Stevens Capital Management LP trimmed its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA) by 70.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,940 shares of the industrial products company’s stock after selling 30,463 shares during the period. Stevens Capital Management LP’s holdings in Zebra Technologies Corporation were worth $1,301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ZBRA. Penserra Capital Management LLC acquired a new stake in shares of Zebra Technologies Corporation in the second quarter valued at about $100,000. Meadow Creek Investment Management LLC raised its position in shares of 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 during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Zebra Technologies Corporation in the first quarter valued at about $140,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Zebra Technologies Corporation by 3.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock valued at $189,000 after buying an additional 71 shares during the last quarter. Finally, 1st Global Advisors Inc. acquired a new stake in shares of Zebra Technologies Corporation in the first quarter valued at about $209,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Shares of Zebra Technologies Corporation (ZBRA) opened at 108.91 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 is $102.69 and its 200 day moving average is $98.69. The firm’s market capitalization is $5.78 billion.

Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.17. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. The firm had revenue of $897.00 million during the quarter, compared to the consensus estimate of $876.90 million. During the same quarter in the previous year, the company posted $1.34 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities analysts expect that Zebra Technologies Corporation will post $6.67 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on ZBRA shares. Morgan Stanley cut shares of Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and increased 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. ValuEngine upgraded shares of Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Barrington Research reiterated an “outperform” rating and issued a $125.00 target price (up from $110.00) on shares of Zebra Technologies Corporation in a research report on Tuesday, August 15th. Zacks Investment Research cut shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, BidaskClub cut shares of Zebra Technologies Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $103.57.

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In related news, CEO Anders Gustafsson sold 25,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $106.04, for a total value of $2,651,000.00. Following the completion of the transaction, the chief executive officer now owns 295,116 shares of the company’s stock, valued at approximately $31,294,100.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Hugh K. Gagnier sold 20,682 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $106.42, for a total transaction of $2,200,978.44. Following the completion of the transaction, the senior vice president now directly owns 39,072 shares of the company’s stock, valued at approximately $4,158,042.24. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Zebra Technologies Corporation 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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