Allianz Asset Management GmbH Purchases 84,404 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Allianz Asset Management GmbH grew its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 51.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 248,628 shares of the industrial products company's stock after acquiring an additional 84,404 shares during the quarter. Allianz Asset Management GmbH owned about 0.48% of Zebra Technologies worth $70,252,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Zebra Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock worth $2,417,942,000 after buying an additional 55,130 shares during the period. Invesco Ltd. boosted its position in shares of Zebra Technologies by 1.5% during the fourth quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock worth $549,586,000 after buying an additional 20,992 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Zebra Technologies by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock worth $500,701,000 after buying an additional 86,766 shares during the period. Geode Capital Management LLC boosted its position in shares of Zebra Technologies by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock worth $491,935,000 after buying an additional 30,496 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Zebra Technologies by 27.5% during the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock worth $334,469,000 after buying an additional 255,193 shares during the period. Institutional investors own 91.03% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ZBRA shares. Morgan Stanley boosted their price objective on Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 28th. Truist Financial cut their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird upped their target price on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Wall Street Zen downgraded Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, BNP Paribas Exane upgraded Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a research report on Thursday, July 10th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $348.40.

Zebra Technologies Stock Up 0.2%

Shares of NASDAQ ZBRA traded up $0.79 during mid-day trading on Friday, reaching $334.19. The company had a trading volume of 51,820 shares, compared to its average volume of 576,527. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. The stock has a market capitalization of $16.99 billion, a PE ratio of 31.61 and a beta of 1.75. The stock's 50 day moving average is $305.33 and its 200-day moving average is $306.18.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. Zebra Technologies's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.84 earnings per share. As a group, equities analysts anticipate that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.