New York State Common Retirement Fund Boosts Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

New York State Common Retirement Fund grew its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,659 shares of the industrial products company's stock after purchasing an additional 3,702 shares during the period. New York State Common Retirement Fund owned approximately 0.16% of Zebra Technologies worth $21,773,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ZBRA. Czech National Bank raised its stake in Zebra Technologies by 47.3% in the 3rd quarter. Czech National Bank now owns 8,972 shares of the industrial products company's stock worth $2,122,000 after acquiring an additional 2,883 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Zebra Technologies by 5.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 22,011 shares of the industrial products company's stock worth $5,206,000 after acquiring an additional 1,152 shares during the last quarter. Handelsbanken Fonder AB raised its stake in Zebra Technologies by 2.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 50,648 shares of the industrial products company's stock worth $11,980,000 after acquiring an additional 1,212 shares during the last quarter. Linden Thomas Advisory Services LLC raised its stake in Zebra Technologies by 33.3% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 9,784 shares of the industrial products company's stock worth $2,314,000 after acquiring an additional 2,446 shares during the last quarter. Finally, Schmidt P J Investment Management Inc. raised its stake in Zebra Technologies by 46.3% in the 3rd quarter. Schmidt P J Investment Management Inc. now owns 1,821 shares of the industrial products company's stock worth $431,000 after acquiring an additional 576 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ZBRA. Barclays began coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They set an "equal weight" rating and a $292.00 price target on the stock. Wolfe Research raised Zebra Technologies from a "peer perform" rating to an "outperform" rating and set a $337.00 price target on the stock in a research report on Monday, April 8th. Truist Financial began coverage on Zebra Technologies in a research report on Thursday, March 14th. They set a "hold" rating and a $300.00 price target on the stock. Finally, StockNews.com downgraded Zebra Technologies from a "hold" rating to a "sell" rating in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Zebra Technologies presently has an average rating of "Hold" and a consensus price target of $278.64.

Zebra Technologies Price Performance

ZBRA traded up $4.68 during trading on Friday, reaching $297.21. The company's stock had a trading volume of 461,539 shares, compared to its average volume of 307,923. The company has a market cap of $15.27 billion, a price-to-earnings ratio of 52.05 and a beta of 1.79. The company has a quick ratio of 0.54, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The firm has a fifty day simple moving average of $286.38 and a two-hundred day simple moving average of $255.33. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $320.55.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.62 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The business's revenue for the quarter was down 32.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.43 EPS. As a group, analysts anticipate that Zebra Technologies Co. will post 9.76 EPS for the current year.

Insider Activity at Zebra Technologies

In related news, CAO Colleen M. O'sullivan sold 135 shares of Zebra Technologies stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares in the company, valued at approximately $1,548,492.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.06% of the stock is owned by insiders.

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.