Castleark Management LLC lowered its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA) by 38.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,997 shares of the industrial products company’s stock after selling 58,723 shares during the quarter. Castleark Management LLC owned 0.18% of Zebra Technologies Corporation worth $9,449,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Fieldpoint Private Securities LLC bought a new stake in Zebra Technologies Corporation in the second quarter valued at about $136,000. Advisor Group Inc. boosted its position in Zebra Technologies Corporation by 0.8% in the second quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock valued at $161,000 after buying an additional 13 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Zebra Technologies Corporation by 3.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock valued at $189,000 after buying an additional 71 shares in the last quarter. Cigna Investments Inc. New acquired a new position in Zebra Technologies Corporation in the second quarter valued at about $215,000. Finally, Parallax Volatility Advisers L.P. boosted its position in Zebra Technologies Corporation by 143.1% in 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 buying an additional 7,755 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.
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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.17. The firm had revenue of $897.00 million for the quarter, compared to the consensus estimate of $876.90 million. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.34 EPS.
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In other news, SVP Hugh K. Gagnier sold 20,682 shares of Zebra Technologies Corporation stock in a transaction 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 sale, the senior vice president now owns 39,072 shares in the company, valued at approximately $4,158,042.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anders Gustafsson sold 25,000 shares of Zebra Technologies Corporation stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $106.04, for a total transaction of $2,651,000.00. Following the completion of the sale, the chief executive officer now owns 295,116 shares of the company’s stock, valued at approximately $31,294,100.64. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
A number of equities analysts have commented on ZBRA shares. BidaskClub lowered shares of Zebra Technologies Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded shares of Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Thursday. Needham & Company LLC restated a “buy” rating and issued a $118.00 price target (up from $107.00) on shares of Zebra Technologies Corporation in a research report on Thursday, August 10th. Finally, Barrington Research restated an “outperform” rating and issued a $125.00 price target (up from $110.00) on shares of Zebra Technologies Corporation in a research report on Tuesday, August 15th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $104.29.
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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