Highland Capital Management LLC Invests $1.27 Million in Zebra Technologies Corporation (NASDAQ:ZBRA)

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

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. New York Life Investment Management LLC lifted its stake in shares of Zebra Technologies by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock worth $2,976,000 after buying an additional 30 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Zebra Technologies by 2.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock worth $518,000 after buying an additional 32 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of 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 buying an additional 35 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of 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 buying an additional 36 shares in the last quarter. Finally, GTS Securities LLC lifted its stake in shares of Zebra Technologies by 5.0% in the fourth quarter. GTS Securities LLC now owns 794 shares of the industrial products company's stock worth $307,000 after buying an additional 38 shares in the last quarter. Institutional investors own 91.03% of the company's stock.

Analysts Set New Price Targets

ZBRA has been the topic of several analyst reports. Citigroup dropped their target price 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. Robert W. Baird increased their price objective on shares of Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Needham & Company LLC lowered their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Truist Financial lowered their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. 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 analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $331.20.

Zebra Technologies Stock Up 0.3%

Shares of ZBRA stock opened at $309.26 on Friday. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The stock has a market cap of $15.73 billion, a P/E ratio of 29.26 and a beta of 1.75. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. The company has a 50 day simple moving average of $280.51 and a two-hundred day simple moving average of $314.62.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating 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 business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the prior year, the company earned $2.84 earnings per share. The firm's revenue was up 11.3% on a year-over-year basis. On average, research analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share 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.

Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.