Zebra Technologies Corporation (NASDAQ:ZBRA) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 6.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,315 shares of the industrial products company's stock after acquiring an additional 1,716 shares during the period. DekaBank Deutsche Girozentrale owned about 0.06% of Zebra Technologies worth $7,846,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its stake 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 valued at $2,417,942,000 after acquiring an additional 55,130 shares during the period. Invesco Ltd. raised its stake in shares of Zebra Technologies by 1.5% in the 4th quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock valued at $549,586,000 after acquiring an additional 20,992 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Zebra Technologies by 7.2% in the 4th 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 acquiring an additional 86,766 shares during the period. Geode Capital Management LLC raised its stake in shares of Zebra Technologies by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock valued at $491,935,000 after acquiring an additional 30,496 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of 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 valued at $379,930,000 after acquiring an additional 379,491 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of research reports. UBS Group cut their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Needham & Company LLC dropped their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Citigroup dropped their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target on the stock in a research note on Thursday. Finally, Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Five investment 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 company. According to MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $338.18.

Zebra Technologies Price Performance

ZBRA opened at $327.14 on Friday. The company has a 50-day moving average of $296.15 and a 200-day moving average of $310.03. The company has a market capitalization of $16.64 billion, a P/E ratio of 30.95 and a beta of 1.75. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45.

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 for the quarter, topping the consensus estimate of $3.60 by $0.42. The company 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 revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.84 EPS. Equities analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal 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.

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