Swiss National Bank Cuts Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Swiss National Bank trimmed its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 206,652 shares of the industrial products company’s stock after selling 7,000 shares during the period. Swiss National Bank’s holdings in Zebra Technologies were worth $52,171,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Zebra Technologies by 100.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the industrial products company’s stock valued at $302,000 after buying an additional 600 shares during the period. Commerce Bank boosted its holdings in shares of Zebra Technologies by 9.1% during the third quarter. Commerce Bank now owns 20,780 shares of the industrial products company’s stock worth $5,247,000 after purchasing an additional 1,726 shares during the period. BlackRock Inc. boosted its holdings in shares of Zebra Technologies by 6.5% during the third quarter. BlackRock Inc. now owns 3,987,825 shares of the industrial products company’s stock worth $1,006,767,000 after purchasing an additional 245,078 shares during the period. Trexquant Investment LP purchased a new stake in shares of Zebra Technologies during the third quarter worth about $477,000. Finally, Freestone Capital Holdings LLC purchased a new stake in shares of Zebra Technologies during the third quarter worth about $59,000. Institutional investors and hedge funds own 86.36% of the company’s stock.

In other Zebra Technologies news, Director Michael A. Smith sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $284.32, for a total transaction of $2,132,400.00. Following the completion of the transaction, the director now owns 32,463 shares of the company’s stock, valued at $9,229,880.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anders Gustafsson sold 42,505 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $342.02, for a total transaction of $14,537,560.10. Insiders have sold 69,944 shares of company stock valued at $23,473,398 in the last ninety days. Insiders own 2.00% of the company’s stock.

ZBRA has been the subject of a number of analyst reports. Stephens initiated coverage on shares of Zebra Technologies in a report on Friday, October 16th. They set an “overweight” rating and a $375.00 target price for the company. Needham & Company LLC increased their target price on shares of Zebra Technologies from $320.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. BidaskClub upgraded shares of Zebra Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 21st. JPMorgan Chase & Co. increased their target price on shares of Zebra Technologies from $280.00 to $296.00 and gave the stock a “neutral” rating in a report on Thursday, October 15th. They noted that the move was a valuation call. Finally, Morgan Stanley increased their target price on shares of Zebra Technologies from $240.00 to $250.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 4th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $289.33.

Shares of ZBRA opened at $354.99 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.79 and a quick ratio of 0.42. Zebra Technologies Co. has a one year low of $150.06 and a one year high of $367.66. The company has a 50-day simple moving average of $304.91 and a two-hundred day simple moving average of $272.52. The firm has a market capitalization of $18.93 billion, a PE ratio of 39.05 and a beta of 1.54.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Sunday, November 8th. The industrial products company reported $3.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.81 by $0.46. Zebra Technologies had a net margin of 11.41% and a return on equity of 34.83%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business posted $3.43 earnings per share. Zebra Technologies’s quarterly revenue was up .2% compared to the same quarter last year. Analysts expect that Zebra Technologies Co. will post 10.36 EPS 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. The company operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility.

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

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