Gotham Asset Management LLC Sells 22,655 Shares of Zebra Technologies Co. (NASDAQ:ZBRA) (2024)

Gotham Asset Management LLC trimmed its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA – Free Report) by 88.9% in the third quarter, HoldingsChannel reports. The firm owned 2,816 shares of the industrial products company’s stock after selling 22,655 shares during the quarter. Gotham Asset Management LLC’s holdings in Zebra Technologies were worth $666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of Zebra Technologies by 13.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,815 shares of the industrial products company’s stock valued at $1,165,000 after acquiring an additional 341 shares during the period. Panagora Asset Management Inc. boosted its position in shares of Zebra Technologies by 102.2% in the first quarter. Panagora Asset Management Inc. now owns 2,230 shares of the industrial products company’s stock valued at $923,000 after acquiring an additional 1,127 shares during the period. Raymond James Trust N.A. boosted its position in shares of Zebra Technologies by 45.0% in the first quarter. Raymond James Trust N.A. now owns 947 shares of the industrial products company’s stock valued at $392,000 after acquiring an additional 294 shares during the period. Sei Investments Co. boosted its position in shares of Zebra Technologies by 28.9% in the first quarter. Sei Investments Co. now owns 27,317 shares of the industrial products company’s stock valued at $11,251,000 after acquiring an additional 6,119 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in Zebra Technologies by 97.4% during the first quarter. Canada Pension Plan Investment Board now owns 300 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 148 shares during the period. 85.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the sale, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $267.00.

Get Our Latest Stock Report on Zebra Technologies

Zebra Technologies Stock Down 2.1 %

Shares of NASDAQ ZBRA opened at $282.59 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.54 and a debt-to-equity ratio of 0.67. The company has a market cap of $14.52 billion, a price-to-earnings ratio of 49.49 and a beta of 1.78. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $320.55. The stock has a 50-day moving average price of $261.44 and a two-hundred day moving average price of $245.31.

Zebra Technologies (NASDAQ:ZBRA – Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The company’s revenue for the quarter was down 32.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.43 EPS. As a group, analysts forecast that Zebra Technologies Co. will post 9.85 earnings per share for the current fiscal year.

Zebra Technologies Company Profile

(Free Report)

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.

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