BlueMountain Capital Management LLC Has $2.22 Million Position in Zebra Technologies Corporation (ZBRA)

BlueMountain Capital Management LLC boosted its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 51.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,032 shares of the industrial products company’s stock after purchasing an additional 7,478 shares during the quarter. BlueMountain Capital Management LLC’s holdings in Zebra Technologies Corporation were worth $2,215,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ZBRA. Great West Life Assurance Co. Can raised its stake in Zebra Technologies Corporation by 4.8% in the first quarter. Great West Life Assurance Co. Can now owns 31,601 shares of the industrial products company’s stock valued at $2,882,000 after purchasing an additional 1,440 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Zebra Technologies Corporation by 0.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 70,160 shares of the industrial products company’s stock valued at $6,402,000 after purchasing an additional 231 shares in the last quarter. US Bancorp DE raised its stake in Zebra Technologies Corporation by 32.4% in the first quarter. US Bancorp DE now owns 5,091 shares of the industrial products company’s stock valued at $464,000 after purchasing an additional 1,247 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Zebra Technologies Corporation by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 679,461 shares of the industrial products company’s stock valued at $62,001,000 after purchasing an additional 30,106 shares in the last quarter. Finally, Suntrust Banks Inc. raised its stake in Zebra Technologies Corporation by 9.3% in the first quarter. Suntrust Banks Inc. now owns 5,191 shares of the industrial products company’s stock valued at $472,000 after purchasing an additional 442 shares in the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

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In related news, CEO Anders Gustafsson sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $106.04, for a total transaction of $2,651,000.00. Following the transaction, the chief executive officer now directly owns 295,116 shares of the company’s stock, valued at approximately $31,294,100.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Hugh K. Gagnier sold 20,682 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $106.42, for a total value of $2,200,978.44. Following the transaction, the senior vice president now directly owns 39,072 shares in the company, valued at $4,158,042.24. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

A number of research analysts have issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $125.00 target price (up previously from $110.00) on shares of Zebra Technologies Corporation in a research report on Tuesday, August 15th. Needham & Company LLC reiterated a “buy” rating and issued a $118.00 target price (up previously from $107.00) on shares of Zebra Technologies Corporation in a research report on Thursday, August 10th. BidaskClub cut Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research cut Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, ValuEngine upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $103.57.

Shares of Zebra Technologies Corporation (NASDAQ ZBRA) opened at 105.82 on Monday. The stock’s 50 day moving average price is $102.36 and its 200 day moving average price is $98.31. Zebra Technologies Corporation has a 12-month low of $62.91 and a 12-month high of $109.30. The company’s market capitalization is $5.62 billion.

Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.17. The company had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $876.90 million. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. Zebra Technologies Corporation’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $1.34 EPS. On average, equities research analysts forecast that Zebra Technologies Corporation will post $6.67 earnings per share for the current year.

Zebra Technologies Corporation Profile

Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.

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

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