Cohen & Steers Inc. cut its holdings in Zebra Technologies (NASDAQ:ZBRA) by 28.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,110 shares of the industrial products company’s stock after selling 12,104 shares during the period. Cohen & Steers Inc.’s holdings in Zebra Technologies were worth $4,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of ZBRA. Robeco Institutional Asset Management B.V. acquired a new stake in Zebra Technologies in the third quarter worth $1,406,000. US Bancorp DE boosted its stake in Zebra Technologies by 43.9% during the third quarter. US Bancorp DE now owns 8,213 shares of the industrial products company’s stock valued at $1,452,000 after buying an additional 2,507 shares in the last quarter. Stone Ridge Asset Management LLC boosted its stake in Zebra Technologies by 31.0% during the third quarter. Stone Ridge Asset Management LLC now owns 5,460 shares of the industrial products company’s stock valued at $965,000 after buying an additional 1,292 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Zebra Technologies by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 119,249 shares of the industrial products company’s stock valued at $21,086,000 after buying an additional 17,432 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in Zebra Technologies by 6.6% during the third quarter. Prudential Financial Inc. now owns 328,644 shares of the industrial products company’s stock valued at $58,114,000 after buying an additional 20,365 shares in the last quarter. 86.68% of the stock is owned by hedge funds and other institutional investors.

Shares of ZBRA stock opened at $212.67 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.89 and a debt-to-equity ratio of 1.07. Zebra Technologies has a fifty-two week low of $130.79 and a fifty-two week high of $213.17. The stock has a market cap of $11.35 billion, a P/E ratio of 20.79 and a beta of 1.45.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 14th. The industrial products company reported $3.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.26. Zebra Technologies had a return on equity of 48.26% and a net margin of 9.98%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the company posted $2.33 EPS. Zebra Technologies’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, sell-side analysts predict that Zebra Technologies will post 11.73 EPS for the current fiscal year.

In related news, Director Michael A. Smith sold 13,310 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $201.91, for a total value of $2,687,422.10. Following the completion of the transaction, the director now owns 60,929 shares in the company, valued at approximately $12,302,174.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anders Gustafsson sold 24,121 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $212.18, for a total value of $5,117,993.78. Following the completion of the transaction, the chief executive officer now owns 331,803 shares of the company’s stock, valued at approximately $70,401,960.54. The disclosure for this sale can be found here. Insiders sold a total of 111,215 shares of company stock valued at $22,939,160 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.

Several research analysts recently weighed in on ZBRA shares. Wellington Shields raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, December 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $215.00 target price (up previously from $192.00) on shares of Zebra Technologies in a research note on Friday, February 15th. They noted that the move was a valuation call. Imperial Capital reaffirmed an “outperform” rating and set a $225.00 target price (up previously from $195.00) on shares of Zebra Technologies in a research note on Thursday, February 21st. BidaskClub raised Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 17th. Finally, ValuEngine cut Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $209.38.

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Zebra Technologies Company Profile

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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