Optas LLC Buys 1,570 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

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

A number of other institutional investors also recently bought and sold shares of ZBRA. Vanguard Group Inc. boosted its stake in Zebra Technologies by 0.9% during the fourth 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 in the last quarter. Invesco Ltd. boosted its position in shares of Zebra Technologies by 1.5% in 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 grew its stake in shares of Zebra Technologies by 7.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock worth $500,701,000 after buying an additional 86,766 shares during the last quarter. Geode Capital Management LLC increased its position in Zebra Technologies by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock valued at $491,935,000 after buying an additional 30,496 shares in the last quarter. Finally, Schroder Investment Management Group increased its position 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 valued at $379,930,000 after buying an additional 379,491 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ZBRA shares. Robert W. Baird increased their target price on Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Wall Street Zen cut shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Citigroup cut 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 report on Monday, April 14th. Truist Financial decreased their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Finally, Barclays dropped their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Five equities 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $331.20.

Zebra Technologies Stock Performance

Shares of ZBRA stock traded up $2.37 during trading hours on Wednesday, reaching $291.73. The company had a trading volume of 566,787 shares, compared to its average volume of 472,256. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. The business has a fifty day moving average price of $269.26 and a 200-day moving average price of $320.63. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. The firm has a market cap of $14.83 billion, a PE ratio of 27.60 and a beta of 1.75.

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