Artemis Investment Management LLP Makes New Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Artemis Investment Management LLP acquired a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 60,907 shares of the industrial products company’s stock, valued at approximately $18,353,000. Artemis Investment Management LLP owned about 0.12% of Zebra Technologies as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC lifted its stake in Zebra Technologies by 11.9% during the 3rd quarter. LPL Financial LLC now owns 42,079 shares of the industrial products company’s stock valued at $9,953,000 after acquiring an additional 4,481 shares during the period. MQS Management LLC purchased a new stake in Zebra Technologies in the third quarter valued at $230,000. Treasurer of the State of North Carolina boosted its holdings in Zebra Technologies by 2.7% in the third quarter. Treasurer of the State of North Carolina now owns 22,968 shares of the industrial products company’s stock valued at $5,433,000 after purchasing an additional 600 shares during the last quarter. Synovus Financial Corp grew its position in Zebra Technologies by 112.6% during the 3rd quarter. Synovus Financial Corp now owns 14,197 shares of the industrial products company’s stock worth $3,358,000 after purchasing an additional 7,520 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Zebra Technologies by 318.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,423 shares of the industrial products company’s stock valued at $1,992,000 after buying an additional 6,408 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value of $531,085.07. Following the transaction, the insider now directly owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $308.93 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.56. The stock’s 50 day simple moving average is $308.71 and its 200-day simple moving average is $284.25. The company has a market cap of $15.89 billion, a PE ratio of 61.30 and a beta of 1.70. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $328.70.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $3.59 EPS. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. As a group, equities research analysts anticipate that Zebra Technologies Co. will post 10.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on ZBRA shares. UBS Group raised their target price on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. BNP Paribas raised shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $258.00 to $305.00 in a report on Thursday, June 13th. Robert W. Baird increased their price target on shares of Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Truist Financial reaffirmed a “hold” rating and issued a $315.00 price objective (up previously from $300.00) on shares of Zebra Technologies in a report on Wednesday, May 1st. Finally, Needham & Company LLC increased their target price on shares of Zebra Technologies from $352.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $323.36.

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.