Nordea Investment Management AB grew its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 87.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,874,206 shares of the industrial products company’s stock after purchasing an additional 876,711 shares during the period. Nordea Investment Management AB owned approximately 3.70% of Zebra Technologies worth $457,419,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the business. Elevation Point Wealth Partners LLC grew its holdings in Zebra Technologies by 3.4% in the 2nd quarter. Elevation Point Wealth Partners LLC now owns 986 shares of the industrial products company’s stock valued at $304,000 after buying an additional 32 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Zebra Technologies by 2.1% during the 2nd quarter. Brown Advisory Inc. now owns 1,787 shares of the industrial products company’s stock worth $551,000 after acquiring an additional 36 shares during the period. Dearborn Partners LLC lifted its holdings in shares of Zebra Technologies by 3.9% during the 2nd quarter. Dearborn Partners LLC now owns 1,200 shares of the industrial products company’s stock worth $370,000 after acquiring an additional 45 shares during the period. Profund Advisors LLC boosted its position in shares of Zebra Technologies by 5.4% in the third quarter. Profund Advisors LLC now owns 893 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 46 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Zebra Technologies by 0.4% in the second quarter. Nomura Asset Management Co. Ltd. now owns 16,630 shares of the industrial products company’s stock valued at $5,128,000 after purchasing an additional 60 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.
Zebra Technologies Trading Down 1.2%
Shares of ZBRA stock opened at $203.62 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. Zebra Technologies Corporation has a fifty-two week low of $200.44 and a fifty-two week high of $352.66. The firm’s 50 day moving average price is $237.72 and its two-hundred day moving average price is $262.10. The stock has a market cap of $10.02 billion, a price-to-earnings ratio of 24.92 and a beta of 1.65.
Insider Transactions at Zebra Technologies
In related news, insider Cristen L. Kogl sold 145 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $235.71, for a total value of $34,177.95. Following the completion of the sale, the insider directly owned 23,687 shares in the company, valued at approximately $5,583,262.77. This represents a 0.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.84% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Zacks Research raised shares of Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Barclays lowered their price objective on shares of Zebra Technologies from $351.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Citigroup upped their price objective on Zebra Technologies from $311.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $345.00 target price on shares of Zebra Technologies in a research report on Friday, February 13th. Finally, Morgan Stanley set a $323.00 target price on Zebra Technologies in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $339.25.
Get Our Latest Research Report on Zebra Technologies
Zebra Technologies Company Profile
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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