Zebra Technologies Corporation (NASDAQ:ZBRA) Shares Bought by Macquarie Group Ltd.

Macquarie Group Ltd. boosted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 2.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 610,812 shares of the industrial products company’s stock after buying an additional 15,573 shares during the period. Macquarie Group Ltd. owned about 1.16% of Zebra Technologies Corporation worth $55,737,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in ZBRA. Renaissance Technologies LLC bought a new position in Zebra Technologies Corporation during the fourth quarter worth $4,008,000. Bank of Montreal Can increased its position in Zebra Technologies Corporation by 0.4% in the first quarter. Bank of Montreal Can now owns 46,177 shares of the industrial products company’s stock worth $4,213,000 after buying an additional 177 shares during the period. Dimensional Fund Advisors LP increased its position in Zebra Technologies Corporation by 36.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 380,883 shares of the industrial products company’s stock worth $32,665,000 after buying an additional 102,007 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Zebra Technologies Corporation by 9.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,000 shares of the industrial products company’s stock worth $772,000 after buying an additional 750 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its stake in shares of Zebra Technologies Corporation by 3.2% in the first quarter. Advantus Capital Management Inc now owns 6,770 shares of the industrial products company’s stock worth $618,000 after buying an additional 209 shares in the last quarter. 94.72% of the stock is currently owned by institutional investors.

Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) traded up 0.06% during trading on Wednesday, hitting $100.73. 122,918 shares of the stock were exchanged. Zebra Technologies Corporation has a 52 week low of $47.26 and a 52 week high of $109.30. The firm’s 50 day moving average price is $103.76 and its 200-day moving average price is $92.11. The stock’s market cap is $5.31 billion.

Zebra Technologies Corporation (NASDAQ:ZBRA) last posted its earnings results on Tuesday, May 9th. The industrial products company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.07. The firm had revenue of $865 million during the quarter, compared to the consensus estimate of $847.76 million. Zebra Technologies Corporation had a negative net margin of 2.98% and a positive return on equity of 37.96%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $1.01 earnings per share. On average, analysts predict that Zebra Technologies Corporation will post $6.45 EPS for the current year.

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A number of research firms have issued reports on ZBRA. Needham & Company LLC restated a “buy” rating and set a $107.00 price target on shares of Zebra Technologies Corporation in a report on Monday, May 22nd. Zacks Investment Research upgraded shares of Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research note on Wednesday, June 21st. ValuEngine upgraded shares of Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Zebra Technologies Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Morgan Stanley lowered shares of Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $95.00 to $100.00 in a report on Wednesday, May 31st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. Zebra Technologies Corporation presently has an average rating of “Buy” and a consensus target price of $92.51.

In other news, SVP Michael H. Terzich sold 1,789 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $106.89, for a total value of $191,226.21. Following the completion of the transaction, the senior vice president now directly owns 33,445 shares in the company, valued at $3,574,936.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael Cho sold 1,572 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $107.76, for a total transaction of $169,398.72. Following the completion of the transaction, the senior vice president now owns 10,426 shares of the company’s stock, valued at $1,123,505.76. The disclosure for this sale can be found here. Insiders sold 27,602 shares of company stock valued at $2,819,641 in the last quarter. Corporate insiders own 2.50% of the company’s stock.

Zebra Technologies Corporation Company 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.

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

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