Handelsbanken Fonder AB Has $16.51 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Handelsbanken Fonder AB boosted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 12.4% during the fourth quarter, HoldingsChannel reports. The fund owned 42,748 shares of the industrial products company’s stock after purchasing an additional 4,729 shares during the quarter. Handelsbanken Fonder AB’s holdings in Zebra Technologies were worth $16,510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new position in shares of Zebra Technologies during the third quarter worth $247,000. Point72 DIFC Ltd acquired a new position in Zebra Technologies during the 3rd quarter worth about $2,113,000. Versor Investments LP bought a new stake in shares of Zebra Technologies in the 3rd quarter valued at about $1,752,000. LVM Capital Management Ltd. MI acquired a new stake in shares of Zebra Technologies in the fourth quarter valued at about $643,000. Finally, Cerity Partners LLC raised its position in shares of Zebra Technologies by 45.3% during the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after acquiring an additional 3,328 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Down 3.1 %

Shares of NASDAQ:ZBRA opened at $311.05 on Friday. The firm has a market cap of $16.04 billion, a P/E ratio of 30.56 and a beta of 1.63. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The business’s 50 day simple moving average is $383.89 and its two-hundred day simple moving average is $373.03. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. As a group, research analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ZBRA shares. Needham & Company LLC decreased their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. UBS Group decreased their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday. Morgan Stanley lowered their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. TD Cowen upped their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Zebra Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $381.42.

Zebra Technologies Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.