Globeflex Capital L P acquired a new stake in shares of Zebra Technologies (NASDAQ:ZBRA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,324 shares of the industrial products company’s stock, valued at approximately $211,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ZBRA. Municipal Employees Retirement System of Michigan purchased a new stake in Zebra Technologies in the fourth quarter worth $2,054,000. Gotham Asset Management LLC grew its stake in Zebra Technologies by 137.8% in the fourth quarter. Gotham Asset Management LLC now owns 64,538 shares of the industrial products company’s stock worth $10,276,000 after purchasing an additional 37,398 shares during the period. Metropolitan Life Insurance Co. NY grew its stake in Zebra Technologies by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,142 shares of the industrial products company’s stock worth $2,889,000 after purchasing an additional 54 shares during the period. Impax Asset Management Group plc purchased a new stake in Zebra Technologies in the fourth quarter worth $1,752,000. Finally, MML Investors Services LLC purchased a new stake in Zebra Technologies in the fourth quarter worth $608,000. 87.51% of the stock is owned by institutional investors.
In other Zebra Technologies news, CFO Olivier Leonetti sold 3,303 shares of Zebra Technologies stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $199.24, for a total transaction of $658,089.72. Following the completion of the sale, the chief financial officer now owns 24,425 shares of the company’s stock, valued at approximately $4,866,437. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Bill Burns sold 4,392 shares of Zebra Technologies stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $205.35, for a total value of $901,897.20. Following the sale, the senior vice president now directly owns 34,300 shares of the company’s stock, valued at approximately $7,043,505. The disclosure for this sale can be found here. Insiders have sold a total of 114,894 shares of company stock worth $23,721,363 over the last 90 days. 2.30% of the stock is currently owned by company insiders.
Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 14th. The industrial products company reported $3.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.84 by $0.26. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.12 billion. Zebra Technologies had a return on equity of 48.26% and a net margin of 9.98%. Zebra Technologies’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $2.33 EPS. As a group, sell-side analysts forecast that Zebra Technologies will post 11.73 EPS for the current year.
ZBRA has been the subject of a number of research reports. Imperial Capital reiterated an “outperform” rating and set a $225.00 price objective (up previously from $195.00) on shares of Zebra Technologies in a research report on Thursday, February 21st. BidaskClub cut Zebra Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 31st. Wellington Shields cut Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a research report on Monday, January 28th. Needham & Company LLC restated a “buy” rating and issued a $225.00 price target (up previously from $215.00) on shares of Zebra Technologies in a research report on Thursday, March 7th. Finally, Zacks Investment Research upgraded Zebra Technologies from a “hold” rating to a “strong-buy” rating and set a $230.00 target price for the company in a research report on Saturday, February 23rd. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $215.00.
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.
See Also: Discover Your Risk Tolerance
Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.