Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC grew its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 158.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,383 shares of the industrial products company's stock after purchasing an additional 27,798 shares during the quarter. Gotham Asset Management LLC owned approximately 0.09% of Zebra Technologies worth $17,528,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in Zebra Technologies during the fourth quarter worth approximately $201,420,000. FMR LLC boosted its position in Zebra Technologies by 181.1% during the fourth 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 last quarter. Schroder Investment Management Group boosted its position in Zebra Technologies by 62.8% during the fourth 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 last quarter. Raymond James Financial Inc. acquired a new stake in Zebra Technologies during the fourth quarter worth approximately $140,039,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Zebra Technologies by 434.8% during the fourth 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 last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Anders Gustafsson purchased 500 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This represents a 0.25% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.84% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ZBRA. Truist Financial decreased 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 report on Tuesday, April 8th. Citigroup decreased their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. UBS Group decreased their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Needham & Company LLC decreased their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Morgan Stanley decreased their price target on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $321.73.

Zebra Technologies Trading Up 0.4%

Shares of ZBRA stock traded up $1.22 during mid-day trading on Friday, reaching $299.57. The company's stock had a trading volume of 169,497 shares, compared to its average volume of 456,196. The company's 50 day simple moving average is $258.84 and its 200-day simple moving average is $337.18. Zebra Technologies Co. has a 12-month low of $205.73 and a 12-month high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $15.23 billion, a PE ratio of 29.44 and a beta of 1.74.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm posted $2.84 EPS. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, research analysts predict that Zebra Technologies Co. 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.