Oakbrook Investments LLC purchased a new stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 3,625 shares of the industrial products company’s stock, valued at approximately $364,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Zebra Technologies Corporation by 15,105.8% in the first quarter. BlackRock Inc. now owns 4,142,827 shares of the industrial products company’s stock valued at $378,032,000 after buying an additional 4,115,582 shares during the period. Vanguard Group Inc. boosted its position in shares of Zebra Technologies Corporation by 5.4% in the first quarter. Vanguard Group Inc. now owns 4,116,659 shares of the industrial products company’s stock valued at $375,645,000 after buying an additional 210,112 shares during the period. State Street Corp boosted its position in shares of Zebra Technologies Corporation by 2.1% in the first quarter. State Street Corp now owns 1,350,444 shares of the industrial products company’s stock valued at $123,234,000 after buying an additional 27,838 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Zebra Technologies Corporation by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 679,461 shares of the industrial products company’s stock valued at $62,001,000 after buying an additional 30,106 shares during the period. Finally, Macquarie Group Ltd. boosted its position in shares of Zebra Technologies Corporation by 2.6% in the first quarter. Macquarie Group Ltd. now owns 610,812 shares of the industrial products company’s stock valued at $55,737,000 after buying an additional 15,573 shares during the period. 94.49% of the stock is owned by hedge funds and other institutional investors.

Shares of Zebra Technologies Corporation (NASDAQ ZBRA) traded up 1.09% during trading on Monday, hitting $97.25. The stock had a trading volume of 782,276 shares. Zebra Technologies Corporation has a 52 week low of $56.20 and a 52 week high of $109.30. The company’s 50 day moving average price is $101.81 and its 200 day moving average price is $94.57. The company’s market capitalization is $5.13 billion.

Zebra Technologies Corporation (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, May 9th. The industrial products company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.30 by $0.07. Zebra Technologies Corporation had a positive return on equity of 37.96% and a negative net margin of 2.98%. The business had revenue of $865 million for the quarter, compared to the consensus estimate of $847.76 million. During the same quarter in the prior year, the business earned $1.01 earnings per share. Zebra Technologies Corporation’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts predict that Zebra Technologies Corporation will post $6.45 earnings per share for the current year.

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ZBRA has been the subject of several recent research reports. ValuEngine cut Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Wells Fargo & Company cut Zebra Technologies Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 10th. Zacks Investment Research cut Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Morgan Stanley cut Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $95.00 to $100.00 in a research report on Wednesday, May 31st. They noted that the move was a valuation call. Finally, BidaskClub cut Zebra Technologies Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Zebra Technologies Corporation presently has a consensus rating of “Hold” and a consensus target price of $94.82.

In related news, SVP Hugh K. Gagnier sold 9,388 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $100.42, for a total value of $942,742.96. Following the transaction, the senior vice president now owns 48,460 shares in the company, valued at $4,866,353.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michael H. Terzich sold 8,721 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $99.15, for a total value of $864,687.15. Following the sale, the senior vice president now owns 30,511 shares in the company, valued at approximately $3,025,165.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,602 shares of company stock worth $2,819,641. 2.50% of the stock is owned by company insiders.

About Zebra Technologies Corporation

Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.

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

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