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

Swiss National Bank increased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 0.3% in the third quarter, HoldingsChannel.com reports. The firm owned 152,600 shares of the industrial products company’s stock after buying an additional 400 shares during the period. Swiss National Bank’s holdings in Zebra Technologies were worth $56,511,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC purchased a new position in shares of Zebra Technologies during the third quarter worth $247,000. Tidal Investments LLC grew its position in Zebra Technologies by 172.3% in the 1st quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock valued at $1,154,000 after acquiring an additional 2,422 shares in the last quarter. Park Avenue Securities LLC grew its position in Zebra Technologies by 23.0% in the 2nd quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company’s stock valued at $2,715,000 after acquiring an additional 1,643 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Zebra Technologies by 24.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company’s stock worth $4,724,000 after purchasing an additional 2,979 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Zebra Technologies by 2.5% during the second quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company’s stock worth $60,747,000 after purchasing an additional 4,750 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.04% of the company’s stock.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $382.40 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 52-week low of $216.60 and a 52-week high of $405.62. The stock has a 50 day moving average price of $371.49 and a 200 day moving average price of $339.32. The company has a market capitalization of $19.72 billion, a price-to-earnings ratio of 52.03 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $0.57 EPS. The company’s revenue was up 31.3% on a year-over-year basis. Research analysts predict that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on ZBRA shares. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Stephens upped their price objective on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Robert W. Baird lifted their target price on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Needham & Company LLC upped their price target on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $385.18.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.