Principal Financial Group Inc. Buys 9,039 Shares of Zebra Technologies Corporation (ZBRA)

Principal Financial Group Inc. boosted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,896 shares of the industrial products company’s stock after purchasing an additional 9,039 shares during the quarter. Principal Financial Group Inc. owned about 0.43% of Zebra Technologies Corporation worth $22,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its position in Zebra Technologies Corporation by 15,105.8% during the first quarter. BlackRock Inc. now owns 4,142,827 shares of the industrial products company’s stock valued at $378,032,000 after purchasing an additional 4,115,582 shares in the last quarter. Vanguard Group Inc. boosted its position in Zebra Technologies Corporation by 5.4% during the first quarter. Vanguard Group Inc. now owns 4,116,659 shares of the industrial products company’s stock valued at $375,645,000 after purchasing an additional 210,112 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Zebra Technologies Corporation by 118.7% during the second quarter. Bank of New York Mellon Corp now owns 1,485,758 shares of the industrial products company’s stock valued at $149,349,000 after purchasing an additional 806,297 shares in the last quarter. State Street Corp boosted its position in Zebra Technologies Corporation by 2.1% during the first quarter. State Street Corp now owns 1,350,444 shares of the industrial products company’s stock valued at $123,234,000 after purchasing an additional 27,838 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in Zebra Technologies Corporation by 2.6% during the first quarter. Macquarie Group Ltd. now owns 610,812 shares of the industrial products company’s stock valued at $55,737,000 after purchasing an additional 15,573 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors.

Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) opened at 103.45 on Wednesday. The firm’s market cap is $5.49 billion. Zebra Technologies Corporation has a one year low of $62.91 and a one year high of $109.30. The firm has a 50-day moving average price of $101.91 and a 200 day moving average price of $98.04.

Zebra Technologies Corporation (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.17. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The company had revenue of $897.00 million for the quarter, compared to the consensus estimate of $876.90 million. During the same quarter in the prior year, the business earned $1.34 EPS. Zebra Technologies Corporation’s revenue was up 2.0% on a year-over-year basis. On average, analysts forecast that Zebra Technologies Corporation will post $6.67 earnings per share for the current fiscal year.

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ZBRA has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $107.00 price objective on shares of Zebra Technologies Corporation in a research report on Monday, May 22nd. ValuEngine downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Zacks Investment Research downgraded Zebra Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. Morgan Stanley downgraded Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $95.00 to $100.00 in a research report on Wednesday, May 31st. They noted that the move was a valuation call. Finally, BidaskClub downgraded Zebra Technologies Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $103.57.

In other news, CEO Anders Gustafsson sold 25,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $106.04, for a total transaction of $2,651,000.00. Following the completion of the transaction, the chief executive officer now directly owns 295,116 shares of the company’s stock, valued at approximately $31,294,100.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Hugh K. Gagnier sold 20,682 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $106.42, for a total value of $2,200,978.44. Following the transaction, the senior vice president now directly owns 39,072 shares of the company’s stock, valued at $4,158,042.24. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

Zebra Technologies Corporation Profile

Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.

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Institutional Ownership by Quarter for Zebra Technologies Corporation (NASDAQ:ZBRA)

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