New York State Common Retirement Fund Purchases 978 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

New York State Common Retirement Fund boosted its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 2.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 34,557 shares of the industrial products company's stock after acquiring an additional 978 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Zebra Technologies worth $9,764,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its holdings in shares of Zebra Technologies by 72.6% during the 4th quarter. HighTower Advisors LLC now owns 10,223 shares of the industrial products company's stock worth $3,948,000 after purchasing an additional 4,300 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Zebra Technologies by 6.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 2,092 shares of the industrial products company's stock valued at $808,000 after acquiring an additional 135 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Zebra Technologies by 1.9% in the fourth quarter. Natixis Advisors LLC now owns 23,656 shares of the industrial products company's stock valued at $9,136,000 after acquiring an additional 430 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after buying an additional 36 shares during the last quarter. Finally, Cibc World Markets Corp increased its holdings in Zebra Technologies by 16.7% in the fourth quarter. Cibc World Markets Corp now owns 8,117 shares of the industrial products company's stock valued at $3,135,000 after buying an additional 1,162 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Analysts Set New Price Targets

ZBRA has been the topic of several analyst reports. UBS Group decreased their price objective on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Truist Financial cut their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. BNP Paribas Exane raised Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target for the company in a research note on Thursday, July 10th. 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, Morgan Stanley lifted their price target on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $350.82.

Zebra Technologies Trading Up 0.6%

Shares of Zebra Technologies stock traded up $1.83 on Friday, hitting $331.73. 426,631 shares of the company's stock traded hands, compared to its average volume of 484,123. 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 Corporation has a one year low of $205.73 and a one year high of $427.76. The firm's 50-day moving average price is $302.80 and its two-hundred day moving average price is $307.77. The stock has a market capitalization of $16.87 billion, a PE ratio of 31.38 and a beta of 1.75.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the prior year, the company earned $2.84 EPS. The company's revenue was up 11.3% on a year-over-year basis. On average, research analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

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.