DekaBank Deutsche Girozentrale Has $8.43 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

DekaBank Deutsche Girozentrale lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 8.4% during the 1st quarter, Holdings Channel reports. The firm owned 28,315 shares of the industrial products company’s stock after purchasing an additional 2,202 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Zebra Technologies were worth $8,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. Cambridge Trust Co. raised its stake in Zebra Technologies by 216.0% in the first quarter. Cambridge Trust Co. now owns 158 shares of the industrial products company’s stock valued at $48,000 after buying an additional 108 shares during the period. Boston Partners lifted its holdings in Zebra Technologies by 9.7% during the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after purchasing an additional 98,045 shares during the last quarter. Cetera Advisors LLC boosted its position in Zebra Technologies by 51.9% during the first quarter. Cetera Advisors LLC now owns 1,774 shares of the industrial products company’s stock worth $535,000 after purchasing an additional 606 shares during the period. Cetera Investment Advisers increased its holdings in shares of Zebra Technologies by 262.3% in the first quarter. Cetera Investment Advisers now owns 8,271 shares of the industrial products company’s stock valued at $2,493,000 after purchasing an additional 5,988 shares during the last quarter. Finally, Wellington Shields & Co. LLC bought a new position in shares of Zebra Technologies in the first quarter valued at about $45,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the sale, the insider now owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded down $20.28 during mid-day trading on Friday, reaching $322.30. The company had a trading volume of 447,821 shares, compared to its average volume of 399,978. The firm has a market cap of $16.57 billion, a price-to-earnings ratio of 63.95 and a beta of 1.65. The business’s 50-day simple moving average is $315.85 and its 200 day simple moving average is $295.52. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $372.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.56 and a current ratio of 1.28.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating the consensus estimate of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the firm earned $3.24 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, research analysts predict that Zebra Technologies Co. will post 11.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on ZBRA shares. Barclays lifted their target price on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a report on Wednesday. UBS Group upped their target price on Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Truist Financial reiterated a “hold” rating and set a $345.00 target price (up previously from $315.00) on shares of Zebra Technologies in a research note on Wednesday. TD Cowen boosted their price target on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $349.64.

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.