IFM Investors Pty Ltd Buys 1,659 Shares of Zebra Technologies (NASDAQ:ZBRA)

IFM Investors Pty Ltd grew its stake in Zebra Technologies (NASDAQ:ZBRA) by 47.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,179 shares of the industrial products company’s stock after acquiring an additional 1,659 shares during the period. IFM Investors Pty Ltd’s holdings in Zebra Technologies were worth $1,069,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ZBRA. APG Asset Management N.V. grew its holdings in shares of Zebra Technologies by 491.7% in the 2nd quarter. APG Asset Management N.V. now owns 687,000 shares of the industrial products company’s stock valued at $126,378,000 after acquiring an additional 570,900 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Zebra Technologies by 7.6% in the 2nd quarter. BlackRock Inc. now owns 5,273,689 shares of the industrial products company’s stock valued at $1,104,785,000 after acquiring an additional 372,156 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Zebra Technologies by 81.9% in the 2nd quarter. Invesco Ltd. now owns 722,770 shares of the industrial products company’s stock valued at $151,413,000 after acquiring an additional 325,532 shares in the last quarter. Marshall Wace North America L.P. grew its holdings in shares of Zebra Technologies by 1,547.8% in the 2nd quarter. Marshall Wace North America L.P. now owns 297,502 shares of the industrial products company’s stock valued at $62,323,000 after acquiring an additional 279,447 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new position in shares of Zebra Technologies in the 2nd quarter valued at about $54,872,000. Institutional investors own 88.42% of the company’s stock.

In other Zebra Technologies news, CEO Anders Gustafsson sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $238.23, for a total transaction of $7,146,900.00. Following the completion of the transaction, the chief executive officer now directly owns 283,533 shares in the company, valued at $67,546,066.59. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Olivier Leonetti sold 1,817 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $238.69, for a total transaction of $433,699.73. Following the transaction, the chief financial officer now owns 16,142 shares of the company’s stock, valued at $3,852,933.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,240 shares of company stock valued at $11,389,244. 1.77% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut Zebra Technologies from an “overweight” rating to a “neutral” rating and set a $250.00 price objective for the company. in a report on Tuesday, November 5th. Imperial Capital restated an “outperform” rating and issued a $265.00 price objective (up previously from $245.00) on shares of Zebra Technologies in a report on Thursday, October 31st. ValuEngine upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC raised their price objective on Zebra Technologies from $240.00 to $255.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $245.63.

Zebra Technologies stock traded up $1.40 during midday trading on Friday, reaching $241.86. 223,700 shares of the company’s stock were exchanged, compared to its average volume of 532,584. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.58 and a current ratio of 0.94. Zebra Technologies has a 52 week low of $140.95 and a 52 week high of $248.83. The stock’s 50-day simple moving average is $211.74 and its 200 day simple moving average is $201.93. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of 23.64 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.15. Zebra Technologies had a net margin of 11.06% and a return on equity of 42.17%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $2.88 earnings per share. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. Research analysts forecast that Zebra Technologies will post 12.16 earnings per share for the current year.

Zebra Technologies Company Profile

Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.

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

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