The Manufacturers Life Insurance Company boosted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,700 shares of the industrial products company’s stock after buying an additional 8,928 shares during the period. The Manufacturers Life Insurance Company’s holdings in Zebra Technologies were worth $49,907,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Zebra Technologies by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 6,645,605 shares of the industrial products company’s stock worth $1,613,686,000 after acquiring an additional 132,151 shares in the last quarter. State Street Corp increased its holdings in shares of Zebra Technologies by 1.0% during the fourth quarter. State Street Corp now owns 2,263,614 shares of the industrial products company’s stock valued at $549,651,000 after acquiring an additional 21,488 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Zebra Technologies by 30.1% during the fourth quarter. Invesco Ltd. now owns 1,801,516 shares of the industrial products company’s stock valued at $437,444,000 after acquiring an additional 416,568 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Zebra Technologies by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,338,221 shares of the industrial products company’s stock worth $323,697,000 after purchasing an additional 5,224 shares during the last quarter. Finally, Boston Partners raised its position in shares of Zebra Technologies by 0.4% in the 3rd quarter. Boston Partners now owns 1,130,117 shares of the industrial products company’s stock worth $335,940,000 after purchasing an additional 4,237 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.
Zebra Technologies Trading Up 2.0%
Zebra Technologies stock opened at $288.57 on Friday. Zebra Technologies Corporation has a 52-week low of $199.05 and a 52-week high of $352.66. The company has a market cap of $13.74 billion, a P/E ratio of 34.89 and a beta of 1.60. The company has a quick ratio of 0.57, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The business has a 50-day simple moving average of $253.79 and a two-hundred day simple moving average of $239.69.
Wall Street Analyst Weigh In
ZBRA has been the topic of several recent analyst reports. Weiss Ratings raised shares of Zebra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 17th. UBS Group reaffirmed a “buy” rating on shares of Zebra Technologies in a report on Wednesday, July 1st. Wall Street Zen upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, June 28th. Needham & Company LLC reiterated a “buy” rating and set a $345.00 price target on shares of Zebra Technologies in a report on Wednesday, May 13th. Finally, Wolfe Research reissued an “outperform” rating and set a $317.00 price target on shares of Zebra Technologies in a research report on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $327.00.
View Our Latest Analysis on ZBRA
Insider Activity at Zebra Technologies
In other Zebra Technologies news, insider Loizides Melissa Luff sold 500 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $253.95, for a total value of $126,975.00. Following the transaction, the insider directly owned 3,702 shares in the company, valued at approximately $940,122.90. This trade represents a 11.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Janice M. Roberts sold 3,000 shares of Zebra Technologies stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $249.54, for a total transaction of $748,620.00. Following the transaction, the director owned 6,183 shares in the company, valued at $1,542,905.82. This represents a 32.67% decrease in their position. The SEC filing for this sale provides additional information. 0.91% of the stock is currently owned by company insiders.
About Zebra Technologies
Zebra Technologies Corporation is a global technology company specializing in marking, tracking and computer printing solutions. The company produces a wide range of hardware and software products designed to enable real-time visibility of assets, inventory and personnel across diverse industries. Its offerings help businesses automate data capture and streamline operations in environments such as retail, healthcare, manufacturing, transportation and logistics.
The company’s product portfolio includes barcode and RFID printers, mobile computing devices, barcode scanners, RFID readers and related supplies such as labels and tags.
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