Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,184 shares of the industrial products company’s stock after acquiring an additional 89 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Zebra Technologies were worth $1,920,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zebra Technologies in the 2nd quarter worth approximately $27,000. Farmers & Merchants Investments Inc. lifted its position in shares of 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 buying an additional 63 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of Zebra Technologies during the 2nd quarter worth $32,000. BOK Financial Private Wealth Inc. bought a new position in shares of Zebra Technologies during the 1st quarter worth $36,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in 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 last quarter. 91.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ZBRA. Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Vertical Research began coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price objective for the company. Stephens lifted their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Needham & Company LLC increased their target price on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Truist Financial raised their price target on Zebra Technologies from $345.00 to $379.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $352.73.

Insider Buying and Selling

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the sale, the insider now owns 9,694 shares in the company, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.06% of the stock is owned by company insiders.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $372.59 on Tuesday. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $380.05. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. The company has a market cap of $19.22 billion, a PE ratio of 84.11 and a beta of 1.66. The stock has a 50-day moving average price of $353.73 and a 200-day moving average price of $326.18.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.70. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. Zebra Technologies’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $3.24 earnings per share. As a group, equities analysts forecast that Zebra Technologies Co. will post 11.09 earnings per share for the current fiscal year.

Zebra Technologies Company 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.