Pinebridge Investments L.P. trimmed its position in Zebra Technologies Corporation (NASDAQ:ZBRA) by 9.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,202 shares of the industrial products company’s stock after selling 2,041 shares during the quarter. Pinebridge Investments L.P.’s holdings in Zebra Technologies were worth $2,194,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC acquired a new position in Zebra Technologies during the second quarter worth $157,116,000. Bank of New York Mellon Corp raised its position in Zebra Technologies by 118.7% in the second quarter. Bank of New York Mellon Corp now owns 1,485,758 shares of the industrial products company’s stock valued at $149,349,000 after purchasing an additional 806,297 shares during the period. BlackRock Inc. raised its holdings in shares of Zebra Technologies by 16.8% in the 2nd quarter. BlackRock Inc. now owns 4,838,648 shares of the industrial products company’s stock valued at $486,381,000 after buying an additional 695,821 shares during the period. Vanguard Group Inc. raised its holdings in shares of Zebra Technologies by 10.4% in the 2nd quarter. Vanguard Group Inc. now owns 4,545,495 shares of the industrial products company’s stock valued at $456,913,000 after buying an additional 428,836 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Zebra Technologies by 107.7% in the 3rd quarter. Wells Fargo & Company MN now owns 792,708 shares of the industrial products company’s stock valued at $86,073,000 after buying an additional 411,035 shares during the period. Hedge funds and other institutional investors own 89.68% of the company’s stock.
Shares of Zebra Technologies Corporation (NASDAQ ZBRA) opened at $105.31 on Thursday. The stock has a market capitalization of $5,710.37, a PE ratio of 17.26, a P/E/G ratio of 2.24 and a beta of 1.59. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.22 and a quick ratio of 0.74. Zebra Technologies Corporation has a 1 year low of $79.98 and a 1 year high of $117.44.
ZBRA has been the topic of several research analyst reports. Barrington Research reiterated an “outperform” rating and issued a $125.00 price objective (up previously from $110.00) on shares of Zebra Technologies in a report on Tuesday, August 15th. Zacks Investment Research downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Needham & Company LLC restated a “buy” rating and set a $118.00 price target (up previously from $107.00) on shares of Zebra Technologies in a report on Thursday, August 10th. Wellington Shields upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. Finally, Imperial Capital upgraded Zebra Technologies from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $95.00 to $120.00 in a report on Wednesday, November 29th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Zebra Technologies has a consensus rating of “Buy” and an average price target of $114.88.
In related news, Director Frank Blaise Modruson acquired 1,540 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $103.88 per share, with a total value of $159,975.20. Following the completion of the transaction, the director now directly owns 12,556 shares of the company’s stock, valued at approximately $1,304,317.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael Cho sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $110.15, for a total value of $110,150.00. Following the completion of the transaction, the senior vice president now directly owns 10,426 shares in the company, valued at $1,148,423.90. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.
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About Zebra Technologies
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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