Panagora Asset Management Inc. Has $26.82 Million Holdings in Zebra Technologies Corporation $ZBRA

Key Points

• Panagora Asset Management Inc. significantly increased its stake in Zebra Technologies by 9,654.6% in the first quarter, bringing its holdings to 94,912 shares valued at approximately $26.82 million.
• Zebra Technologies reported a quarterly EPS of $3.61, surpassing analyst estimates by $0.30, alongside a revenue of $1.29 billion, which matched expectations.
• The company has authorized a stock buyback program of $250 million, indicating management's belief that the stock is undervalued.

Panagora Asset Management Inc. raised its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 9,654.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,912 shares of the industrial products company's stock after buying an additional 93,939 shares during the quarter. Panagora Asset Management Inc. owned 0.18% of Zebra Technologies worth $26,818,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ZBRA. Palogic Value Management L.P. raised its position in Zebra Technologies by 7.7% in the 1st quarter. Palogic Value Management L.P. now owns 994 shares of the industrial products company's stock valued at $281,000 after buying an additional 71 shares during the last quarter. Vident Advisory LLC grew its stake in Zebra Technologies by 195.3% in the 1st quarter. Vident Advisory LLC now owns 3,104 shares of the industrial products company's stock valued at $877,000 after purchasing an additional 2,053 shares during the period. The Manufacturers Life Insurance Company grew its stake in Zebra Technologies by 27.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 249,135 shares of the industrial products company's stock valued at $70,396,000 after purchasing an additional 54,350 shares during the period. Magnetar Financial LLC grew its stake in Zebra Technologies by 98.6% in the 1st quarter. Magnetar Financial LLC now owns 33,975 shares of the industrial products company's stock valued at $9,600,000 after purchasing an additional 16,866 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in Zebra Technologies by 54.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 48,173 shares of the industrial products company's stock valued at $13,612,000 after purchasing an additional 17,049 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock opened at $317.09 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. The business's 50 day simple moving average is $321.24 and its two-hundred day simple moving average is $292.96. The stock has a market capitalization of $16.12 billion, a P/E ratio of 29.94 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.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, topping analysts' consensus estimates of $3.31 by $0.30. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The business's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.18 EPS. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. Analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies announced that its board has approved a stock buyback program on Tuesday, August 5th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase up to 1.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ZBRA shares. Robert W. Baird increased their price target on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Citigroup reiterated a "neutral" rating and set a $342.00 price target (up previously from $280.00) on shares of Zebra Technologies in a research report on Monday, July 14th. Needham & Company LLC lifted their price target on Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Barclays set a $301.00 price target on Zebra Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $357.44.

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.

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