IFM Investors Pty Ltd Has $3.17 Million Stock Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

IFM Investors Pty Ltd raised its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 11.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,219 shares of the industrial products company's stock after buying an additional 1,176 shares during the period. IFM Investors Pty Ltd's holdings in Zebra Technologies were worth $3,170,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZBRA. Norges Bank bought a new position in Zebra Technologies during the 4th quarter worth $201,420,000. FMR LLC increased its stake in Zebra Technologies by 181.1% during 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 during the period. Schroder Investment Management Group increased its stake in Zebra Technologies by 62.8% during the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after acquiring an additional 379,491 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Zebra Technologies by 434.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock worth $153,188,000 after acquiring an additional 322,475 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new position in Zebra Technologies during the 4th quarter worth $107,254,000. Institutional investors own 91.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ZBRA shares. Wall Street Zen lowered Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. UBS Group decreased their price target on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Robert W. Baird lifted their price target on Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Citigroup decreased their price target on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $338.18.

Zebra Technologies Trading Down 1.0%

Shares of NASDAQ ZBRA traded down $3.21 during trading on Friday, reaching $327.14. The company had a trading volume of 417,524 shares, compared to its average volume of 483,058. The company's fifty day moving average price is $294.72 and its 200-day moving average price is $310.51. 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 $16.64 billion, a P/E ratio of 30.95 and a beta of 1.75. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58.

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 analysts' consensus estimates 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 quarter in the previous year, the company posted $2.84 EPS. The business's revenue was up 11.3% on a year-over-year basis. As a group, research analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share 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.