Shelton Capital Management Takes Position in Zebra Technologies Corporation (ZBRA)

Shelton Capital Management purchased a new stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,006 shares of the industrial products company’s stock, valued at approximately $403,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Flinton Capital Management LLC boosted its position in Zebra Technologies Corporation by 237.8% during the second quarter. Flinton Capital Management LLC now owns 9,418 shares of the industrial products company’s stock valued at $947,000 after purchasing an additional 6,630 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new position in Zebra Technologies Corporation during the second quarter valued at approximately $136,000. Clinton Group Inc. boosted its position in Zebra Technologies Corporation by 62.5% during the second quarter. Clinton Group Inc. now owns 16,449 shares of the industrial products company’s stock valued at $1,653,000 after purchasing an additional 6,324 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in Zebra Technologies Corporation by 362.3% during the second quarter. Tudor Investment Corp ET AL now owns 14,989 shares of the industrial products company’s stock valued at $1,507,000 after purchasing an additional 11,747 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. boosted its position in Zebra Technologies Corporation by 143.1% during the second quarter. Parallax Volatility Advisers L.P. now owns 2,335 shares of the industrial products company’s stock valued at $235,000 after purchasing an additional 7,755 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on the company. Barrington Research reissued an “outperform” rating and set a $125.00 price target (up from $110.00) on shares of Zebra Technologies Corporation in a research report on Tuesday, August 15th. Needham & Company LLC reissued a “buy” rating and set a $118.00 price target (up from $107.00) on shares of Zebra Technologies Corporation in a research report on Thursday, August 10th. BidaskClub cut Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research cut Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $101.17.

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

Shares of Zebra Technologies Corporation (NASDAQ ZBRA) opened at 111.29 on Thursday. The firm’s market capitalization is $5.91 billion. The stock has a 50 day moving average price of $105.95 and a 200-day moving average price of $100.97. Zebra Technologies Corporation has a 52-week low of $62.91 and a 52-week high of $112.53.

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

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Zebra Technologies Corporation Company 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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