Zebra Technologies Corporation $ZBRA Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. increased its stake in Zebra Technologies by 63.7% during the 2nd quarter, owning approximately 0.11% of the company valued at $17.5 million.
• Zebra Technologies reported earnings of $3.61 per share for the last quarter, surpassing analysts' expectations of $3.31 per share, with a revenue of $1.29 billion.
• The company authorized a $250 million share buyback program, indicating that the board believes the stock is undervalued.

Assenagon Asset Management S.A. boosted its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 63.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,816 shares of the industrial products company's stock after purchasing an additional 22,105 shares during the period. Assenagon Asset Management S.A. owned approximately 0.11% of Zebra Technologies worth $17,520,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brown Advisory Inc. increased its holdings in Zebra Technologies by 8.7% in the 1st quarter. Brown Advisory Inc. now owns 1,751 shares of the industrial products company's stock valued at $495,000 after purchasing an additional 140 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Zebra Technologies by 33.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock valued at $2,236,000 after buying an additional 1,964 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Zebra Technologies by 1.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock valued at $981,000 after buying an additional 66 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in Zebra Technologies by 6.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock valued at $6,024,000 after buying an additional 1,267 shares during the last quarter. Finally, Private Client Services LLC purchased a new position in Zebra Technologies in the 2nd quarter valued at about $1,054,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $315.41 on Tuesday. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. The firm has a market capitalization of $16.04 billion, a PE ratio of 29.78 and a beta of 1.79. The company's 50 day simple moving average is $320.83 and its 200 day simple moving average is $293.05.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, topping analysts' consensus estimates of $3.31 by $0.30. The firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $3.18 earnings per share. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. As a group, equities research analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies announced that its Board of Directors has authorized a share buyback program on Tuesday, August 5th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the industrial products company to purchase up to 1.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Truist Financial upped their price objective on shares of Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. Needham & Company LLC increased their price target on shares of Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Morgan Stanley increased their price target on shares of Zebra Technologies from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Citigroup reaffirmed a "neutral" rating and set a $342.00 price target (up previously from $280.00) on shares of Zebra Technologies in a research report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Zebra Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $357.44.

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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