Assenagon Asset Management S.A. Purchases 16,186 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Assenagon Asset Management S.A. grew its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 103.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,785 shares of the industrial products company’s stock after purchasing an additional 16,186 shares during the period. Assenagon Asset Management S.A. owned about 0.06% of Zebra Technologies worth $12,276,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors 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 valued at about $27,000. Concord Wealth Partners bought a new stake in shares of Zebra Technologies during the third quarter worth about $30,000. Fortitude Family Office LLC raised its position in Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after buying an additional 59 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Zebra Technologies by 794.1% in the third quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 135 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the transaction, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.04% of the company’s stock.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $405.71 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average is $396.79 and its 200 day moving average is $365.40. Zebra Technologies Co. has a twelve month low of $233.95 and a twelve month high of $413.43. The company has a market capitalization of $20.93 billion, a P/E ratio of 55.20 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.57. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm’s quarterly revenue was up 31.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 EPS. On average, equities research analysts predict that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZBRA has been the subject of a number of recent analyst reports. Robert W. Baird upped their price objective on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial boosted their price target on shares of Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a research report on Thursday. Barclays lifted their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, TD Cowen boosted their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zebra Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $401.25.

About Zebra Technologies

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.