Edgestream Partners L.P. Makes New $563,000 Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Edgestream Partners L.P. purchased a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 1,821 shares of the industrial products company’s stock, valued at approximately $563,000.

Other hedge funds have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. raised its holdings in Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 63 shares in the last quarter. Transcendent Capital Group LLC bought a new position in shares of Zebra Technologies during the 2nd quarter worth approximately $32,000. BOK Financial Private Wealth Inc. purchased a new stake in Zebra Technologies during the first quarter valued at approximately $36,000. Massmutual Trust Co. FSB ADV boosted its stake in Zebra Technologies by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 33 shares in the last quarter. Finally, Webster Bank N. A. increased its position in shares of Zebra Technologies by 792.9% during the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now owns 9,694 shares in the company, valued at approximately $3,312,342.86. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ZBRA shares. Vertical Research started coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price objective for the company. Needham & Company LLC boosted their price target on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird increased their price objective on shares of Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. BNP Paribas raised shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. Finally, Stephens raised their price target on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $349.64.

Zebra Technologies Stock Up 0.8 %

NASDAQ:ZBRA opened at $366.76 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. The company’s fifty day moving average price is $335.86 and its 200-day moving average price is $314.48. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $372.93. The firm has a market capitalization of $18.86 billion, a P/E ratio of 72.77 and a beta of 1.65.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.70. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $3.24 EPS. As a group, equities research analysts anticipate that Zebra Technologies Co. will post 11.12 EPS for the current year.

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.