Assenagon Asset Management S.A. Has $9.81 Million Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Assenagon Asset Management S.A. lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 9.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,711 shares of the industrial products company’s stock after purchasing an additional 2,926 shares during the quarter. Assenagon Asset Management S.A. owned 0.07% of Zebra Technologies worth $9,808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. New York Life Investment Management LLC boosted its position in shares of Zebra Technologies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company’s stock valued at $2,976,000 after purchasing an additional 30 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Zebra Technologies by 2.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company’s stock valued at $518,000 after purchasing an additional 32 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Zebra Technologies by 5.7% in the 4th quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 35 shares during the period. Creative Financial Designs Inc. ADV boosted its position in shares of Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 36 shares during the period. Finally, Argonautica Private Wealth Management Inc. boosted its position in shares of Zebra Technologies by 2.3% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,632 shares of the industrial products company’s stock valued at $630,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Down 3.1%

ZBRA opened at $283.61 on Friday. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The business has a 50-day moving average of $266.75 and a 200-day moving average of $322.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The company has a market capitalization of $14.42 billion, a PE ratio of 27.86 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business earned $2.84 EPS. The business’s quarterly revenue was up 11.3% on a year-over-year basis. Equities research analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ZBRA shares. Truist Financial decreased their price target on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. Barclays reduced their price objective on Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Robert W. Baird increased their price objective on Zebra Technologies from $290.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. UBS Group reduced their price objective on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Finally, Morgan Stanley increased their price objective on Zebra Technologies from $245.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 28th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $331.20.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.