Palisade Asset Management LLC Reduces Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Palisade Asset Management LLC reduced its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 15.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 5,000 shares of the industrial products company’s stock after selling 885 shares during the quarter. Palisade Asset Management LLC’s holdings in Zebra Technologies were worth $1,852,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZBRA. CANADA LIFE ASSURANCE Co boosted its position in shares of Zebra Technologies by 1.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 35,089 shares of the industrial products company’s stock valued at $10,586,000 after purchasing an additional 342 shares during the period. Advisors Asset Management Inc. lifted its stake in Zebra Technologies by 5.3% in the first quarter. Advisors Asset Management Inc. now owns 3,249 shares of the industrial products company’s stock valued at $979,000 after buying an additional 164 shares during the last quarter. LRI Investments LLC purchased a new stake in Zebra Technologies in the first quarter valued at approximately $195,000. Price T Rowe Associates Inc. MD grew its position in shares of Zebra Technologies by 44.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after acquiring an additional 425,207 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC increased its holdings in shares of Zebra Technologies by 18.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 180,270 shares of the industrial products company’s stock valued at $54,341,000 after acquiring an additional 28,181 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group increased their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley increased their target price on shares of Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 30th. Barclays boosted their price target on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, 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 research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have issued 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 presently has a consensus rating of “Moderate Buy” and an average target price of $385.18.

Insider Buying and Selling

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the transaction, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.06% of the stock is owned by insiders.

Zebra Technologies Stock Up 1.2 %

ZBRA opened at $397.19 on Friday. The business has a 50 day simple moving average of $375.69 and a 200-day simple moving average of $341.07. Zebra Technologies Co. has a 12 month low of $225.83 and a 12 month high of $405.62. The stock has a market capitalization of $20.49 billion, a P/E ratio of 54.04 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96.

Zebra Technologies (NASDAQ:ZBRA) last released 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 return on equity of 15.56% and a net margin of 8.20%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $0.57 earnings per share. Zebra Technologies’s quarterly revenue was up 31.3% compared to the same quarter last year. On average, equities analysts anticipate that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

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.