Teacher Retirement System of Texas Boosts Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

Teacher Retirement System of Texas lifted its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 69.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,363 shares of the industrial products company's stock after buying an additional 50,771 shares during the period. Teacher Retirement System of Texas owned about 0.24% of Zebra Technologies worth $35,140,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ZBRA. Vanguard Group Inc. lifted its holdings in shares of Zebra Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock worth $2,417,942,000 after acquiring an additional 55,130 shares during the last quarter. Invesco Ltd. lifted its stake in Zebra Technologies by 1.5% in the fourth quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock worth $549,586,000 after purchasing an additional 20,992 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Zebra Technologies by 7.2% during the fourth 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 buying an additional 86,766 shares during the period. Geode Capital Management LLC boosted its position in Zebra Technologies by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock valued at $491,935,000 after buying an additional 30,496 shares during the period. Finally, Schroder Investment Management Group grew its stake 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 buying an additional 379,491 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Trading Up 1.1%

Shares of ZBRA traded up $3.50 during trading hours on Friday, reaching $323.89. 257,488 shares of the company traded hands, compared to its average volume of 480,509. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The company's fifty day moving average price is $287.31 and its two-hundred day moving average price is $312.79. The company has a market capitalization of $16.47 billion, a price-to-earnings ratio of 30.64 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its 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 18.77% and a net margin of 10.73%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the company earned $2.84 EPS. The business's revenue was up 11.3% compared to the same quarter last year. Equities research analysts predict that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ZBRA shares. Morgan Stanley increased their target price on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Robert W. Baird raised their target price on shares of Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Truist Financial decreased their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC lowered their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $331.20.

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.