Banque Cantonale Vaudoise Invests $277,000 in Zebra Technologies Corporation (NASDAQ:ZBRA)

Key Points

• Banque Cantonale Vaudoise invested approximately $277,000 in Zebra Technologies, acquiring 982 shares during the first quarter of the year.
• Zebra Technologies' stock has faced fluctuations, currently priced at $335.24, with a fifty-two week range between $205.73 and $427.76.
• Investment analysts have mixed ratings on Zebra Technologies, with a consensus rating of "Moderate Buy" and a target price averaging $341.56.

Banque Cantonale Vaudoise acquired a new stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 982 shares of the industrial products company's stock, valued at approximately $277,000.

Several other institutional investors also recently bought and sold shares of the business. FMR LLC raised its position in shares of Zebra Technologies by 181.1% in the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock worth $299,585,000 after acquiring an additional 499,736 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in Zebra Technologies during the fourth quarter valued at about $107,254,000. Victory Capital Management Inc. grew its stake in Zebra Technologies by 27.5% in the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock valued at $334,469,000 after purchasing an additional 255,193 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Zebra Technologies by 5,704.9% in the first quarter. Pacer Advisors Inc. now owns 259,363 shares of the industrial products company's stock worth $73,286,000 after purchasing an additional 254,895 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Zebra Technologies by 20,849.2% during the first quarter. GAMMA Investing LLC now owns 255,999 shares of the industrial products company's stock valued at $72,335,000 after buying an additional 254,777 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Down 1.1%

Shares of ZBRA stock opened at $335.24 on Friday. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The firm has a market capitalization of $17.05 billion, a PE ratio of 31.72 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. The stock's 50-day simple moving average is $310.38 and its 200-day simple moving average is $303.15.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ZBRA. Robert W. Baird lifted their price objective on shares of 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 lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Morgan Stanley upped their price target 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. Barclays lowered their price objective on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Finally, Needham & Company LLC reduced their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $341.56.

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.

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