Westfield Capital Management Co. LP Boosts Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Westfield Capital Management Co. LP increased its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 22.1% during the first quarter, Holdings Channel reports. The firm owned 172,805 shares of the industrial products company’s stock after acquiring an additional 31,262 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Zebra Technologies were worth $52,090,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Jade Capital Advisors LLC purchased a new position in Zebra Technologies in the 1st quarter worth approximately $3,768,000. Orion Portfolio Solutions LLC raised its holdings in shares of Zebra Technologies by 16.4% during the 1st quarter. Orion Portfolio Solutions LLC now owns 11,500 shares of the industrial products company’s stock worth $3,467,000 after acquiring an additional 1,620 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Zebra Technologies by 17.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60,162 shares of the industrial products company’s stock worth $18,135,000 after acquiring an additional 8,772 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Zebra Technologies by 9.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 58,327 shares of the industrial products company’s stock worth $18,548,000 after acquiring an additional 4,929 shares in the last quarter. Finally, Hudson Value Partners LLC raised its holdings in shares of Zebra Technologies by 12.3% during the 1st quarter. Hudson Value Partners LLC now owns 14,284 shares of the industrial products company’s stock worth $4,306,000 after acquiring an additional 1,570 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zebra Technologies

In other news, insider Michael Cho sold 1,657 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the transaction, the insider now owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is currently owned by corporate insiders.

Zebra Technologies Trading Down 0.6 %

Zebra Technologies stock traded down $1.92 during mid-day trading on Friday, hitting $321.45. The company’s stock had a trading volume of 208,404 shares, compared to its average volume of 305,637. The company has a 50 day moving average of $313.63 and a 200-day moving average of $289.90. The stock has a market cap of $16.53 billion, a PE ratio of 63.78 and a beta of 1.66. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.99. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $337.08.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.13 by $0.71. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. Zebra Technologies’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.59 EPS. On average, research analysts anticipate that Zebra Technologies Co. will post 10.76 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Barclays assumed coverage on Zebra Technologies in a report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price objective on the stock. TD Cowen increased their price target on Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Wolfe Research upgraded Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target on the stock in a report on Monday, April 8th. BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and increased their price target for the company from $258.00 to $305.00 in a report on Thursday, June 13th. Finally, StockNews.com upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $323.36.

Zebra Technologies Company 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.