Zebra Technologies (NASDAQ:ZBRA) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its stake in Zebra Technologies (NASDAQ:ZBRA) by 90.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,974 shares of the industrial products company’s stock after selling 619,879 shares during the quarter. Deutsche Bank AG owned approximately 0.13% of Zebra Technologies worth $10,822,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Martingale Asset Management L P acquired a new position in Zebra Technologies during the 3rd quarter valued at about $4,071,000. JPMorgan Chase & Co. lifted its stake in shares of Zebra Technologies by 17.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 119,249 shares of the industrial products company’s stock worth $21,086,000 after acquiring an additional 17,432 shares during the period. LPL Financial LLC lifted its stake in shares of Zebra Technologies by 23.3% in the 3rd quarter. LPL Financial LLC now owns 3,533 shares of the industrial products company’s stock worth $625,000 after acquiring an additional 668 shares during the period. Paloma Partners Management Co lifted its stake in shares of Zebra Technologies by 182.9% in the 3rd quarter. Paloma Partners Management Co now owns 6,660 shares of the industrial products company’s stock worth $1,177,000 after acquiring an additional 4,306 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Zebra Technologies by 4.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 88,957 shares of the industrial products company’s stock worth $15,730,000 after acquiring an additional 3,992 shares during the period. Institutional investors and hedge funds own 88.40% of the company’s stock.

A number of analysts have recently weighed in on ZBRA shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target (up from $215.00) on shares of Zebra Technologies in a research note on Thursday, March 7th. Berenberg Bank started coverage on shares of Zebra Technologies in a report on Thursday, March 7th. They set a “buy” rating and a $250.00 price target on the stock. ValuEngine raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. BidaskClub downgraded shares of Zebra Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 31st. Finally, Wellington Shields downgraded shares of Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a research report on Monday, January 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Zebra Technologies presently has an average rating of “Buy” and an average target price of $215.63.

In related news, SVP Bill Burns sold 4,392 shares of the company’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $205.35, for a total transaction of $901,897.20. Following the completion of the transaction, the senior vice president now directly owns 34,300 shares in the company, valued at approximately $7,043,505. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Anders Gustafsson sold 28,027 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $205.77, for a total transaction of $5,767,115.79. Following the transaction, the chief executive officer now owns 359,830 shares of the company’s stock, valued at $74,042,219.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 114,894 shares of company stock valued at $23,721,363. 1.77% of the stock is owned by insiders.

Shares of NASDAQ ZBRA traded down $4.51 during trading hours on Thursday, hitting $195.54. 710,300 shares of the stock were exchanged, compared to its average volume of 493,393. The company has a current ratio of 1.00, a quick ratio of 0.55 and a debt-to-equity ratio of 1.09. The company has a market cap of $10.78 billion, a P/E ratio of 19.11 and a beta of 1.42. Zebra Technologies has a one year low of $136.16 and a one year high of $237.15.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.88 by $0.04. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Zebra Technologies had a net margin of 9.91% and a return on equity of 45.47%. Zebra Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.56 EPS. Equities research analysts forecast that Zebra Technologies will post 11.78 EPS for the current fiscal year.

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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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