Assenagon Asset Management S.A. Has $9.81 Million Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

Assenagon Asset Management S.A. raised its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 9.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,711 shares of the industrial products company's stock after buying an additional 2,926 shares during the period. Assenagon Asset Management S.A. owned about 0.07% of Zebra Technologies worth $9,808,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Investment Management Corp VA ADV purchased a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $27,000. Creative Financial Designs Inc. ADV lifted its position in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 36 shares during the last quarter. Sierra Ocean LLC acquired a new position in Zebra Technologies in the fourth quarter valued at $28,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies in the fourth quarter valued at $31,000. Finally, Avalon Trust Co purchased a new position in shares of Zebra Technologies during the fourth quarter worth about $35,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ZBRA shares. Truist Financial cut their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Needham & Company LLC decreased 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 note on Wednesday, April 30th. Barclays lowered their price target on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Finally, Morgan Stanley upped their price objective on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 28th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Zebra Technologies currently has an average rating of "Moderate Buy" and an average target price of $331.20.

Zebra Technologies Price Performance

NASDAQ ZBRA traded down $3.70 on Tuesday, reaching $289.36. The company's stock had a trading volume of 570,150 shares, compared to its average volume of 471,860. 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 firm's 50 day moving average is $269.26 and its two-hundred day moving average is $320.63. The stock has a market cap of $14.71 billion, a PE ratio of 27.38 and a beta of 1.75.

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