California State Teachers Retirement System Sells 4,334 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

California State Teachers Retirement System cut its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,594 shares of the industrial products company's stock after selling 4,334 shares during the quarter. California State Teachers Retirement System owned about 0.15% of Zebra Technologies worth $30,355,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Equitable Trust Co. increased its stake in Zebra Technologies by 1.7% during the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock valued at $618,000 after buying an additional 27 shares during the period. New York Life Investment Management LLC raised its stake in Zebra Technologies by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock valued at $2,976,000 after purchasing an additional 30 shares during the period. EverSource Wealth Advisors LLC raised its stake in Zebra Technologies by 2.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock valued at $518,000 after purchasing an additional 32 shares during the period. Benjamin Edwards Inc. raised its position in Zebra Technologies by 5.7% in the fourth quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company's stock worth $251,000 after purchasing an additional 35 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised 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 worth $27,000 after purchasing an additional 36 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on ZBRA. Robert W. Baird raised their price objective on shares of Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. UBS Group dropped their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Needham & Company LLC dropped their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Citigroup dropped their price objective on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and an average price target of $326.09.

Zebra Technologies Price Performance

Shares of ZBRA traded down $4.67 during mid-day trading on Friday, hitting $287.82. 656,080 shares of the company traded hands, compared to its average volume of 464,280. Zebra Technologies Co. has a one year low of $205.73 and a one year high of $427.76. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average of $260.42 and a 200 day moving average of $329.72. The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of 28.27 and a beta of 1.74.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly 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. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. As a group, equities analysts expect that Zebra Technologies Co. 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.