Trade Report: The Zebra Technologies Corp. (ZBRA) Stake Raised by UBS Asset Management Americas Inc.

The Zebra Technologies Corp. (ZBRA) Stake Raised by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. boosted its stake in Zebra Technologies Corp. (NASDAQ:ZBRA) by 15.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,755 shares of the company’s stock after buying an additional 5,673 shares during the period. UBS Asset Management Americas Inc. owned 0.08% of Zebra Technologies Corp. worth $2,143,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brookside Capital Management LLC raised its position in Zebra Technologies Corp. by 13.4% in the first quarter. Brookside Capital Management LLC now owns 1,758,765 shares of the company’s stock valued at $121,355,000 after buying an additional 207,896 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Zebra Technologies Corp. by 88.1% in the first quarter. Envestnet Asset Management Inc. now owns 22,683 shares of the company’s stock worth $1,565,000 after buying an additional 10,626 shares during the last quarter. Kennedy Capital Management Inc. raised its position in shares of Zebra Technologies Corp. by 74.3% in the first quarter. Kennedy Capital Management Inc. now owns 272,205 shares of the company’s stock worth $18,782,000 after buying an additional 116,073 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Zebra Technologies Corp. by 156.9% in the first quarter. Wellington Management Group LLP now owns 572,754 shares of the company’s stock worth $39,520,000 after buying an additional 349,844 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Zebra Technologies Corp. by 4.0% in the first quarter. Geode Capital Management LLC now owns 327,156 shares of the company’s stock worth $22,573,000 after buying an additional 12,505 shares during the last quarter.

Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) traded down 0.49% during trading on Friday, reaching $68.72. 287,344 shares of the company were exchanged. Zebra Technologies Corp. has a one year low of $46.13 and a one year high of $83.02. The company’s market capitalization is $3.63 billion. The firm’s 50 day moving average price is $68.95 and its 200 day moving average price is $60.57.

Zebra Technologies Corp. (NASDAQ:ZBRA) last released its earnings results on Tuesday, August 9th. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.28. The business earned $879 million during the quarter, compared to the consensus estimate of $869.19 million. Zebra Technologies Corp. had a negative net margin of 3.16% and a positive return on equity of 29.18%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 EPS. Equities research analysts forecast that Zebra Technologies Corp. will post $5.46 earnings per share for the current fiscal year.

ZBRA has been the topic of a number of research reports. Vetr lowered shares of Zebra Technologies Corp. from a “strong-buy” rating to a “buy” rating and set a $63.50 price target on the stock. in a research note on Monday, June 20th. Zacks Investment Research raised shares of Zebra Technologies Corp. from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Saturday, August 13th. Credit Agricole SA initiated coverage on shares of Zebra Technologies Corp. in a research note on Wednesday, August 3rd. They issued a “buy” rating and a $74.00 price target on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Zebra Technologies Corp. in a research note on Tuesday, September 20th. Finally, Wellington Shields raised shares of Zebra Technologies Corp. from a “hold” rating to a “gradually accumulate” rating in a research note on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Zebra Technologies Corp. currently has an average rating of “Buy” and an average price target of $75.06.

In other Zebra Technologies Corp. news, SVP Michael H. Terzich sold 8,819 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $68.07, for a total transaction of $600,309.33. Following the completion of the sale, the senior vice president now owns 40,834 shares of the company’s stock, valued at approximately $2,779,570.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael Cho sold 1,850 shares of the stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $68.56, for a total transaction of $126,836.00. Following the sale, the senior vice president now directly owns 11,004 shares of the company’s stock, valued at approximately $754,434.24. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Zebra Technologies Corp. Company Profile

Zebra Technologies Corporation offers enterprise asset intelligence products and services. The Company’s products and services allow customers to manage their assets, transactions and people of their organization. It designs, manufactures and sells a range of products, including enterprise mobile computers; advanced data capture devices; wireless local area network (WLAN) products; real-time location systems; related supplies, and utilities, frameworks and application software.

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