Charles Schwab Investment Management Inc. Sells 27,998 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Charles Schwab Investment Management Inc. lessened its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 8.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 298,979 shares of the industrial products company’s stock after selling 27,998 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.58% of Zebra Technologies worth $110,718,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its position in shares of Zebra Technologies by 5.3% in the 1st quarter. Advisors Asset Management Inc. now owns 3,249 shares of the industrial products company’s stock worth $979,000 after buying an additional 164 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in Zebra Technologies during the first quarter worth about $395,000. California State Teachers Retirement System increased its stake in shares of Zebra Technologies by 2.3% during the first quarter. California State Teachers Retirement System now owns 87,480 shares of the industrial products company’s stock valued at $26,370,000 after purchasing an additional 1,932 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Zebra Technologies by 172.3% during the first quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock valued at $1,154,000 after purchasing an additional 2,422 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of Zebra Technologies by 8.3% during the first quarter. Comerica Bank now owns 27,158 shares of the industrial products company’s stock valued at $8,187,000 after purchasing an additional 2,092 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ZBRA shares. Stephens upped their price target on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Needham & Company LLC boosted their target price on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird lifted their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, UBS Group lifted their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $385.18.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $400.94 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average price of $376.83 and a 200-day moving average price of $341.98. Zebra Technologies Co. has a 52 week low of $227.65 and a 52 week high of $405.62. The firm has a market capitalization of $20.68 billion, a PE ratio of 54.55 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. As a group, equities research analysts expect that Zebra Technologies Co. will post 12.4 earnings per share for the current 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.