1,528 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd purchased a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,528 shares of the industrial products company’s stock, valued at approximately $592,000.

Other large investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Zebra Technologies during the 4th quarter valued at about $28,000. Fortitude Family Office LLC lifted its position in Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 59 shares during the period. Ameliora Wealth Management Ltd. acquired a new position in Zebra Technologies during the 4th quarter valued at about $42,000. Kestra Investment Management LLC acquired a new position in Zebra Technologies during the 4th quarter valued at about $50,000. Finally, Spire Wealth Management lifted its position in Zebra Technologies by 44.7% during the 4th quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 42 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on ZBRA. Barclays lowered their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Needham & Company LLC lowered their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Morgan Stanley lowered their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. UBS Group lowered their price target on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Robert W. Baird lowered their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares of the company’s stock, valued at $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $297.92 on Wednesday. The business has a 50 day simple moving average of $370.44 and a 200 day simple moving average of $372.78. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 29.27 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies Profile

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.