4,505 Shares in Zebra Technologies Corporation (NASDAQ:ZBRA) Purchased by Highland Capital Management LLC

Highland Capital Management LLC purchased a new position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,505 shares of the industrial products company's stock, valued at approximately $1,273,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mcdaniel Terry & Co. increased its stake in Zebra Technologies by 6.1% in the first quarter. Mcdaniel Terry & Co. now owns 50,384 shares of the industrial products company's stock valued at $14,237,000 after acquiring an additional 2,890 shares during the last quarter. Achmea Investment Management B.V. boosted its stake in Zebra Technologies by 335.7% in the first quarter. Achmea Investment Management B.V. now owns 8,435 shares of the industrial products company's stock valued at $2,383,000 after buying an additional 6,499 shares in the last quarter. Diversified Trust Co grew its position in Zebra Technologies by 87.6% in the first 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 raised its stake in Zebra Technologies by 13.3% during the first quarter. KPP Advisory Services LLC now owns 1,487 shares of the industrial products company's stock worth $420,000 after acquiring an additional 174 shares in the last quarter. Finally, Lecap Asset Management Ltd. lifted its holdings in shares of Zebra Technologies by 12.0% in the first quarter. Lecap Asset Management Ltd. now owns 6,017 shares of the industrial products company's stock worth $1,700,000 after acquiring an additional 646 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock traded up $4.93 during trading hours on Wednesday, reaching $320.41. The company had a trading volume of 290,391 shares, compared to its average volume of 478,812. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.45 and a quick ratio of 1.02. The firm has a market cap of $16.29 billion, a PE ratio of 30.31 and a beta of 1.75. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. The business has a fifty day simple moving average of $284.00 and a 200 day simple moving average of $313.31.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ZBRA shares. 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 report on Wednesday, April 30th. Morgan Stanley upped their price target on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Citigroup reduced their price objective on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Needham & Company LLC cut their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Robert W. Baird upped their price target on Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.