DekaBank Deutsche Girozentrale Invests $177,000 in Zebra Technologies (ZBRA) Stock

DekaBank Deutsche Girozentrale purchased a new stake in shares of Zebra Technologies (NASDAQ:ZBRA) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,300 shares of the industrial products company’s stock, valued at approximately $177,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Greenleaf Trust lifted its position in Zebra Technologies by 98.0% during the 4th quarter. Greenleaf Trust now owns 1,000 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 495 shares during the period. Amalgamated Bank lifted its position in Zebra Technologies by 5.6% during the 4th quarter. Amalgamated Bank now owns 11,008 shares of the industrial products company’s stock valued at $1,143,000 after acquiring an additional 579 shares during the period. Envestnet Asset Management Inc. raised its holdings in Zebra Technologies by 4.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 14,629 shares of the industrial products company’s stock worth $1,519,000 after buying an additional 632 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in Zebra Technologies by 6.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 10,564 shares of the industrial products company’s stock worth $1,097,000 after buying an additional 655 shares during the last quarter. Finally, Hanseatic Management Services Inc. raised its holdings in Zebra Technologies by 5.8% in the fourth quarter. Hanseatic Management Services Inc. now owns 12,540 shares of the industrial products company’s stock worth $1,302,000 after buying an additional 687 shares during the last quarter. 88.16% of the stock is owned by institutional investors.

In other news, CEO Anders Gustafsson sold 42,557 shares of Zebra Technologies stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $141.26, for a total value of $6,011,601.82. Following the completion of the sale, the chief executive officer now directly owns 311,338 shares in the company, valued at $43,979,605.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael H. Terzich sold 2,896 shares of Zebra Technologies stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $446,418.40. Following the completion of the sale, the senior vice president now owns 34,089 shares of the company’s stock, valued at $5,254,819.35. The disclosure for this sale can be found here. Insiders sold 84,847 shares of company stock valued at $12,319,871 over the last quarter. Company insiders own 2.30% of the company’s stock.



Several brokerages have issued reports on ZBRA. Morgan Stanley lifted their target price on shares of Zebra Technologies from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 9th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $140.00 target price (up from $112.00) on shares of Zebra Technologies in a report on Tuesday, February 27th. TheStreet raised shares of Zebra Technologies from a “c+” rating to a “b” rating in a report on Tuesday, May 8th. Needham & Company LLC lifted their target price on shares of Zebra Technologies to $165.00 and gave the stock a “buy” rating in a report on Wednesday, May 9th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $147.78.

Shares of Zebra Technologies stock opened at $152.96 on Thursday. Zebra Technologies has a 52-week low of $94.78 and a 52-week high of $157.18. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 3.45 and a beta of 1.47. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.13 and a quick ratio of 0.65.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, May 8th. The industrial products company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.51. Zebra Technologies had a net margin of 3.08% and a return on equity of 47.70%. The firm had revenue of $977.00 million during the quarter, compared to analyst estimates of $935.85 million. During the same period in the previous year, the business posted $1.37 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. research analysts predict that Zebra Technologies will post 8.94 EPS for the current year.

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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