving average of $314.48. The firm has a market cap of $18.86 billion, a PE ratio of 72.77 and a beta of 1.65. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $372.93.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the firm earned $3.24 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, equities analysts predict that Zebra Technologies Co. will post 11.12 EPS for the current year.

Insider Buying and Selling

In other Zebra Technologies 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 transaction, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.06% of the stock is owned by company insiders.

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.