Profund Advisors LLC Has $1.06 Million Stake in Zebra Technologies (ZBRA)

Profund Advisors LLC increased its position in Zebra Technologies (NASDAQ:ZBRA) by 17.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,588 shares of the industrial products company’s stock after acquiring an additional 1,138 shares during the quarter. Profund Advisors LLC’s holdings in Zebra Technologies were worth $1,056,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ZBRA. Schwab Charles Investment Management Inc. boosted its position in shares of Zebra Technologies by 2.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 301,012 shares of the industrial products company’s stock valued at $31,246,000 after acquiring an additional 7,798 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Zebra Technologies by 47.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,929 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 947 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Zebra Technologies in the fourth quarter valued at approximately $11,812,000. American Century Companies Inc. raised its stake in Zebra Technologies by 73.9% in the fourth quarter. American Century Companies Inc. now owns 93,549 shares of the industrial products company’s stock valued at $9,710,000 after purchasing an additional 39,763 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in Zebra Technologies by 16.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 7,404 shares of the industrial products company’s stock valued at $769,000 after purchasing an additional 1,052 shares in the last quarter. Institutional investors own 88.63% of the company’s stock.

Zebra Technologies opened at $158.78 on Tuesday, MarketBeat.com reports. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 3.60 and a beta of 1.51. Zebra Technologies has a one year low of $94.78 and a one year high of $161.72. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, May 8th. The industrial products company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.05 by $0.51. The firm had revenue of $977.00 million for the quarter, compared to the consensus estimate of $935.85 million. Zebra Technologies had a net margin of 3.08% and a return on equity of 47.70%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same period last year, the firm posted $1.37 earnings per share. analysts anticipate that Zebra Technologies will post 8.94 EPS for the current year.

In other Zebra Technologies news, SVP Michael H. Terzich sold 2,896 shares of Zebra Technologies stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $446,418.40. Following the transaction, the senior vice president now directly owns 34,089 shares of the company’s stock, valued at $5,254,819.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anders Gustafsson sold 20,459 shares of Zebra Technologies stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $152.61, for a total transaction of $3,122,247.99. Following the transaction, the chief executive officer now directly owns 311,338 shares in the company, valued at $47,513,292.18. The disclosure for this sale can be found here. Insiders have sold 28,067 shares of company stock worth $4,290,358 over the last three months. Insiders own 2.30% of the company’s stock.

ZBRA has been the topic of a number of recent analyst reports. ValuEngine raised shares of Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. JPMorgan Chase & Co. raised shares of Zebra Technologies from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research note on Monday, March 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $125.00 target price (up from $108.00) on shares of Zebra Technologies in a research note on Friday, February 23rd. BidaskClub raised shares of Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $140.00 target price (up from $112.00) on shares of Zebra Technologies in a research note on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $147.78.

About Zebra Technologies

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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