Three Peaks Capital Management LLC Sells 4,966 Shares of Zebra Technologies (NASDAQ:ZBRA)

Three Peaks Capital Management LLC lessened its stake in shares of Zebra Technologies (NASDAQ:ZBRA) by 30.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,291 shares of the industrial products company’s stock after selling 4,966 shares during the period. Three Peaks Capital Management LLC’s holdings in Zebra Technologies were worth $1,798,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in shares of Zebra Technologies by 65.0% in the 3rd quarter. Wells Fargo & Company MN now owns 1,526,432 shares of the industrial products company’s stock worth $269,919,000 after buying an additional 601,225 shares during the last quarter. FMR LLC lifted its position in Zebra Technologies by 208.6% during the third quarter. FMR LLC now owns 698,886 shares of the industrial products company’s stock valued at $123,585,000 after purchasing an additional 472,441 shares in the last quarter. Congress Asset Management Co. MA purchased a new position in Zebra Technologies during the fourth quarter valued at $74,283,000. Scout Investments Inc. purchased a new position in Zebra Technologies during the fourth quarter valued at $51,773,000. Finally, Vanguard Group Inc lifted its position in Zebra Technologies by 5.1% during the 3rd quarter. Vanguard Group Inc now owns 5,404,969 shares of the industrial products company’s stock worth $955,760,000 after buying an additional 263,478 shares in the last quarter. 93.49% of the stock is owned by institutional investors.

ZBRA opened at $183.97 on Thursday. Zebra Technologies has a 1-year low of $116.00 and a 1-year high of $184.75. The company has a current ratio of 1.09, a quick ratio of 0.64 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $9.49 billion, a P/E ratio of 28.75 and a beta of 1.52.

ZBRA has been the subject of several recent research reports. BidaskClub cut Zebra Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 31st. ValuEngine cut Zebra Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Zacks Investment Research cut Zebra Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 12th. Robert W. Baird upped their price target on Zebra Technologies from $175.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, November 12th. Finally, Needham & Company LLC upped their price target on Zebra Technologies to $192.00 and gave the company a “buy” rating in a research note on Wednesday, November 7th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Zebra Technologies presently has a consensus rating of “Buy” and an average price target of $180.22.

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Zebra Technologies Company Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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