Arizona State Retirement System Increases Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Arizona State Retirement System grew its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,960 shares of the industrial products company’s stock after acquiring an additional 228 shares during the quarter. Arizona State Retirement System’s holdings in Zebra Technologies were worth $5,778,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in shares of Zebra Technologies in the third quarter valued at about $2,113,000. Versor Investments LP purchased a new stake in shares of Zebra Technologies in the third quarter valued at about $1,752,000. LVM Capital Management Ltd. MI purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at about $643,000. Cerity Partners LLC raised its holdings in shares of Zebra Technologies by 45.3% in the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after buying an additional 3,328 shares during the last quarter. Finally, Board of the Pension Protection Fund purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at about $695,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ZBRA shares. UBS Group cut their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Truist Financial cut their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. Morgan Stanley cut their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. 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. Finally, Barclays cut their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $381.42.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares of the company’s stock, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Trading Down 0.6 %

Shares of ZBRA opened at $292.69 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average is $364.64 and its two-hundred day moving average is $371.38. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. The firm has a market capitalization of $15.04 billion, a P/E ratio of 28.75 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last issued its 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). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. On average, research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

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.