Texas Permanent School Fund Buys 240 Shares of Zebra Technologies Corporation (ZBRA)

Texas Permanent School Fund increased its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,523 shares of the industrial products company’s stock after buying an additional 240 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Zebra Technologies Corporation worth $3,872,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CAPROCK Group Inc. raised its position in Zebra Technologies Corporation by 0.3% in the first quarter. CAPROCK Group Inc. now owns 3,906 shares of the industrial products company’s stock worth $356,000 after buying an additional 10 shares during the period. Meadow Creek Investment Management LLC raised its position in Zebra Technologies Corporation by 3.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,312 shares of the industrial products company’s stock worth $120,000 after buying an additional 48 shares during the period. Neuburgh Advisers LLC raised its position in Zebra Technologies Corporation by 3.8% in the first quarter. Neuburgh Advisers LLC now owns 1,804 shares of the industrial products company’s stock worth $165,000 after buying an additional 66 shares during the period. Tyers Asset Management LLC raised its position in Zebra Technologies Corporation by 3.8% in the first quarter. Tyers Asset Management LLC now owns 2,296 shares of the industrial products company’s stock worth $210,000 after buying an additional 84 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Zebra Technologies Corporation by 0.5% in the first quarter. Envestnet Asset Management Inc. now owns 16,772 shares of the industrial products company’s stock worth $1,531,000 after buying an additional 90 shares during the last quarter. 94.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of Zebra Technologies Corporation (NASDAQ ZBRA) traded up 0.97% during midday trading on Friday, reaching $103.49. 365,068 shares of the company’s stock traded hands. Zebra Technologies Corporation has a one year low of $62.91 and a one year high of $109.30. The stock’s 50-day moving average price is $100.82 and its 200 day moving average price is $95.29. The firm’s market capitalization is $5.50 billion.

Zebra Technologies Corporation (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.17. The business had revenue of $897 million during the quarter, compared to analysts’ expectations of $876.90 million. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 earnings per share. On average, equities research analysts expect that Zebra Technologies Corporation will post $6.61 earnings per share for the current fiscal year.

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A number of research firms recently weighed in on ZBRA. Needham & Company LLC reissued a “buy” rating and set a $118.00 price target (up from $107.00) on shares of Zebra Technologies Corporation in a research report on Thursday. BidaskClub downgraded shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research downgraded shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. ValuEngine upgraded shares of Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Barrington Research raised their price objective on shares of Zebra Technologies Corporation from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, May 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Zebra Technologies Corporation has a consensus rating of “Hold” and a consensus target price of $96.19.

In other news, SVP Hugh K. Gagnier sold 9,388 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $100.42, for a total value of $942,742.96. Following the completion of the sale, the senior vice president now directly owns 48,460 shares in the company, valued at $4,866,353.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael Cho sold 1,572 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $107.76, for a total value of $169,398.72. Following the sale, the senior vice president now owns 10,426 shares of the company’s stock, valued at $1,123,505.76. The disclosure for this sale can be found here. Insiders sold 18,881 shares of company stock valued at $1,954,954 over the last 90 days. Company insiders own 2.50% of the company’s stock.

About Zebra Technologies Corporation

Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.

Institutional Ownership by Quarter for Zebra Technologies Corporation (NASDAQ:ZBRA)

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