Prudential Financial Inc. lifted its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 25.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,349 shares of the industrial products company’s stock after acquiring an additional 39,613 shares during the quarter. Prudential Financial Inc. owned 0.36% of Zebra Technologies Corporation worth $20,994,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. Penserra Capital Management LLC acquired a new position in shares of Zebra Technologies Corporation during the 2nd quarter worth approximately $100,000. Fieldpoint Private Securities LLC acquired a new position in shares of Zebra Technologies Corporation during the 2nd quarter worth approximately $136,000. Advisor Group Inc. raised its position in shares of Zebra Technologies Corporation by 0.8% during the 2nd quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 13 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Zebra Technologies Corporation by 3.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 71 shares during the last quarter. Finally, ARP Americas LLC acquired a new position in shares of Zebra Technologies Corporation during the 3rd quarter worth approximately $202,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.
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In other Zebra Technologies Corporation news, Director Frank Blaise Modruson purchased 1,540 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was bought at an average cost of $103.88 per share, for a total transaction of $159,975.20. Following the acquisition, the director now owns 12,556 shares of the company’s stock, valued at approximately $1,304,317.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.
Zebra Technologies Corporation (NASDAQ:ZBRA) opened at $108.76 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.22 and a debt-to-equity ratio of 3.01. The firm has a market capitalization of $5,740.00, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 2.21 and a beta of 1.62. Zebra Technologies Corporation has a twelve month low of $72.73 and a twelve month high of $117.44.
Zebra Technologies Corporation (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.14. The company had revenue of $935.00 million during the quarter, compared to the consensus estimate of $914.98 million. Zebra Technologies Corporation had a return on equity of 41.17% and a net margin of 0.82%. Zebra Technologies Corporation’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 EPS. equities research analysts anticipate that Zebra Technologies Corporation will post 6.34 earnings per share for the current fiscal year.
Several research analysts recently issued reports on ZBRA shares. Barrington Research restated an “outperform” rating and set a $125.00 price objective (up from $110.00) on shares of Zebra Technologies Corporation in a research report on Tuesday, August 15th. Zacks Investment Research downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $118.00 price objective (up from $107.00) on shares of Zebra Technologies Corporation in a research report on Thursday, August 10th. Wellington Shields upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. Finally, BidaskClub downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $111.75.
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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