California State Teachers Retirement System lifted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 17,117.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 14,738,085 shares of the industrial products company’s stock after purchasing an additional 14,652,487 shares during the period. California State Teachers Retirement System owned about 0.31% of Zebra Technologies worth $3,879,948,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZBRA. Alliancebernstein L.P. lifted its position in shares of Zebra Technologies by 1,310.3% during the 2nd quarter. Alliancebernstein L.P. now owns 779,680 shares of the industrial products company’s stock worth $240,422,000 after purchasing an additional 724,396 shares during the last quarter. Norges Bank acquired a new stake in Zebra Technologies in the fourth quarter valued at $134,505,000. Focus Partners Wealth raised its stake in Zebra Technologies by 2,635.4% in the fourth quarter. Focus Partners Wealth now owns 543,473 shares of the industrial products company’s stock valued at $132,575,000 after buying an additional 523,605 shares in the last quarter. Invesco Ltd. lifted its holdings in Zebra Technologies by 30.1% during the 4th quarter. Invesco Ltd. now owns 1,801,516 shares of the industrial products company’s stock worth $437,444,000 after buying an additional 416,568 shares during the last quarter. Finally, Swedbank AB lifted its holdings in Zebra Technologies by 958.0% during the 1st quarter. Swedbank AB now owns 417,898 shares of the industrial products company’s stock worth $87,374,000 after buying an additional 378,400 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.
Zebra Technologies Price Performance
Shares of NASDAQ:ZBRA opened at $344.01 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 0.14. The company has a market cap of $16.39 billion, a P/E ratio of 31.47 and a beta of 1.60. Zebra Technologies Corporation has a 52 week low of $199.05 and a 52 week high of $386.23. The company has a 50-day moving average price of $322.15 and a 200 day moving average price of $262.51.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on ZBRA shares. Morgan Stanley set a $360.00 price target on shares of Zebra Technologies in a research note on Wednesday, August 5th. Wolfe Research restated an “outperform” rating and issued a $317.00 target price on shares of Zebra Technologies in a report on Thursday, July 9th. UBS Group reiterated a “buy” rating on shares of Zebra Technologies in a research note on Wednesday, August 5th. TD Cowen boosted their price target on shares of Zebra Technologies from $400.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $381.00.
View Our Latest Stock Analysis on Zebra Technologies
Insider Buying and Selling
In other Zebra Technologies news, Director Linda Connly sold 500 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $377.68, for a total value of $188,840.00. Following the completion of the transaction, the director owned 3,708 shares in the company, valued at approximately $1,400,437.44. This represents a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Cho sold 3,500 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $375.20, for a total value of $1,313,200.00. Following the completion of the sale, the insider directly owned 5,170 shares of the company’s stock, valued at approximately $1,939,784. This trade represents a 40.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.91% of the stock is owned by insiders.
About Zebra Technologies
Zebra Technologies Corporation (NASDAQ: ZBRA) provides enterprise asset intelligence solutions that help organizations identify, track and manage physical assets, inventory and workflows. Its technologies are used to capture data at the point of activity and connect that information with business systems.
The company offers barcode and label printers, mobile computers, handheld and fixed industrial scanners, RFID readers and printers, machine vision and imaging systems, location solutions, and related software and services.
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