New York State Teachers Retirement System Has $15.88 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

New York State Teachers Retirement System reduced its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 6.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,875 shares of the industrial products company’s stock after selling 3,106 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Zebra Technologies worth $15,877,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zebra Technologies in the 2nd quarter worth approximately $27,000. Farmers & Merchants Investments Inc. boosted its position in Zebra Technologies by 185.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 63 shares during the last quarter. Concord Wealth Partners acquired a new stake in Zebra Technologies during the 3rd quarter worth about $30,000. Transcendent Capital Group LLC bought a new position in shares of Zebra Technologies in the 2nd quarter worth about $32,000. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 33 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of several research analyst reports. Morgan Stanley upped their target price on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday. UBS Group raised their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird boosted their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday. Vertical Research began coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price target for the company. Finally, StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Insider Transactions at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $384.64 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 1.37. The firm’s 50-day simple moving average is $359.28 and its 200 day simple moving average is $330.66. The stock has a market cap of $19.84 billion, a price-to-earnings ratio of 52.33 and a beta of 1.66. Zebra Technologies Co. has a fifty-two week low of $198.19 and a fifty-two week high of $394.57.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Zebra Technologies’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. As a group, research analysts anticipate that Zebra Technologies Co. will post 11.09 earnings per share for the current fiscal year.

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.