Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by GW&K Investment Management LLC

GW&K Investment Management LLC boosted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 188,804 shares of the industrial products company’s stock after purchasing an additional 1,422 shares during the quarter. GW&K Investment Management LLC’s holdings in Zebra Technologies were worth $72,920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ZBRA. Parkside Financial Bank & Trust raised its stake in Zebra Technologies by 33.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 273 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 69 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Zebra Technologies during the 4th quarter valued at about $24,314,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Zebra Technologies in the 4th quarter valued at approximately $778,000. Mn Services Vermogensbeheer B.V. increased its stake in Zebra Technologies by 2.0% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 20,100 shares of the industrial products company’s stock worth $7,763,000 after acquiring an additional 400 shares during the last quarter. Finally, New York Life Investment Management LLC increased its position in shares of Zebra Technologies by 0.4% during the fourth 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 acquiring an additional 30 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $311.00 on Friday. The firm has a market capitalization of $15.98 billion, a PE ratio of 30.55 and a beta of 1.63. 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 50-day moving average price of $375.63 and a 200 day moving average price of $372.83.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data 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). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. On average, sell-side analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on ZBRA. Robert W. Baird lowered their target price on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Truist Financial dropped their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Morgan Stanley dropped their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Citigroup began coverage on Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $381.42.

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.