Zebra Technologies Corporation (NASDAQ:ZBRA) Stock Holdings Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 27.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,183,710 shares of the industrial products company's stock after acquiring an additional 255,193 shares during the quarter. Victory Capital Management Inc. owned about 2.30% of Zebra Technologies worth $334,469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZBRA. Norges Bank purchased a new position in Zebra Technologies in the 4th quarter worth approximately $201,420,000. FMR LLC boosted its holdings in Zebra Technologies by 181.1% in the 4th 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 during the period. Schroder Investment Management Group boosted its holdings in 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 worth $379,930,000 after acquiring an additional 379,491 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in 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 worth $153,188,000 after acquiring an additional 322,475 shares during the period. Finally, Kovitz Investment Group Partners LLC purchased a new position in Zebra Technologies in the 4th quarter worth approximately $107,254,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on ZBRA. Wall Street Zen cut Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. 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 research note on Wednesday, May 28th. Citigroup reiterated a "neutral" rating and set a $342.00 target price (up from $280.00) on shares of Zebra Technologies in a research note on Monday. Finally, UBS Group reduced their target price on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $350.82.

Zebra Technologies Stock Performance

ZBRA traded down $0.08 during trading hours on Wednesday, hitting $319.47. 297,885 shares of the stock were exchanged, compared to its average volume of 483,042. The stock has a 50-day simple moving average of $298.96 and a 200-day simple moving average of $308.44. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The stock has a market cap of $16.25 billion, a price-to-earnings ratio of 30.22 and a beta of 1.75. 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 (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.29 billion. During the same period last year, the business posted $2.84 earnings per share. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. Analysts anticipate that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

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.