Gamco Investors INC. ET AL trimmed its holdings in shares of Zebra Technologies (NASDAQ:ZBRA) by 43.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,884 shares of the industrial products company’s stock after selling 3,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Zebra Technologies were worth $687,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp raised its position in Zebra Technologies by 5.6% in the 2nd quarter. Northern Trust Corp now owns 440,781 shares of the industrial products company’s stock worth $63,142,000 after purchasing an additional 23,324 shares during the period. Boyd Watterson Asset Management LLC OH raised its position in Zebra Technologies by 28.6% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 3,428 shares of the industrial products company’s stock worth $606,000 after purchasing an additional 763 shares during the period. Marietta Investment Partners LLC purchased a new stake in Zebra Technologies in the 2nd quarter worth about $2,564,000. Meritage Portfolio Management raised its position in Zebra Technologies by 68.9% in the 3rd quarter. Meritage Portfolio Management now owns 120,862 shares of the industrial products company’s stock worth $21,372,000 after purchasing an additional 49,310 shares during the period. Finally, Wells Fargo & Company MN raised its position in Zebra Technologies by 65.0% in the 3rd quarter. Wells Fargo & Company MN now owns 1,526,432 shares of the industrial products company’s stock worth $269,919,000 after purchasing an additional 601,225 shares during the period. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Shares of ZBRA stock opened at $178.91 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.64 and a current ratio of 1.09. The stock has a market capitalization of $9.53 billion, a price-to-earnings ratio of 27.95 and a beta of 1.55. Zebra Technologies has a one year low of $101.49 and a one year high of $184.75.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, November 6th. The industrial products company reported $2.88 EPS for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.28. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Zebra Technologies had a net margin of 7.55% and a return on equity of 49.81%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.87 EPS. On average, equities analysts forecast that Zebra Technologies will post 9.62 EPS for the current fiscal year.

In other news, SVP Hugh K. Gagnier sold 8,409 shares of the stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $168.89, for a total transaction of $1,420,196.01. Following the transaction, the senior vice president now directly owns 14,682 shares in the company, valued at $2,479,642.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Joachim Heel sold 2,480 shares of the stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $182.38, for a total transaction of $452,302.40. Following the transaction, the senior vice president now owns 24,412 shares in the company, valued at $4,452,260.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,637 shares of company stock worth $10,256,352. Insiders own 2.30% of the company’s stock.

ZBRA has been the topic of a number of research analyst reports. Needham & Company LLC upped their target price on shares of Zebra Technologies from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Northcoast Research set a $200.00 target price on shares of Zebra Technologies and gave the stock a “buy” rating in a research note on Tuesday, August 7th. JPMorgan Chase & Co. set a $170.00 target price on shares of Zebra Technologies and gave the stock a “buy” rating in a research note on Monday, August 6th. BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 14th. Finally, Morgan Stanley upped their target price on shares of Zebra Technologies from $135.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $172.44.

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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.

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

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