JPMorgan Chase & Co. increased its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 124.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,463 shares of the industrial products company’s stock after purchasing an additional 47,399 shares during the period. JPMorgan Chase & Co. owned 0.16% of Zebra Technologies Corporation worth $8,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of Tennessee Treasury Department bought a new position in shares of Zebra Technologies Corporation during the second quarter valued at approximately $7,036,000. Swiss National Bank boosted its stake in shares of Zebra Technologies Corporation by 1.0% during the second quarter. Swiss National Bank now owns 88,146 shares of the industrial products company’s stock valued at $8,860,000 after purchasing an additional 900 shares in the last quarter. Chicago Equity Partners LLC bought a new position in shares of Zebra Technologies Corporation during the second quarter valued at approximately $3,580,000. Principal Financial Group Inc. boosted its stake in shares of Zebra Technologies Corporation by 4.2% during the second quarter. Principal Financial Group Inc. now owns 225,896 shares of the industrial products company’s stock valued at $22,707,000 after purchasing an additional 9,039 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Zebra Technologies Corporation by 3.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock valued at $189,000 after purchasing an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

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

A number of equities analysts have recently issued reports on ZBRA shares. Barrington Research reiterated an “outperform” rating and set a $125.00 price objective (up from $110.00) on shares of Zebra Technologies Corporation in a research note on Tuesday, August 15th. Zacks Investment Research upgraded shares of Zebra Technologies Corporation from a “sell” rating to a “buy” rating and set a $119.00 price objective on the stock in a research note on Friday, June 9th. BidaskClub downgraded shares of Zebra Technologies Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $118.00 price objective (up from $107.00) on shares of Zebra Technologies Corporation in a research note on Thursday, August 10th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $103.57.

Shares of Zebra Technologies Corporation (ZBRA) opened at 108.58 on Friday. The company’s 50-day moving average is $102.69 and its 200-day moving average is $98.69. Zebra Technologies Corporation has a 52-week low of $62.91 and a 52-week high of $109.68. The stock’s market cap is $5.77 billion.

Zebra Technologies Corporation (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.34 by $0.17. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. The company had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $876.90 million. During the same quarter in the previous year, the business posted $1.34 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. Equities analysts anticipate that Zebra Technologies Corporation will post $6.67 EPS for the current year.

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.

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

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