State Board of Administration of Florida Retirement System Cuts Position in Zebra Technologies Co. (NASDAQ:ZBRA)

State Board of Administration of Florida Retirement System cut its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 8.4% in the 2nd quarter, Holdings Channel reports. The fund owned 71,003 shares of the industrial products company’s stock after selling 6,487 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Zebra Technologies were worth $37,595,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ZBRA. Credit Agricole S A purchased a new position in Zebra Technologies in the first quarter worth $29,000. Arkadios Wealth Advisors boosted its position in Zebra Technologies by 67.5% during the second quarter. Arkadios Wealth Advisors now owns 67 shares of the industrial products company’s stock valued at $35,000 after buying an additional 27 shares during the period. Berman Capital Advisors LLC boosted its position in Zebra Technologies by 42.6% during the first quarter. Berman Capital Advisors LLC now owns 77 shares of the industrial products company’s stock valued at $37,000 after buying an additional 23 shares during the period. Sandy Spring Bank boosted its position in Zebra Technologies by 153.6% during the second quarter. Sandy Spring Bank now owns 71 shares of the industrial products company’s stock valued at $38,000 after buying an additional 43 shares during the period. Finally, Atlas Capital Advisors LLC boosted its position in Zebra Technologies by 154.5% during the first quarter. Atlas Capital Advisors LLC now owns 84 shares of the industrial products company’s stock valued at $41,000 after buying an additional 51 shares during the period. Institutional investors own 84.58% of the company’s stock.

In other news, CFO Nathan Andrew Winters sold 673 shares of Zebra Technologies stock in a transaction on Friday, August 6th. The shares were sold at an average price of $562.00, for a total transaction of $378,226.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anders Gustafsson sold 6,500 shares of the firm’s stock in a transaction on Monday, August 30th. The shares were sold at an average price of $590.04, for a total transaction of $3,835,260.00. The disclosure for this sale can be found here. Insiders have sold 10,081 shares of company stock valued at $5,886,896 in the last ninety days. Insiders own 1.11% of the company’s stock.

ZBRA stock opened at $576.79 on Wednesday. Zebra Technologies Co. has a 1 year low of $246.83 and a 1 year high of $594.77. The company has a market cap of $30.80 billion, a P/E ratio of 40.76 and a beta of 1.62. The firm has a 50-day moving average of $560.57 and a 200 day moving average of $517.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.98 and a quick ratio of 0.67.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, August 3rd. The industrial products company reported $4.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.12 by $0.45. Zebra Technologies had a net margin of 14.76% and a return on equity of 37.60%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm earned $2.41 earnings per share. Zebra Technologies’s revenue was up 44.4% on a year-over-year basis. On average, equities research analysts expect that Zebra Technologies Co. will post 16.1 earnings per share for the current fiscal year.

ZBRA has been the subject of several analyst reports. Robert W. Baird upped their price target on shares of Zebra Technologies from $490.00 to $560.00 and gave the company an “outperform” rating in a research report on Wednesday, August 4th. Needham & Company LLC increased their target price on shares of Zebra Technologies from $580.00 to $600.00 and gave the stock a “buy” rating in a report on Wednesday, August 4th. Finally, Stephens increased their target price on shares of Zebra Technologies from $600.00 to $700.00 and gave the stock an “overweight” rating in a report on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Zebra Technologies presently has a consensus rating of “Buy” and a consensus price target of $528.57.

Zebra Technologies Profile

Zebra Technologies Corp. engages in designing, manufacturing and selling of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices (RFID) readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.

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

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