Teza Capital Management LLC Has $4.96 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Teza Capital Management LLC raised its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 170.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,840 shares of the industrial products company's stock after purchasing an additional 8,090 shares during the quarter. Zebra Technologies makes up approximately 0.8% of Teza Capital Management LLC's holdings, making the stock its 16th biggest position. Teza Capital Management LLC's holdings in Zebra Technologies were worth $4,959,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position 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 buying an additional 55,130 shares during the last quarter. Invesco Ltd. boosted its stake 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 acquiring an additional 20,992 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Zebra Technologies by 7.2% during the 4th 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 acquiring an additional 86,766 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 30,496 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Zebra Technologies by 62.8% in 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 acquiring an additional 379,491 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ZBRA shares. Barclays decreased their target price on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Morgan Stanley decreased their price objective on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. UBS Group lowered their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Needham & Company LLC cut their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Citigroup decreased their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Six 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $321.73.

Zebra Technologies Stock Performance

NASDAQ ZBRA traded down $3.72 during midday trading on Friday, hitting $284.65. The company had a trading volume of 122,453 shares, compared to its average volume of 459,028. The firm has a fifty day simple moving average of $260.37 and a two-hundred day simple moving average of $334.15. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The stock has a market cap of $14.48 billion, a price-to-earnings ratio of 27.93 and a beta of 1.74.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business earned $2.84 earnings per share. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. Equities analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

In other news, Director Anders Gustafsson bought 500 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares of the company's stock, valued at $62,876,736. This trade represents a 0.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.84% of the stock is owned by insiders.

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.