Artemis Investment Management LLP Has $7.52 Million Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

Artemis Investment Management LLP lowered its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 47.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,609 shares of the industrial products company's stock after selling 24,237 shares during the period. Artemis Investment Management LLP owned 0.05% of Zebra Technologies worth $7,519,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Zebra Technologies during the fourth quarter valued at about $201,420,000. FMR LLC raised its holdings in Zebra Technologies by 181.1% in the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock valued at $299,585,000 after buying an additional 499,736 shares during the last quarter. Schroder Investment Management Group boosted its position in Zebra Technologies by 62.8% during the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after buying an additional 379,491 shares during the period. Raymond James Financial Inc. bought a new stake in Zebra Technologies during the 4th quarter worth approximately $140,039,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Zebra Technologies by 434.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock valued at $153,188,000 after acquiring an additional 322,475 shares during the period. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Up 2.3%

Shares of ZBRA stock traded up $7.22 during trading hours on Tuesday, hitting $315.58. 288,782 shares of the company were exchanged, compared to its average volume of 477,782. The company has a 50 day simple moving average of $282.23 and a two-hundred day simple moving average of $313.30. The firm has a market cap of $16.05 billion, a P/E ratio of 29.88 and a beta of 1.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on ZBRA shares. Robert W. Baird lifted their price target on shares of Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Morgan Stanley lifted their target price on Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 28th. Needham & Company LLC decreased their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Barclays cut their price objective on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Finally, UBS Group decreased their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $331.20.

Zebra Technologies Profile

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.