Cubist Systematic Strategies LLC Takes $1.04 Million Position in Zebra Technologies Corp. (ZBRA)

Cubist Systematic Strategies LLC acquired a new position in Zebra Technologies Corp. (NASDAQ:ZBRA) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,590 shares of the industrial products company’s stock, valued at approximately $1,041,000.

A number of other hedge funds have also modified their holdings of ZBRA. Janus Henderson Group PLC bought a new position in Zebra Technologies in the 2nd quarter worth approximately $157,116,000. Bank of New York Mellon Corp grew its holdings in Zebra Technologies by 118.7% in the 2nd 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 buying an additional 806,297 shares in the last quarter. BlackRock Inc. boosted its stake in Zebra Technologies by 16.8% during the 2nd quarter. BlackRock Inc. now owns 4,838,648 shares of the industrial products company’s stock valued at $486,381,000 after purchasing an additional 695,821 shares in the last quarter. Vanguard Group Inc. boosted its stake in Zebra Technologies by 10.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,545,495 shares of the industrial products company’s stock valued at $456,913,000 after purchasing an additional 428,836 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Zebra Technologies by 107.7% during the 3rd quarter. Wells Fargo & Company MN now owns 792,708 shares of the industrial products company’s stock valued at $86,073,000 after purchasing an additional 411,035 shares in the last quarter. 89.64% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on ZBRA. BidaskClub lowered Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. Imperial Capital raised Zebra Technologies from an “in-line” rating to an “outperform” rating and increased their price target for the company from $95.00 to $120.00 in a research note on Wednesday, November 29th. Zacks Investment Research lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Robert W. Baird reaffirmed a “buy” rating and set a $125.00 price target on shares of Zebra Technologies in a research note on Friday, November 10th. Finally, Wellington Shields raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $114.88.

In other Zebra Technologies news, Director Frank Blaise Modruson bought 1,540 shares of Zebra Technologies stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $103.88 per share, for a total transaction of $159,975.20. Following the completion of the acquisition, the director now directly owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Michael Cho sold 1,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $110.15, for a total value of $110,150.00. Following the completion of the sale, the senior vice president now owns 10,426 shares of the company’s stock, valued at approximately $1,148,423.90. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Shares of Zebra Technologies Corp. (ZBRA) opened at $103.93 on Wednesday. The firm has a market capitalization of $5,416.24, a price-to-earnings ratio of 16.37, a PEG ratio of 2.13 and a beta of 1.59. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.74 and a current ratio of 1.22. Zebra Technologies Corp. has a one year low of $81.02 and a one year high of $117.44.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.14. The business had revenue of $935.00 million during the quarter, compared to analyst estimates of $914.98 million. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $1.43 EPS. research analysts anticipate that Zebra Technologies Corp. will post 6.37 earnings per share for the current year.

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Zebra Technologies 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 (NASDAQ:ZBRA)

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