First Manhattan Co. maintained its position 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 2,500 shares of the industrial products company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Zebra Technologies Corporation were worth $251,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CAPROCK Group Inc. raised its position in shares of Zebra Technologies Corporation by 0.3% in the first quarter. CAPROCK Group Inc. now owns 3,906 shares of the industrial products company’s stock worth $356,000 after buying an additional 10 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in Zebra Technologies Corporation by 3.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,312 shares of the industrial products company’s stock valued at $120,000 after buying an additional 48 shares in the last quarter. Neuburgh Advisers LLC raised its position in Zebra Technologies Corporation by 3.8% in the first quarter. Neuburgh Advisers LLC now owns 1,804 shares of the industrial products company’s stock valued at $165,000 after buying an additional 66 shares in the last quarter. Tyers Asset Management LLC raised its position in Zebra Technologies Corporation by 3.8% in the first quarter. Tyers Asset Management LLC now owns 2,296 shares of the industrial products company’s stock valued at $210,000 after buying an additional 84 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Zebra Technologies Corporation by 0.5% in the first quarter. Envestnet Asset Management Inc. now owns 16,772 shares of the industrial products company’s stock valued at $1,531,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 94.49% of the company’s stock.

Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) opened at 102.50 on Friday. Zebra Technologies Corporation has a 52 week low of $62.91 and a 52 week high of $109.30. The company’s 50-day moving average price is $100.86 and its 200 day moving average price is $95.16. The firm’s market cap is $5.41 billion.

Zebra Technologies Corporation (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $1.51 EPS for the quarter, beating the Zacks’ 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 negative net margin of 1.14% and a positive return on equity of 38.88%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 earnings per share. On average, equities analysts anticipate that Zebra Technologies Corporation will post $6.61 earnings per share for the current year.

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Several research analysts have recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $118.00 price target (up from $107.00) on shares of Zebra Technologies Corporation in a research report on Thursday. Zacks Investment Research upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Wednesday, June 28th. ValuEngine lowered Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Barrington Research raised their price target on Zebra Technologies Corporation from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, May 11th. Finally, BidaskClub lowered Zebra Technologies Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $96.19.

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

About Zebra Technologies Corporation

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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