9,138 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Purchased by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,138 shares of the industrial products company’s stock, valued at approximately $2,823,000.

Several other institutional investors also recently made changes to their positions in the stock. Farmers & Merchants Investments Inc. boosted its position in Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 63 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of Zebra Technologies during the second quarter valued at $32,000. BOK Financial Private Wealth Inc. bought a new position in shares of Zebra Technologies during the first quarter worth about $36,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 33 shares during the period. Finally, Webster Bank N. A. lifted its position in Zebra Technologies by 792.9% in the 2nd quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 111 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $366.76 on Monday. The company has a 50-day moving average of $335.86 and a 200-day moving average of $314.48. The firm has a market cap of $18.86 billion, a price-to-earnings ratio of 72.77 and a beta of 1.65. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $372.93.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the business posted $3.24 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. Analysts forecast that Zebra Technologies Co. will post 11.12 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the transaction, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on ZBRA. Robert W. Baird upped their target price on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Barclays raised their target price on Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Vertical Research initiated coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price target for the company. Stephens raised their price target on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC upped their price objective on shares of Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.64.

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.