Raymond James Trust N.A. Takes $351,000 Position in Zebra Technologies (ZBRA)

Raymond James Trust N.A. purchased a new position in Zebra Technologies (NASDAQ:ZBRA) during the third quarter, HoldingsChannel reports. The firm purchased 1,981 shares of the industrial products company’s stock, valued at approximately $351,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ZBRA. Columbus Circle Investors grew its holdings in shares of Zebra Technologies by 76.3% in the second quarter. Columbus Circle Investors now owns 586,742 shares of the industrial products company’s stock worth $84,051,000 after purchasing an additional 253,867 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Zebra Technologies by 215.9% in the first quarter. Millennium Management LLC now owns 365,994 shares of the industrial products company’s stock worth $50,943,000 after purchasing an additional 250,125 shares during the last quarter. FMR LLC grew its holdings in shares of Zebra Technologies by 2,416.1% in the second quarter. FMR LLC now owns 226,445 shares of the industrial products company’s stock worth $32,438,000 after purchasing an additional 217,445 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Zebra Technologies by 30.6% in the second quarter. Wells Fargo & Company MN now owns 925,207 shares of the industrial products company’s stock worth $132,535,000 after purchasing an additional 216,621 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Zebra Technologies by 365.7% in the first quarter. Legal & General Group Plc now owns 254,926 shares of the industrial products company’s stock worth $35,483,000 after purchasing an additional 200,180 shares during the last quarter. Hedge funds and other institutional investors own 86.70% of the company’s stock.

In other news, SVP Jim L. Kaput sold 5,703 shares of the firm’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $162.18, for a total value of $924,912.54. Following the sale, the senior vice president now directly owns 20,436 shares in the company, valued at approximately $3,314,310.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew K. Ludwick sold 5,192 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $162.14, for a total transaction of $841,830.88. Following the completion of the sale, the director now owns 40,508 shares in the company, valued at $6,567,967.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,538 shares of company stock worth $9,817,605. 2.30% of the stock is owned by company insiders.

ZBRA has been the topic of several recent research reports. Northcoast Research set a $200.00 target price on shares of Zebra Technologies and gave the stock a “buy” rating in a report on Tuesday, August 7th. BidaskClub cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. JPMorgan Chase & Co. set a $170.00 target price on shares of Zebra Technologies and gave the stock a “buy” rating in a report on Monday, August 6th. Morgan Stanley increased their target price on shares of Zebra Technologies from $135.00 to $160.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 8th. Finally, Imperial Capital increased their target price on shares of Zebra Technologies from $120.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $166.22.

Shares of Zebra Technologies stock opened at $164.95 on Friday. 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 price-to-earnings ratio of 25.77 and a beta of 1.59.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, August 7th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.23 by $0.25. Zebra Technologies had a net margin of 4.33% and a return on equity of 49.48%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $990.09 million. During the same period in the prior year, the business earned $1.51 EPS. As a group, equities research analysts forecast that Zebra Technologies will post 9.62 earnings per share for the current fiscal year.

About Zebra Technologies

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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