Jackson Square Partners LLC Decreases Holdings in Zebra Technologies Corporation (ZBRA)

Jackson Square Partners LLC cut its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 13.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 779,746 shares of the industrial products company’s stock after selling 120,059 shares during the quarter. Jackson Square Partners LLC owned 1.47% of Zebra Technologies worth $84,664,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ZBRA. Penserra Capital Management LLC purchased a new position in shares of Zebra Technologies during the second quarter worth approximately $100,000. Fieldpoint Private Securities LLC purchased a new position in shares of Zebra Technologies during the second quarter worth approximately $136,000. Advisor Group Inc. raised its stake in shares of Zebra Technologies by 0.8% during the second quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 13 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Zebra Technologies by 3.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock worth $189,000 after acquiring an additional 71 shares in the last quarter. Finally, ARP Americas LLC purchased a new position in shares of Zebra Technologies during the third quarter worth approximately $202,000. 89.68% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently commented on the stock. Imperial Capital raised shares of Zebra Technologies from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $95.00 to $120.00 in a research note on Wednesday, November 29th. Zacks Investment Research downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Robert W. Baird reaffirmed a “buy” rating and issued a $125.00 target price on shares of Zebra Technologies in a research note on Friday, November 10th. Wellington Shields raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Finally, J P Morgan Chase & Co lifted their target price on shares of Zebra Technologies to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 7th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $114.88.

In other news, Director Frank Blaise Modruson purchased 1,540 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average price of $103.88 per share, for a total transaction of $159,975.20. Following the purchase, the director now directly owns 12,556 shares in the company, valued at approximately $1,304,317.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael Cho sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $110.15, for a total transaction of $110,150.00. Following the completion of the transaction, the senior vice president now owns 10,426 shares in the company, valued at approximately $1,148,423.90. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Shares of Zebra Technologies Corporation (NASDAQ ZBRA) opened at $105.31 on Thursday. Zebra Technologies Corporation has a fifty-two week low of $79.98 and a fifty-two week high of $117.44. The firm has a market cap of $5,710.37, a price-to-earnings ratio of 17.26, a P/E/G ratio of 2.24 and a beta of 1.59. The company has a quick ratio of 0.74, a current ratio of 1.22 and a debt-to-equity ratio of 3.01.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, November 7th. The industrial products company reported $1.87 EPS for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.14. Zebra Technologies had a net margin of 0.82% and a return on equity of 41.17%. The firm had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $914.98 million. During the same quarter in the previous year, the business posted $1.43 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis. equities analysts expect that Zebra Technologies Corporation will post 6.38 EPS for the current year.

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Zebra Technologies Company Profile

Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.

Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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