Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp decreased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,728 shares of the industrial products company’s stock after selling 396 shares during the period. Peapack Gladstone Financial Corp’s holdings in Zebra Technologies were worth $2,862,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZBRA. Sequoia Financial Advisors LLC bought a new stake in Zebra Technologies in the third quarter worth about $247,000. Point72 DIFC Ltd bought a new stake in shares of Zebra Technologies in the 3rd quarter worth approximately $2,113,000. Raymond James & Associates lifted its stake in Zebra Technologies by 2.5% during the second quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company’s stock valued at $60,747,000 after purchasing an additional 4,750 shares during the last quarter. Versor Investments LP acquired a new stake in Zebra Technologies during the third quarter valued at approximately $1,752,000. Finally, Cerity Partners LLC boosted its holdings in Zebra Technologies by 45.3% during the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after buying an additional 3,328 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. TD Cowen upped their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays upped their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Robert W. Baird lifted their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Needham & Company LLC boosted their price objective on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Truist Financial reiterated a “hold” rating and issued a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies currently has an average rating of “Moderate Buy” and an average target price of $393.82.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $403.59 on Friday. The company has a 50 day simple moving average of $388.62 and a 200-day simple moving average of $349.94. Zebra Technologies Co. has a 52-week low of $233.95 and a 52-week high of $413.43. The firm has a market capitalization of $20.82 billion, a price-to-earnings ratio of 54.91 and a beta of 1.63. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted $0.57 EPS. The company’s revenue for the quarter was up 31.3% on a year-over-year basis. Equities research analysts predict that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.06% of the company’s stock.

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.