Teza Capital Management LLC Acquires 8,090 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Teza Capital Management LLC boosted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 170.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,840 shares of the industrial products company's stock after purchasing an additional 8,090 shares during the period. Zebra Technologies comprises 0.8% of Teza Capital Management LLC's portfolio, making the stock its 16th biggest holding. Teza Capital Management LLC's holdings in Zebra Technologies were worth $4,959,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Zebra Technologies during the 4th quarter worth approximately $201,420,000. FMR LLC raised its stake in Zebra Technologies by 181.1% during the fourth quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock worth $299,585,000 after acquiring an additional 499,736 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Zebra Technologies by 62.8% during the fourth 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 during the period. Raymond James Financial Inc. acquired a new stake in shares of Zebra Technologies in the 4th quarter valued at $140,039,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Zebra Technologies by 434.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock valued at $153,188,000 after purchasing an additional 322,475 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Trading Down 0.3%

NASDAQ ZBRA traded down $0.85 during trading hours on Tuesday, hitting $296.97. The company's stock had a trading volume of 370,231 shares, compared to its average volume of 458,692. Zebra Technologies Co. has a twelve month low of $205.73 and a twelve month high of $427.76. The firm has a market capitalization of $15.10 billion, a P/E ratio of 29.17 and a beta of 1.74. 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 fifty day moving average of $260.12 and a 200 day moving average of $335.08.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $1.29 billion. During the same period last year, the company earned $2.84 EPS. The firm's revenue was up 11.3% on a year-over-year basis. Equities research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Anders Gustafsson bought 500 shares of the business's stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Morgan Stanley cut their target price on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Truist Financial reduced their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Needham & Company LLC dropped their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, UBS Group lowered their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Six 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $321.73.

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.