Neuberger Berman Group LLC Cuts Position in Zebra Technologies Corp. (ZBRA)
Neuberger Berman Group LLC trimmed its position in Zebra Technologies Corp. (NASDAQ:ZBRA) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,180,895 shares of the industrial products company’s stock after selling 34,179 shares during the period. Neuberger Berman Group LLC owned 2.22% of Zebra Technologies worth $128,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new position in shares of Zebra Technologies in the 2nd quarter valued at $100,000. Fieldpoint Private Securities LLC acquired a new position in shares of Zebra Technologies in the 2nd quarter valued at $136,000. Advisor Group Inc. increased its position in shares of Zebra Technologies by 0.8% in the 2nd quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock valued at $161,000 after acquiring an additional 13 shares during the period. Zions Bancorporation acquired a new position in shares of Zebra Technologies in the 3rd quarter valued at $180,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Zebra Technologies by 3.9% in the 2nd 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 during the period. 89.68% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Zebra Technologies Corp. (NASDAQ ZBRA) opened at $104.14 on Friday. The firm has a market capitalization of $5,660.90, a PE ratio of 17.11, a price-to-earnings-growth ratio of 2.22 and a beta of 1.59. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.74 and a current ratio of 1.22. Zebra Technologies Corp. has a 12-month low of $81.02 and a 12-month high of $117.44.
In other news, SVP Michael Cho sold 1,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $110.15, for a total transaction of $110,150.00. Following the sale, the senior vice president now directly owns 10,426 shares of the company’s stock, valued at approximately $1,148,423.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Frank Blaise Modruson bought 1,540 shares of the stock in a transaction dated Thursday, November 9th. The shares were purchased at an average cost of $103.88 per share, for a total transaction of $159,975.20. Following the completion of the purchase, the director now owns 12,556 shares in the company, valued at $1,304,317.28. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.
ZBRA has been the topic of several analyst reports. Zacks Investment Research raised Zebra Technologies from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Thursday, October 12th. Robert W. Baird reaffirmed a “buy” rating and set a $125.00 price target on shares of Zebra Technologies in a research report on Friday, November 10th. Wellington Shields raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. Northcoast Research raised Zebra Technologies from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Finally, Imperial Capital raised Zebra Technologies from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $95.00 to $120.00 in a research report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Zebra Technologies currently has an average rating of “Buy” and an average target price of $114.88.
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Zebra Technologies 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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