Mufg Securities Americas Inc. raised its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 24.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,127 shares of the industrial products company’s stock after acquiring an additional 218 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Zebra Technologies were worth $348,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in ZBRA. Trust Co. of Toledo NA OH acquired a new position in shares of Zebra Technologies during the second quarter valued at about $25,000. Zions Bancorporation National Association UT acquired a new position in Zebra Technologies during the 1st quarter valued at approximately $27,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Zebra Technologies in the first quarter worth $29,000. Brooklyn Investment Group lifted its stake in shares of Zebra Technologies by 101.9% during the first quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company’s stock worth $30,000 after buying an additional 54 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Zebra Technologies by 81.7% during the second quarter. Blue Trust Inc. now owns 109 shares of the industrial products company’s stock valued at $34,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.
Zebra Technologies Stock Up 0.6%
Zebra Technologies stock opened at $242.45 on Tuesday. The business’s 50-day moving average price is $282.60 and its 200 day moving average price is $300.60. The company has a quick ratio of 1.03, a current ratio of 1.61 and a debt-to-equity ratio of 0.56. The firm has a market cap of $12.28 billion, a price-to-earnings ratio of 24.44 and a beta of 1.80. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76.
Zebra Technologies declared that its Board of Directors has authorized a share repurchase program on Tuesday, August 5th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Insider Activity
In other news, Director Satish Dhanasekaran purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were purchased at an average cost of $233.12 per share, with a total value of $233,120.00. Following the completion of the acquisition, the director owned 3,356 shares of the company’s stock, valued at approximately $782,350.72. This represents a 42.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.84% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
ZBRA has been the subject of a number of research analyst reports. Barclays reduced their target price on Zebra Technologies from $375.00 to $360.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Needham & Company LLC raised their price objective on Zebra Technologies from $325.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Zebra Technologies in a report on Wednesday, October 8th. Citigroup cut their price target on shares of Zebra Technologies from $346.00 to $311.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Finally, KeyCorp reissued a “sector weight” rating on shares of Zebra Technologies in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $354.00.
Read Our Latest Research Report on Zebra Technologies
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.
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