Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by Assetmark Inc.

Assetmark Inc. increased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 5,595.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,657 shares of the industrial products company’s stock after acquiring an additional 8,505 shares during the quarter. Assetmark Inc.’s holdings in Zebra Technologies were worth $3,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ZBRA. Principal Financial Group Inc. boosted its position in shares of Zebra Technologies by 6.3% during the 3rd quarter. Principal Financial Group Inc. now owns 110,417 shares of the industrial products company’s stock valued at $40,890,000 after acquiring an additional 6,514 shares during the last quarter. Equitable Trust Co. lifted its position in Zebra Technologies by 2.3% in the third quarter. Equitable Trust Co. now owns 1,573 shares of the industrial products company’s stock valued at $583,000 after buying an additional 35 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its position in Zebra Technologies by 100.0% in the third quarter. Mesirow Financial Investment Management Inc. now owns 3,026 shares of the industrial products company’s stock valued at $1,121,000 after buying an additional 1,513 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Zebra Technologies by 62.6% in the third quarter. Venturi Wealth Management LLC now owns 1,029 shares of the industrial products company’s stock valued at $381,000 after buying an additional 396 shares during the last quarter. Finally, Versor Investments LP acquired a new position in Zebra Technologies in the third quarter valued at about $1,752,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ZBRA shares. Robert W. Baird decreased their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Citigroup started coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price on the stock. Morgan Stanley decreased their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Truist Financial decreased their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Finally, UBS Group cut their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Insider Buying and Selling at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the company’s stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.06% of the stock is currently owned by insiders.

Zebra Technologies Stock Down 0.6 %

ZBRA stock opened at $292.69 on Monday. The company’s 50 day moving average price is $364.64 and its 200 day moving average price is $371.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76. The firm has a market capitalization of $15.04 billion, a price-to-earnings ratio of 28.75 and a beta of 1.68.

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