Trade Report: Today, Neuberger Berman Group LLC decreases its position in Zebra Technologies Corp. (ZBRA)

Today, Neuberger Berman Group LLC decreases its position in Zebra Technologies Corp. (ZBRA)

Neuberger Berman Group LLC reduced its stake in shares of Zebra Technologies Corp. (NASDAQ:ZBRA) by 18.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,776,050 shares of the company’s stock after selling 413,073 shares during the period. Neuberger Berman Group LLC owned approximately 3.37% of Zebra Technologies Corp. worth $123,631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Palo Capital Inc. boosted its position in Zebra Technologies Corp. by 85.0% in the second quarter. Palo Capital Inc. now owns 14,914 shares of the company’s stock valued at $748,000 after buying an additional 6,854 shares in the last quarter. LaSalle Street Capital Management LLC boosted its position in Zebra Technologies Corp. by 3.5% in the second quarter. LaSalle Street Capital Management LLC now owns 4,507 shares of the company’s stock valued at $226,000 after buying an additional 152 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Zebra Technologies Corp. during the second quarter valued at about $276,000. Leavell Investment Management Inc. boosted its position in Zebra Technologies Corp. by 72.0% in the second quarter. Leavell Investment Management Inc. now owns 7,740 shares of the company’s stock valued at $388,000 after buying an additional 3,240 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its position in Zebra Technologies Corp. by 6.9% in the second quarter. Capstone Asset Management Co. now owns 5,927 shares of the company’s stock valued at $297,000 after buying an additional 380 shares in the last quarter. 96.32% of the stock is currently owned by institutional investors.

Zebra Technologies Corp. (NASDAQ:ZBRA) remained flat at $79.10 during trading on Friday. 183,913 shares of the company’s stock traded hands. The stock’s market cap is $4.18 billion. Zebra Technologies Corp. has a 52 week low of $46.13 and a 52 week high of $81.00. The stock’s 50 day moving average price is $68.24 and its 200 day moving average price is $61.25.

Zebra Technologies Corp. (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, November 15th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.02. Zebra Technologies Corp. had a negative net margin of 4.68% and a positive return on equity of 30.70%. The business had revenue of $904 million for the quarter. During the same quarter in the previous year, the business earned $1.39 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. Equities analysts expect that Zebra Technologies Corp. will post $5.47 earnings per share for the current fiscal year.

Several research firms have issued reports on ZBRA. Vetr cut Zebra Technologies Corp. from a “sell” rating to a “strong sell” rating and set a $59.55 price target on the stock. in a report on Monday, August 22nd. Imperial Capital upped their price target on Zebra Technologies Corp. from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, October 10th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Zebra Technologies Corp. in a report on Tuesday, September 20th. Avondale Partners raised Zebra Technologies Corp. from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 15th. Finally, Zacks Investment Research downgraded shares of Zebra Technologies Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Zebra Technologies Corp. presently has a consensus rating of “Buy” and an average target price of $72.94.

In related news, SVP Jim L. Kaput acquired 3,457 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were acquired at an average cost of $68.22 per share, for a total transaction of $235,836.54. Following the completion of the acquisition, the senior vice president now directly owns 25,103 shares in the company, valued at approximately $1,712,526.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Cho sold 1,850 shares of the firm’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $68.56, for a total transaction of $126,836.00. Following the sale, the senior vice president now owns 11,004 shares in the company, valued at $754,434.24. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

Zebra Technologies Corp. Company Profile

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