Teacher Retirement System of Texas Purchases 50,771 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

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

A number of other hedge funds also recently made changes to their positions in the stock. WCM Investment Management LLC lifted its holdings in shares of Zebra Technologies by 3.9% during the 1st quarter. WCM Investment Management LLC now owns 9,409 shares of the industrial products company's stock worth $2,642,000 after acquiring an additional 353 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Zebra Technologies by 27.9% during the 1st quarter. DAVENPORT & Co LLC now owns 9,051 shares of the industrial products company's stock worth $2,543,000 after acquiring an additional 1,973 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Zebra Technologies by 12.8% during the 1st quarter. Vontobel Holding Ltd. now owns 133,733 shares of the industrial products company's stock worth $37,788,000 after acquiring an additional 15,216 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Zebra Technologies by 10.1% during the 1st quarter. Mather Group LLC. now owns 1,530 shares of the industrial products company's stock worth $432,000 after acquiring an additional 140 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of Zebra Technologies by 0.3% during the 1st quarter. New York State Teachers Retirement System now owns 41,405 shares of the industrial products company's stock worth $11,699,000 after acquiring an additional 133 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ZBRA shares. Robert W. Baird lifted their price objective 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. Barclays lowered their price target on shares of 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. Citigroup lowered their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Truist Financial lowered their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Finally, 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 research note on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Zebra Technologies presently has an average rating of "Moderate Buy" and an average target price of $331.20.

Zebra Technologies Trading Down 2.0%

Shares of NASDAQ:ZBRA traded down $6.61 during midday trading on Monday, hitting $317.11. 420,361 shares of the stock traded hands, compared to its average volume of 481,208. The stock has a market capitalization of $16.13 billion, a PE ratio of 30.00 and a beta of 1.75. The business's 50 day moving average is $290.34 and its two-hundred day moving average is $310.76. 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 one year low of $205.73 and a one year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating the consensus estimate of $3.60 by $0.42. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.84 earnings per share. As a group, research analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current 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.