Columbus Circle Investors Cuts Holdings in Zebra Technologies (ZBRA)

Columbus Circle Investors reduced its stake in shares of Zebra Technologies (NASDAQ:ZBRA) by 0.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 670,224 shares of the industrial products company’s stock after selling 2,850 shares during the quarter. Zebra Technologies comprises 3.0% of Columbus Circle Investors’ portfolio, making the stock its biggest holding. Columbus Circle Investors’ holdings in Zebra Technologies were worth $106,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of ZBRA. Advisors Asset Management Inc. lifted its position in shares of Zebra Technologies by 115.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 9,061 shares of the industrial products company’s stock worth $1,298,000 after purchasing an additional 4,855 shares during the last quarter. Bank of Montreal Can increased its stake in Zebra Technologies by 2.5% during the third quarter. Bank of Montreal Can now owns 22,492 shares of the industrial products company’s stock valued at $3,977,000 after acquiring an additional 547 shares during the period. Winslow Evans & Crocker Inc. increased its stake in Zebra Technologies by 162.7% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,576 shares of the industrial products company’s stock valued at $280,000 after acquiring an additional 976 shares during the period. First Hawaiian Bank bought a new position in Zebra Technologies during the third quarter valued at about $997,000. Finally, Tributary Capital Management LLC increased its stake in Zebra Technologies by 15.2% during the third quarter. Tributary Capital Management LLC now owns 14,400 shares of the industrial products company’s stock valued at $2,546,000 after acquiring an additional 1,900 shares during the period. Institutional investors own 93.49% of the company’s stock.

In other news, Director Andrew K. Ludwick sold 34,000 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $178.04, for a total value of $6,053,360.00. Following the sale, the director now directly owns 34,952 shares in the company, valued at approximately $6,222,854.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.

Several brokerages recently issued reports on ZBRA. ValuEngine upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. BidaskClub upgraded Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 8th. Zacks Investment Research upgraded Zebra Technologies from a “sell” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Saturday, November 17th. Wellington Shields lowered Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a research note on Monday, January 28th. Finally, Robert W. Baird boosted their price target on Zebra Technologies from $175.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, November 12th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $180.22.

ZBRA stock opened at $182.96 on Wednesday. Zebra Technologies has a 1-year low of $115.38 and a 1-year high of $184.75. The company has a market capitalization of $9.49 billion, a PE ratio of 28.59 and a beta of 1.52. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.64 and a current ratio of 1.09.

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Zebra Technologies Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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

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