Gotham Asset Management LLC cut its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA) by 33.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,763 shares of the industrial products company’s stock after selling 51,234 shares during the period. Gotham Asset Management LLC owned approximately 0.19% of Zebra Technologies Corporation worth $10,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. Advisor Group Inc. raised its position in shares of Zebra Technologies Corporation by 0.8% in the 2nd quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 13 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Zebra Technologies Corporation by 3.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock worth $189,000 after acquiring an additional 71 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Zebra Technologies Corporation by 2.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,276 shares of the industrial products company’s stock worth $430,000 after acquiring an additional 92 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Zebra Technologies Corporation by 2.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,056 shares of the industrial products company’s stock worth $554,000 after acquiring an additional 116 shares in the last quarter. Finally, World Asset Management Inc raised its position in shares of Zebra Technologies Corporation by 5.1% in the 2nd quarter. World Asset Management Inc now owns 3,821 shares of the industrial products company’s stock worth $384,000 after acquiring an additional 187 shares in the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Shares of Zebra Technologies Corporation (NASDAQ ZBRA) traded down 0.15% during mid-day trading on Monday, hitting $110.59. The stock had a trading volume of 14,033 shares. The stock’s 50-day moving average is $105.29 and its 200 day moving average is $100.36. The firm’s market capitalization is $5.87 billion. Zebra Technologies Corporation has a 1-year low of $62.91 and a 1-year high of $112.53.

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 Zacks’ 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 business had revenue of $897.00 million during the quarter, compared to the consensus estimate of $876.90 million. During the same quarter last year, the firm earned $1.34 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts predict that Zebra Technologies Corporation will post $6.67 EPS for the current fiscal year.

Several research firms have recently weighed in on ZBRA. Needham & Company LLC reissued a “buy” rating and issued a $118.00 price objective (up from $107.00) on shares of Zebra Technologies Corporation in a research report on Thursday, August 10th. Zacks Investment Research downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. BidaskClub downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Barrington Research restated an “outperform” rating and issued a $125.00 target price (up from $110.00) on shares of Zebra Technologies Corporation in a research note on Tuesday, August 15th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Zebra Technologies Corporation currently has an average rating of “Hold” and a consensus target price of $101.17.

In other news, SVP Hugh K. Gagnier sold 20,682 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now owns 39,072 shares in the company, valued at $4,158,042.24. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Anders Gustafsson sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $106.04, for a total transaction of $2,651,000.00. Following the sale, the chief executive officer now owns 295,116 shares in the company, valued at approximately $31,294,100.64. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

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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.

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

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