Zebra Technologies Corporation (NASDAQ:ZBRA) Position Cut by Artemis Investment Management LLP

Artemis Investment Management LLP trimmed its position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 47.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 about 0.05% of Zebra Technologies worth $7,519,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Diversified Trust Co increased its stake in shares of Zebra Technologies by 87.6% during the 1st quarter. Diversified Trust Co now owns 2,611 shares of the industrial products company's stock valued at $738,000 after acquiring an additional 1,219 shares during the last quarter. KPP Advisory Services LLC increased its stake in shares of Zebra Technologies by 13.3% during the 1st quarter. KPP Advisory Services LLC now owns 1,487 shares of the industrial products company's stock valued at $420,000 after acquiring an additional 174 shares during the last quarter. Lecap Asset Management Ltd. increased its stake in shares of Zebra Technologies by 12.0% during the 1st quarter. Lecap Asset Management Ltd. now owns 6,017 shares of the industrial products company's stock valued at $1,700,000 after acquiring an additional 646 shares during the last quarter. Moran Wealth Management LLC acquired a new position in shares of Zebra Technologies during the 1st quarter valued at about $259,000. Finally, Asset Management One Co. Ltd. increased its stake in shares of Zebra Technologies by 6.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock valued at $6,024,000 after acquiring an additional 1,267 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Barclays dropped their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Robert W. Baird increased their target price on shares of Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Needham & Company LLC dropped their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. UBS Group dropped 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. Finally, Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Five investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $331.20.

Zebra Technologies Stock Up 0.3%

NASDAQ:ZBRA traded up $0.94 during trading hours on Friday, hitting $309.26. The stock had a trading volume of 893,872 shares, compared to its average volume of 477,073. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The business has a 50 day simple moving average of $280.51 and a two-hundred day simple moving average of $314.62. The company has a market cap of $15.73 billion, a PE ratio of 29.26 and a beta of 1.75.

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

Zebra Technologies Company 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.