Squarepoint Ops LLC Decreases Stock Position in Zebra Technologies Corporation $ZBRA

Key Points

• Squarepoint Ops LLC reduced its Zebra Technologies stake by 58.3% in the second quarter, selling 3,164 shares and retaining 2,266 shares valued at approximately $597,000.
• Institutional investors own 91.03% of Zebra Technologies, while company insiders recently sold shares, including Michael Cho’s $1.31 million sale and Linda Connly’s $188,840 sale.
• Zebra reported quarterly earnings of $6.35 per share, well above the $4.36 consensus estimate, with revenue rising 20.4% year over year to $1.56 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $383.08.

Squarepoint Ops LLC cut its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 58.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,266 shares of the industrial products company's stock after selling 3,164 shares during the quarter. Squarepoint Ops LLC's holdings in Zebra Technologies were worth $597,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Zebra Technologies in the 4th quarter worth about $134,505,000. Focus Partners Wealth grew its holdings in Zebra Technologies by 2,635.4% during the 4th quarter. Focus Partners Wealth now owns 543,473 shares of the industrial products company's stock valued at $132,575,000 after purchasing an additional 523,605 shares during the last quarter. Swedbank AB raised its position in Zebra Technologies by 958.0% in the 1st quarter. Swedbank AB now owns 417,898 shares of the industrial products company's stock worth $87,374,000 after purchasing an additional 378,400 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Zebra Technologies by 111.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 500,628 shares of the industrial products company's stock worth $104,671,000 after purchasing an additional 264,015 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Zebra Technologies by 415.3% in the first quarter. Renaissance Technologies LLC now owns 288,311 shares of the industrial products company's stock worth $60,280,000 after purchasing an additional 232,360 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Michael Cho sold 3,500 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $375.20, for a total transaction of $1,313,200.00. Following the transaction, the insider directly owned 5,170 shares in the company, valued at approximately $1,939,784. This trade represents a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda Connly sold 500 shares of Zebra Technologies stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $377.68, for a total transaction of $188,840.00. Following the transaction, the director directly owned 3,708 shares in the company, valued at approximately $1,400,437.44. The trade was a 11.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.91% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on ZBRA shares. Weiss Ratings upgraded Zebra Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, July 17th. TD Cowen increased their price target on Zebra Technologies from $400.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Needham & Company LLC boosted their price objective on Zebra Technologies from $410.00 to $435.00 and gave the company a "buy" rating in a report on Tuesday, September 15th. Wall Street Zen upgraded Zebra Technologies from a "hold" rating to a "buy" rating in a report on Sunday, June 28th. Finally, UBS Group reaffirmed a "buy" rating on shares of Zebra Technologies in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Zebra Technologies has a consensus rating of "Moderate Buy" and an average price target of $383.08.

Zebra Technologies Price Performance

ZBRA opened at $346.63 on Friday. The company has a market capitalization of $16.51 billion, a price-to-earnings ratio of 31.71 and a beta of 1.60. The company has a current ratio of 0.52, a quick ratio of 0.33 and a debt-to-equity ratio of 0.14. Zebra Technologies Corporation has a 12-month low of $199.05 and a 12-month high of $386.23. The business's fifty day simple moving average is $331.53 and its 200-day simple moving average is $267.08.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $6.35 earnings per share for the quarter, beating the consensus estimate of $4.36 by $1.99. Zebra Technologies had a return on equity of 22.29% and a net margin of 9.22%.The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the company posted $3.61 earnings per share. The firm's quarterly revenue was up 20.4% on a year-over-year basis. Zebra Technologies has set its Q3 2026 guidance at 4.700-4.900 EPS and its FY 2026 guidance at 20.750-21.250 EPS. On average, equities research analysts anticipate that Zebra Technologies Corporation will post 17.22 earnings per share for the current fiscal year.

Zebra Technologies Company Profile

Zebra Technologies Corporation NASDAQ: ZBRA provides enterprise asset intelligence solutions that help organizations identify, track and manage physical assets, inventory and workflows. Its technologies are used to capture data at the point of activity and connect that information with business systems.

The company offers barcode and label printers, mobile computers, handheld and fixed industrial scanners, RFID readers and printers, machine vision and imaging systems, location solutions, and related software and services.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.