KLP Kapitalforvaltning AS Buys Shares of 17,350 Zebra Technologies Co. (NASDAQ:ZBRA)

KLP Kapitalforvaltning AS bought a new position in Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 17,350 shares of the industrial products company’s stock, valued at approximately $6,701,000.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp boosted its holdings in Zebra Technologies by 3.4% in the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock valued at $796,128,000 after purchasing an additional 70,771 shares during the period. Geode Capital Management LLC lifted its position in shares of Zebra Technologies by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock worth $459,766,000 after acquiring an additional 14,237 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after purchasing an additional 89,765 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Zebra Technologies by 2.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company’s stock valued at $169,016,000 after purchasing an additional 10,956 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Zebra Technologies in the fourth quarter worth $140,039,000. 91.03% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Anders Gustafsson acquired 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, for a total transaction of $155,500.00. Following the completion of the transaction, the director now owns 202,176 shares of the company’s stock, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $291.02 on Wednesday. The firm’s 50-day simple moving average is $339.27 and its two-hundred day simple moving average is $367.08. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. The firm has a market cap of $14.95 billion, a price-to-earnings ratio of 28.59 and a beta of 1.68. 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 released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. As a group, equities analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ZBRA. 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 objective for the company. Morgan Stanley dropped their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Barclays decreased their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Robert W. Baird cut their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Finally, Needham & Company LLC reduced their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $381.42.

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.