First Trust Advisors LP Sells 4,235 Shares of Zebra Technologies Corporation (ZBRA)

First Trust Advisors LP lessened its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 240,212 shares of the industrial products company’s stock after selling 4,235 shares during the quarter. First Trust Advisors LP owned about 0.45% of Zebra Technologies Corporation worth $26,082,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC acquired a new stake in Zebra Technologies Corporation during the second quarter worth $157,116,000. Bank of New York Mellon Corp increased its stake 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 worth $149,349,000 after acquiring an additional 806,297 shares during the last quarter. BlackRock Inc. increased its stake in Zebra Technologies Corporation by 16.8% during the second quarter. BlackRock Inc. now owns 4,838,648 shares of the industrial products company’s stock worth $486,381,000 after acquiring an additional 695,821 shares during the last quarter. Vanguard Group Inc. increased its stake in Zebra Technologies Corporation by 10.4% during the second quarter. Vanguard Group Inc. now owns 4,545,495 shares of the industrial products company’s stock worth $456,913,000 after acquiring an additional 428,836 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its stake in Zebra Technologies Corporation by 262.0% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 177,990 shares of the industrial products company’s stock worth $17,891,000 after acquiring an additional 128,827 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

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

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

Several equities research analysts have issued reports on ZBRA shares. Northcoast Research raised Zebra Technologies Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research raised Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research note on Thursday, October 12th. BidaskClub cut Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Needham & Company LLC reissued a “buy” rating and set a $118.00 target price (up previously from $107.00) on shares of Zebra Technologies Corporation in a research note on Thursday, August 10th. Finally, Barrington Research reissued an “outperform” rating and set a $125.00 target price (up previously from $110.00) on shares of Zebra Technologies Corporation in a research note on Tuesday, August 15th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $104.29.

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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