Optas LLC Grows Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Optas LLC lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 89.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,326 shares of the industrial products company's stock after purchasing an additional 1,570 shares during the period. Optas LLC's holdings in Zebra Technologies were worth $940,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Zebra Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock worth $2,417,942,000 after acquiring an additional 55,130 shares during the period. Invesco Ltd. grew its holdings in shares of Zebra Technologies by 1.5% during the 4th quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock worth $549,586,000 after purchasing an additional 20,992 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Zebra Technologies by 7.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock valued at $500,701,000 after purchasing an additional 86,766 shares in the last quarter. Geode Capital Management LLC raised its stake in Zebra Technologies by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock valued at $491,935,000 after purchasing an additional 30,496 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in Zebra Technologies by 62.8% during the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after purchasing an additional 379,491 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded down $9.07 during trading on Friday, reaching $283.61. 309,667 shares of the stock traded hands, compared to its average volume of 471,172. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The stock has a market capitalization of $14.42 billion, a P/E ratio of 27.86 and a beta of 1.75. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76. The company has a 50-day moving average of $266.75 and a 200-day moving average of $322.23.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the firm posted $2.84 EPS. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Needham & Company LLC decreased 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 note on Wednesday, April 30th. Robert W. Baird raised their target price on Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Wall Street Zen lowered Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. UBS Group dropped their price objective on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Truist Financial reduced their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Five investment 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $331.20.

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.