Riverhead Capital Management LLC grew its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA) by 248.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,405 shares of the industrial products company’s stock after acquiring an additional 6,705 shares during the period. Riverhead Capital Management LLC’s holdings in Zebra Technologies Corporation were worth $945,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in ZBRA. Penserra Capital Management LLC purchased a new position in shares of Zebra Technologies Corporation in the second quarter valued at about $100,000. Meadow Creek Investment Management LLC lifted its position in shares of Zebra Technologies Corporation by 3.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,312 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 48 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Zebra Technologies Corporation in the first quarter valued at about $140,000. Neuburgh Advisers LLC lifted its position in shares of Zebra Technologies Corporation by 3.8% in the first quarter. Neuburgh Advisers LLC now owns 1,804 shares of the industrial products company’s stock valued at $165,000 after acquiring an additional 66 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Zebra Technologies Corporation by 3.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock valued at $189,000 after acquiring an additional 71 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

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Several equities analysts have recently commented on the company. Barrington Research restated an “outperform” rating and issued a $125.00 price objective (up from $110.00) on shares of Zebra Technologies Corporation in a research report on Tuesday, August 15th. Needham & Company LLC restated a “buy” rating and issued a $118.00 price objective (up from $107.00) on shares of Zebra Technologies Corporation in a research report on Thursday, August 10th. BidaskClub downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, ValuEngine upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Zebra Technologies Corporation currently has a consensus rating of “Hold” and a consensus price target of $103.57.

Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) opened at 105.82 on Monday. The company has a 50 day moving average price of $102.36 and a 200-day moving average price of $98.31. Zebra Technologies Corporation has a 52-week low of $62.91 and a 52-week high of $109.30. The stock’s market capitalization is $5.62 billion.

Zebra Technologies Corporation (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.17. The firm had revenue of $897.00 million for the quarter, compared to analyst estimates of $876.90 million. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. Zebra Technologies Corporation’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $1.34 EPS. On average, analysts predict that Zebra Technologies Corporation will post $6.67 earnings per share for the current fiscal year.

In related news, CEO Anders Gustafsson sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $106.04, for a total value of $2,651,000.00. Following the transaction, the chief executive officer now directly owns 295,116 shares of the company’s stock, valued at approximately $31,294,100.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Hugh K. Gagnier sold 20,682 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $106.42, for a total transaction of $2,200,978.44. Following the completion of the transaction, the senior vice president now directly owns 39,072 shares in the company, valued at $4,158,042.24. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Zebra Technologies Corporation Company Profile

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.

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

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