Summit Global Investments Makes New Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Summit Global Investments purchased a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,287 shares of the industrial products company’s stock, valued at approximately $497,000.

A number of other large investors have also made changes to their positions in the stock. Creative Financial Designs Inc. ADV grew its position in Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after buying an additional 36 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Zebra Technologies in the 4th quarter worth approximately $28,000. Picton Mahoney Asset Management purchased a new position in Zebra Technologies in the 4th quarter valued at approximately $31,000. Avalon Trust Co acquired a new position in Zebra Technologies during the fourth quarter worth $35,000. Finally, Fortitude Family Office LLC boosted its position in Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ZBRA shares. UBS Group dropped their price target on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Robert W. Baird cut their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Morgan Stanley lowered their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Needham & Company LLC cut their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, Citigroup assumed coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and an average target price of $381.42.

Zebra Technologies Trading Up 2.6 %

ZBRA opened at $297.41 on Tuesday. The firm’s 50 day moving average is $341.34 and its 200-day moving average is $367.29. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $15.28 billion, a P/E ratio of 29.22 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.06% of the company’s stock.

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.