Connable Office Inc. held its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,735 shares of the industrial products company’s stock at the end of the second quarter. Connable Office Inc.’s holdings in Zebra Technologies Corporation were worth $275,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Zebra Technologies Corporation by 15,105.8% in the first quarter. BlackRock Inc. now owns 4,142,827 shares of the industrial products company’s stock worth $378,032,000 after buying an additional 4,115,582 shares during the period. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Zebra Technologies Corporation during the first quarter worth $41,048,000. Marshall Wace North America L.P. purchased a new stake in shares of Zebra Technologies Corporation during the first quarter worth $41,048,000. Renaissance Technologies LLC raised its stake in shares of Zebra Technologies Corporation by 483.6% in the first quarter. Renaissance Technologies LLC now owns 272,731 shares of the industrial products company’s stock worth $24,887,000 after buying an additional 226,000 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Zebra Technologies Corporation by 5.4% in the first quarter. Vanguard Group Inc. now owns 4,116,659 shares of the industrial products company’s stock worth $375,645,000 after buying an additional 210,112 shares during the period. 94.49% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Corporation (NASDAQ ZBRA) opened at 102.50 on Friday. The stock’s market capitalization is $5.41 billion. The stock has a 50 day moving average price of $100.86 and a 200-day moving average price of $95.16. Zebra Technologies Corporation has a one year low of $62.91 and a one year high of $109.30.

Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.17. The business had revenue of $897 million for the quarter, compared to analysts’ expectations of $876.90 million. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $1.34 earnings per share. Analysts anticipate that Zebra Technologies Corporation will post $6.61 earnings per share for the current year.

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ZBRA has been the subject of a number of research analyst reports. Zacks Investment Research lowered Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Morgan Stanley lowered Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $95.00 to $100.00 in a research report on Wednesday, May 31st. They noted that the move was a valuation call. Wells Fargo & Company lowered Zebra Technologies Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 10th. ValuEngine lowered Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $107.00 target price on shares of Zebra Technologies Corporation in a research report on Monday, May 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $96.19.

In other news, SVP Hugh K. Gagnier sold 9,388 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $100.42, for a total value of $942,742.96. Following the sale, the senior vice president now directly owns 48,460 shares in the company, valued at $4,866,353.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael Cho sold 1,572 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $107.76, for a total value of $169,398.72. Following the completion of the sale, the senior vice president now owns 10,426 shares in the company, valued at $1,123,505.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,881 shares of company stock worth $1,954,954. Insiders own 2.50% of the company’s stock.

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.

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

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