Natixis Acquires 65,479 Shares of Zebra Technologies (ZBRA)
Natixis increased its holdings in Zebra Technologies (NASDAQ:ZBRA) by 111.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,284 shares of the industrial products company’s stock after purchasing an additional 65,479 shares during the period. Natixis owned approximately 0.23% of Zebra Technologies worth $17,804,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. FDx Advisors Inc. purchased a new position in Zebra Technologies in the 1st quarter worth about $249,000. Wells Fargo & Company MN raised its position in Zebra Technologies by 8.7% in the 1st quarter. Wells Fargo & Company MN now owns 708,586 shares of the industrial products company’s stock worth $98,627,000 after buying an additional 56,677 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Zebra Technologies in the 1st quarter worth about $252,000. DekaBank Deutsche Girozentrale purchased a new position in Zebra Technologies in the 1st quarter worth about $177,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Zebra Technologies by 13.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,327 shares of the industrial products company’s stock worth $463,000 after buying an additional 398 shares during the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.
ZBRA has been the subject of a number of recent analyst reports. BidaskClub raised Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 30th. Needham & Company LLC reissued a “buy” rating on shares of Zebra Technologies in a research report on Friday, July 6th. Zacks Investment Research lowered Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 16th. JPMorgan Chase & Co. set a $170.00 target price on Zebra Technologies and gave the stock a “buy” rating in a research report on Monday, August 6th. Finally, Northcoast Research set a $200.00 target price on Zebra Technologies and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Zebra Technologies has an average rating of “Buy” and a consensus target price of $164.00.
NASDAQ ZBRA opened at $170.05 on Tuesday. Zebra Technologies has a 52 week low of $99.59 and a 52 week high of $172.73. The stock has a market cap of $9.01 billion, a PE ratio of 26.57 and a beta of 1.56. The company has a quick ratio of 0.64, a current ratio of 1.09 and a debt-to-equity ratio of 1.78.
Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $2.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.25. Zebra Technologies had a net margin of 4.33% and a return on equity of 49.48%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $990.09 million. During the same quarter in the prior year, the firm earned $1.51 EPS. sell-side analysts forecast that Zebra Technologies will post 9.69 EPS for the current fiscal year.
About Zebra Technologies
With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.
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