SG Capital Management LLC Takes $2.92 Million Position in Zebra Technologies (ZBRA)

SG Capital Management LLC bought a new position in Zebra Technologies (NASDAQ:ZBRA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 16,484 shares of the industrial products company’s stock, valued at approximately $2,915,000.

Other hedge funds also recently modified their holdings of the company. Psagot Investment House Ltd. bought a new position in Zebra Technologies in the second quarter worth approximately $129,000. Synovus Financial Corp purchased a new position in shares of Zebra Technologies in the 2nd quarter worth $148,000. Moneta Group Investment Advisors LLC purchased a new position in shares of Zebra Technologies during the 2nd quarter worth about $158,000. Cerebellum GP LLC purchased a new position in shares of Zebra Technologies during the 2nd quarter worth about $172,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Zebra Technologies during the 2nd quarter worth about $180,000. Institutional investors own 86.70% of the company’s stock.

Several equities research analysts have issued reports on ZBRA shares. JPMorgan Chase & Co. reissued a “buy” rating and issued a $180.00 price objective on shares of Zebra Technologies in a research report on Friday, September 21st. BidaskClub lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, September 22nd. Imperial Capital boosted their target price on shares of Zebra Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, September 21st. Wellington Shields downgraded shares of Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a research report on Friday, September 14th. Finally, Needham & Company LLC upped their price objective on shares of Zebra Technologies from $175.00 to $178.00 and gave the company a “buy” rating in a report on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $166.22.

In other news, CEO Anders Gustafsson sold 24,916 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $163.15, for a total transaction of $4,065,045.40. Following the completion of the transaction, the chief executive officer now owns 314,092 shares of the company’s stock, valued at approximately $51,244,109.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jim L. Kaput sold 5,703 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $162.18, for a total transaction of $924,912.54. Following the transaction, the senior vice president now directly owns 20,436 shares of the company’s stock, valued at approximately $3,314,310.48. The disclosure for this sale can be found here. Insiders sold a total of 59,538 shares of company stock worth $9,817,605 over the last quarter. Insiders own 2.30% of the company’s stock.

ZBRA stock traded up $0.56 during midday trading on Friday, reaching $169.05. 13,810 shares of the company were exchanged, compared to its average volume of 452,699. The company has a current ratio of 1.09, a quick ratio of 0.64 and a debt-to-equity ratio of 1.78. Zebra Technologies has a 1-year low of $101.49 and a 1-year high of $179.47. The stock has a market cap of $9.08 billion, a P/E ratio of 26.41 and a beta of 1.59.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, August 7th. The industrial products company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.25. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $990.09 million. Zebra Technologies had a net margin of 4.33% and a return on equity of 49.48%. During the same period last year, the firm posted $1.51 EPS. On average, equities research analysts predict that Zebra Technologies will post 9.62 earnings per share for the current year.

Zebra Technologies Company 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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