Zebra Technologies Co. (NASDAQ:ZBRA) Stake Boosted by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 6.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,906 shares of the industrial products company’s stock after purchasing an additional 8,848 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.27% of Zebra Technologies worth $53,648,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Zebra Technologies during the fourth quarter worth about $201,420,000. Raymond James Financial Inc. acquired a new position in Zebra Technologies during the 4th quarter valued at about $140,039,000. FMR LLC grew its position in Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock worth $102,189,000 after purchasing an additional 265,014 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after purchasing an additional 89,765 shares during the period. Finally, Prudential Financial Inc. raised its holdings in shares of Zebra Technologies by 238.2% during the fourth quarter. Prudential Financial Inc. now owns 124,163 shares of the industrial products company’s stock valued at $47,954,000 after buying an additional 87,447 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of Zebra Technologies stock in a transaction on Monday, February 24th. The stock was bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

Shares of ZBRA opened at $280.79 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The company has a market capitalization of $14.43 billion, a price-to-earnings ratio of 27.58 and a beta of 1.68. The business’s 50-day moving average is $332.18 and its 200-day moving average is $365.85. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ZBRA shares. Robert W. Baird decreased their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Morgan Stanley cut 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. Citigroup began coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target on the stock. UBS Group reduced their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Needham & Company LLC cut their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zebra Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Company 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.