Sumitomo Mitsui Trust Group Inc. Has $121.55 Million Stock Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 1.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 430,173 shares of the industrial products company's stock after selling 7,443 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.84% of Zebra Technologies worth $121,550,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ZBRA. New York Life Investment Management LLC increased its holdings in Zebra Technologies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock worth $2,976,000 after purchasing an additional 30 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in Zebra Technologies in the 4th quarter worth about $778,000. Parkside Financial Bank & Trust increased its holdings in Zebra Technologies by 33.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 273 shares of the industrial products company's stock worth $105,000 after purchasing an additional 69 shares in the last quarter. Metis Global Partners LLC increased its holdings in Zebra Technologies by 3.6% in the 4th quarter. Metis Global Partners LLC now owns 1,708 shares of the industrial products company's stock worth $660,000 after purchasing an additional 59 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Zebra Technologies by 18.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 312 shares of the industrial products company's stock worth $120,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ZBRA shares. UBS Group lowered their target price on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Truist Financial lowered their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Robert W. Baird increased 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. Needham & Company LLC decreased their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Finally, Barclays decreased their price target on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $331.20.

Zebra Technologies Trading Up 0.3%

NASDAQ ZBRA opened at $309.26 on Monday. The business has a 50 day simple moving average of $280.51 and a 200 day simple moving average of $313.97. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $446.38. The stock has a market capitalization of $15.73 billion, a P/E ratio of 29.26 and a beta of 1.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.45 and a quick ratio of 1.02.

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

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