Raymond James & Associates Has $11.41 Million Stake in Zebra Technologies (ZBRA)

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Raymond James & Associates lifted its position in shares of Zebra Technologies (NASDAQ:ZBRA) by 9.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,446 shares of the industrial products company’s stock after purchasing an additional 4,844 shares during the quarter. Raymond James & Associates’ holdings in Zebra Technologies were worth $11,408,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its position in shares of Zebra Technologies by 12.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,508 shares of the industrial products company’s stock valued at $316,000 after buying an additional 166 shares in the last quarter. Shaker Investments LLC OH purchased a new position in shares of Zebra Technologies during the 1st quarter valued at approximately $691,000. Alpine Woods Capital Investors LLC lifted its holdings in Zebra Technologies by 0.4% in the 1st quarter. Alpine Woods Capital Investors LLC now owns 24,528 shares of the industrial products company’s stock valued at $5,139,000 after purchasing an additional 97 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Zebra Technologies in the 1st quarter valued at $773,000. Finally, Carillon Tower Advisers Inc. lifted its holdings in Zebra Technologies by 2.2% in the 1st quarter. Carillon Tower Advisers Inc. now owns 228,625 shares of the industrial products company’s stock valued at $47,904,000 after purchasing an additional 4,975 shares in the last quarter. 89.71% of the stock is currently owned by institutional investors and hedge funds.

In other Zebra Technologies news, Director Richard L. Keyser sold 9,500 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $210.96, for a total value of $2,004,120.00. Following the completion of the sale, the director now directly owns 46,916 shares of the company’s stock, valued at approximately $9,897,399.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anders Gustafsson sold 28,027 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $205.77, for a total value of $5,767,115.79. Following the completion of the sale, the chief executive officer now directly owns 359,830 shares of the company’s stock, valued at $74,042,219.10. The disclosure for this sale can be found here. Insiders sold a total of 68,316 shares of company stock valued at $14,281,072 over the last ninety days. Corporate insiders own 1.77% of the company’s stock.

A number of brokerages have weighed in on ZBRA. Zacks Investment Research lowered Zebra Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, April 19th. Imperial Capital restated an “outperform” rating and issued a $230.00 price objective (up previously from $225.00) on shares of Zebra Technologies in a report on Thursday, May 2nd. BidaskClub lowered Zebra Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Wellington Shields lowered Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a report on Monday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective (up previously from $215.00) on shares of Zebra Technologies in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Zebra Technologies presently has a consensus rating of “Buy” and a consensus price target of $215.75.

Shares of ZBRA stock opened at $175.68 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.55 and a current ratio of 1.00. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 17.17 and a beta of 1.42. Zebra Technologies has a fifty-two week low of $136.16 and a fifty-two week high of $237.15.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.04. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. Zebra Technologies had a return on equity of 45.47% and a net margin of 9.91%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.56 EPS. Sell-side analysts expect that Zebra Technologies will post 11.82 EPS for the current year.

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Zebra Technologies Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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

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