Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC reduced its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 4.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,786 shares of the industrial products company’s stock after selling 5,660 shares during the period. Brandywine Global Investment Management LLC owned about 0.26% of Zebra Technologies worth $42,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norinchukin Bank The raised its position in Zebra Technologies by 3.1% during the first quarter. Norinchukin Bank The now owns 3,279 shares of the industrial products company’s stock worth $1,043,000 after acquiring an additional 98 shares during the last quarter. Clearbridge Investments LLC acquired a new position in shares of Zebra Technologies during the 1st quarter worth approximately $37,146,000. UBS Group AG lifted its stake in Zebra Technologies by 9.1% in the 1st quarter. UBS Group AG now owns 99,644 shares of the industrial products company’s stock valued at $31,687,000 after buying an additional 8,340 shares in the last quarter. Prudential PLC lifted its stake in Zebra Technologies by 55.4% in the 1st quarter. Prudential PLC now owns 4,798 shares of the industrial products company’s stock valued at $1,526,000 after buying an additional 1,710 shares in the last quarter. Finally, Sei Investments Co. increased its position in Zebra Technologies by 132.2% during the first quarter. Sei Investments Co. now owns 46,839 shares of the industrial products company’s stock worth $14,895,000 after buying an additional 26,667 shares in the last quarter. 85.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zebra Technologies

In related news, insider Anders Gustafsson purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of $238.89 per share, for a total transaction of $238,890.00. Following the completion of the purchase, the insider now owns 195,609 shares in the company, valued at $46,729,034.01. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders acquired 3,000 shares of company stock valued at $742,880. Insiders own 1.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ZBRA shares. Credit Suisse Group reduced their price objective on Zebra Technologies from $295.00 to $275.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 2nd. Morgan Stanley lowered their price target on shares of Zebra Technologies from $295.00 to $260.00 and set an “equal weight” rating for the company in a report on Wednesday, August 2nd. TD Cowen reduced their price objective on shares of Zebra Technologies from $350.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, August 3rd. Needham & Company LLC restated a “buy” rating and set a $285.00 target price on shares of Zebra Technologies in a research report on Wednesday, August 2nd. Finally, StockNews.com initiated coverage on Zebra Technologies in a report on Thursday, August 17th. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $316.86.

Zebra Technologies Trading Up 0.3 %

Zebra Technologies stock traded up $0.94 during trading on Friday, reaching $275.95. The company had a trading volume of 311,875 shares, compared to its average volume of 379,528. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.50 and a current ratio of 0.99. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of 22.06 and a beta of 1.68. Zebra Technologies Co. has a 12-month low of $224.87 and a 12-month high of $351.74. The stock’s 50 day moving average price is $282.96 and its two-hundred day moving average price is $286.17.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.33. Zebra Technologies had a net margin of 11.82% and a return on equity of 27.44%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the company earned $4.22 EPS. The business’s quarterly revenue was down 17.3% compared to the same quarter last year. As a group, equities analysts expect that Zebra Technologies Co. will post 10.14 earnings per share 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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.