First Trust Advisors LP decreased its holdings in Zebra Technologies (NASDAQ:ZBRA) by 19.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,583 shares of the industrial products company’s stock after selling 39,109 shares during the period. First Trust Advisors LP’s holdings in Zebra Technologies were worth $27,865,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Reilly Financial Advisors LLC bought a new stake in shares of Zebra Technologies in the 3rd quarter worth $142,000. Psagot Investment House Ltd. bought a new stake in shares of Zebra Technologies in the 2nd quarter worth $129,000. Synovus Financial Corp bought a new stake in shares of Zebra Technologies in the 2nd quarter worth $148,000. Moneta Group Investment Advisors LLC bought a new stake in shares of Zebra Technologies in the 2nd quarter worth $158,000. Finally, Cerebellum GP LLC bought a new stake in shares of Zebra Technologies in the 2nd quarter worth $172,000. 86.84% of the stock is owned by institutional investors and hedge funds.
ZBRA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reissued a “buy” rating and issued a $180.00 target price on shares of Zebra Technologies in a report on Friday, September 21st. BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 28th. Imperial Capital raised their price target on Zebra Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, September 21st. Needham & Company LLC raised their price target on Zebra Technologies from $175.00 to $178.00 and gave the stock a “buy” rating in a research note on Thursday, August 16th. Finally, Northcoast Research set a $200.00 price target on Zebra Technologies and gave the stock a “buy” rating in a research note on Tuesday, August 7th. One 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. Zebra Technologies has an average rating of “Buy” and a consensus target price of $166.22.
Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.23 by $0.25. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $990.09 million. Zebra Technologies had a return on equity of 49.48% and a net margin of 4.33%. During the same period last year, the business posted $1.51 EPS. On average, equities research analysts expect that Zebra Technologies will post 9.62 earnings per share for the current fiscal year.
In other news, SVP Michael H. Terzich sold 3,097 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $162.16, for a total value of $502,209.52. Following the transaction, the senior vice president now directly owns 31,193 shares in the company, valued at approximately $5,058,256.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Anders Gustafsson sold 11,588 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $169.06, for a total value of $1,959,067.28. Following the completion of the transaction, the chief executive officer now owns 314,092 shares in the company, valued at $53,100,393.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,538 shares of company stock worth $9,817,605. Company insiders own 2.30% of the company’s stock.
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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