Zebra Technologies Corporation (NASDAQ:ZBRA) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 54.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,906 shares of the industrial products company's stock after selling 69,047 shares during the quarter. Principal Financial Group Inc. owned about 0.11% of Zebra Technologies worth $16,644,000 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. Vanguard Group Inc. raised its stake in Zebra Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock worth $2,417,942,000 after purchasing 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. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZBRA has been the topic of a number of research analyst reports. Robert W. Baird boosted their price target on shares of Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. BNP Paribas raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Morgan Stanley upped their target price on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 28th. 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 research note on Tuesday, April 8th. Finally, Barclays cut their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Zebra Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $338.18.

Zebra Technologies Trading Down 1.0%

Shares of Zebra Technologies stock opened at $327.14 on Friday. The company has a fifty day simple moving average of $296.15 and a 200-day simple moving average of $310.03. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-month high of $427.76. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. The stock has a market cap of $16.64 billion, a price-to-earnings ratio of 30.95 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.42. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.84 EPS. On average, equities analysts forecast 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.

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