Forte Capital LLC ADV Has $363,000 Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Forte Capital LLC ADV raised its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 29.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 979 shares of the industrial products company’s stock after purchasing an additional 221 shares during the quarter. Forte Capital LLC ADV’s holdings in Zebra Technologies were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ZBRA. Cascade Investment Advisors Inc. lifted its holdings in Zebra Technologies by 0.7% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company’s stock valued at $1,625,000 after purchasing an additional 30 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Zebra Technologies by 1.4% during the 3rd quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock worth $821,000 after buying an additional 31 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Zebra Technologies by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after buying an additional 33 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Zebra Technologies by 3.1% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,163 shares of the industrial products company’s stock worth $431,000 after buying an additional 35 shares during the period. Finally, Valmark Advisers Inc. grew its stake in Zebra Technologies by 4.3% in the 3rd quarter. Valmark Advisers Inc. now owns 841 shares of the industrial products company’s stock valued at $311,000 after buying an additional 35 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Stock Up 0.8 %

Shares of ZBRA opened at $397.18 on Friday. The firm has a 50 day simple moving average of $362.64 and a two-hundred day simple moving average of $333.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. Zebra Technologies Co. has a one year low of $201.43 and a one year high of $403.78. The company has a market cap of $20.49 billion, a P/E ratio of 54.04 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Zebra Technologies’s revenue was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 EPS. Research analysts forecast that Zebra Technologies Co. will post 12.26 EPS for the current fiscal year.

Insider Transactions at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group increased their target price on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. TD Cowen upped their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird increased their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Company Profile

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.