Nuveen Asset Management LLC Sells 5,923 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Nuveen Asset Management LLC lessened its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 142,104 shares of the industrial products company’s stock after selling 5,923 shares during the quarter. Nuveen Asset Management LLC’s holdings in Zebra Technologies were worth $54,883,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ZBRA. Barclays PLC boosted its holdings in Zebra Technologies by 2.4% in the third quarter. Barclays PLC now owns 113,177 shares of the industrial products company’s stock worth $41,910,000 after acquiring an additional 2,617 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Zebra Technologies by 11.0% during the third 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 during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Zebra Technologies by 103.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 31,785 shares of the industrial products company’s stock worth $12,276,000 after purchasing an additional 16,186 shares during the period. Avanza Fonder AB acquired a new stake in shares of Zebra Technologies during the fourth quarter worth about $2,242,000. Finally, HB Wealth Management LLC lifted its holdings in shares of Zebra Technologies by 14.7% during the fourth quarter. HB Wealth Management LLC now owns 1,378 shares of the industrial products company’s stock worth $532,000 after purchasing an additional 177 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.84% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ZBRA shares. Barclays decreased their target price on Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. UBS Group reduced their price target on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Needham & Company LLC reduced their price target on Zebra Technologies from $395.00 to $325.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Morgan Stanley reduced their price target on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com cut Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $321.73.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA opened at $300.62 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The business’s 50 day moving average price is $259.25 and its 200-day moving average price is $335.96. The firm has a market capitalization of $15.29 billion, a PE ratio of 29.53 and a beta of 1.74. Zebra Technologies Co. has a 1 year low of $205.73 and a 1 year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.42. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.84 earnings per share. As a group, equities research analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

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.