Forsta AP Fonden Trims Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Forsta AP Fonden reduced its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 6.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 9,500 shares of the industrial products company’s stock after selling 700 shares during the period. Forsta AP Fonden’s holdings in Zebra Technologies were worth $2,935,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Zebra Technologies by 37.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 360,180 shares of the industrial products company’s stock valued at $98,455,000 after purchasing an additional 99,054 shares during the period. Janney Montgomery Scott LLC boosted its position in Zebra Technologies by 5.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 26,927 shares of the industrial products company’s stock valued at $7,360,000 after buying an additional 1,409 shares during the period. Norges Bank bought a new position in Zebra Technologies in the 4th quarter worth about $102,886,000. UBS Group AG increased its position in shares of Zebra Technologies by 25.2% during the fourth quarter. UBS Group AG now owns 82,897 shares of the industrial products company’s stock worth $22,658,000 after acquiring an additional 16,694 shares during the period. Finally, Coldstream Capital Management Inc. raised its stake in shares of Zebra Technologies by 59.1% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,553 shares of the industrial products company’s stock valued at $424,000 after acquiring an additional 577 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $337.48 on Monday. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $372.93. The business’s fifty day simple moving average is $332.39 and its 200-day simple moving average is $312.03. 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 $17.35 billion, a PE ratio of 66.96 and a beta of 1.65.

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 company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.24 EPS. Analysts expect that Zebra Technologies Co. will post 11.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Needham & Company LLC raised their price objective on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $258.00 to $305.00 in a report on Thursday, June 13th. TD Cowen increased their target price on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Stephens boosted their price target on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $349.64.

Insider Buying and Selling

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now owns 9,694 shares in the company, 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 company insiders.

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.