Bryce Point Capital LLC Invests $565,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Bryce Point Capital LLC acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,464 shares of the industrial products company’s stock, valued at approximately $565,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Huntington National Bank raised its position in shares of Zebra Technologies by 14.7% in the fourth quarter. Huntington National Bank now owns 726 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 93 shares during the period. Groupama Asset Managment acquired a new position in Zebra Technologies in the 4th quarter valued at $831,000. Trexquant Investment LP raised its holdings in Zebra Technologies by 140.7% in the 4th quarter. Trexquant Investment LP now owns 21,182 shares of the industrial products company’s stock worth $8,181,000 after acquiring an additional 12,382 shares during the period. Geode Capital Management LLC lifted its position in Zebra Technologies by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company’s stock worth $491,935,000 after acquiring an additional 30,496 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in Zebra Technologies by 15.4% during the fourth quarter. National Bank of Canada FI now owns 24,182 shares of the industrial products company’s stock valued at $9,340,000 after acquiring an additional 3,232 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $287.57 on Thursday. The firm has a market cap of $14.78 billion, a price-to-earnings ratio of 28.25 and a beta of 1.68. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $324.35 and a 200 day moving average price of $364.74.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Research analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Needham & Company LLC cut their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Robert W. Baird cut their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. UBS Group lowered their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Citigroup started coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price on the stock. Finally, Barclays reduced their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson bought 500 shares of the business’s stock in a transaction on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares of the company’s stock, valued at $62,876,736. This represents a 0.25 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.06% of the stock is owned by corporate insiders.

About Zebra Technologies

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.