Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 14.7% during the third quarter, Holdings Channel reports. The firm owned 23,226 shares of the industrial products company’s stock after buying an additional 2,973 shares during the period. Natixis Advisors LLC’s holdings in Zebra Technologies were worth $8,601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in Zebra Technologies in the 2nd quarter worth approximately $27,000. Farmers & Merchants Investments Inc. grew its holdings in Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after buying an additional 63 shares in the last quarter. Concord Wealth Partners bought a new position in Zebra Technologies in the 3rd quarter worth approximately $30,000. Transcendent Capital Group LLC bought a new position in Zebra Technologies in the 2nd quarter worth approximately $32,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Zebra Technologies by 38.8% in 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 in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Up 2.1 %

Shares of ZBRA opened at $392.66 on Friday. The stock has a market cap of $20.25 billion, a price-to-earnings ratio of 52.32 and a beta of 1.64. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 12 month low of $221.59 and a 12 month high of $405.62. The company has a 50-day moving average price of $373.38 and a two-hundred day moving average price of $340.14.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. Zebra Technologies’s quarterly revenue was up 31.3% compared to the same quarter last year. Equities analysts predict that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Stephens increased their price target on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Barclays increased their price target on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC increased their price target on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Insider Activity

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’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 sale, the chief financial officer now owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.06% of the stock is currently owned by corporate insiders.

Zebra Technologies 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.