Mackay Shields LLC reduced its position in shares of Zebra Technologies (NASDAQ:ZBRA) by 34.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 62,352 shares of the industrial products company’s stock after selling 32,483 shares during the quarter. Mackay Shields LLC owned about 0.12% of Zebra Technologies worth $9,928,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PRW Wealth Management LLC bought a new stake in Zebra Technologies in the fourth quarter worth $29,000. Lindbrook Capital LLC bought a new stake in Zebra Technologies in the fourth quarter worth $35,000. FNY Investment Advisers LLC lifted its position in Zebra Technologies by 398.2% in the fourth quarter. FNY Investment Advisers LLC now owns 279 shares of the industrial products company’s stock worth $44,000 after buying an additional 223 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in Zebra Technologies by 966.7% in the third quarter. Rehmann Capital Advisory Group now owns 256 shares of the industrial products company’s stock worth $45,000 after buying an additional 232 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Zebra Technologies in the fourth quarter worth $48,000. Hedge funds and other institutional investors own 86.68% of the company’s stock.

In other news, SVP Michael H. Terzich sold 1,076 shares of Zebra Technologies stock in a transaction on Monday, March 11th. The stock was sold at an average price of $207.91, for a total transaction of $223,711.16. Following the completion of the sale, the senior vice president now directly owns 41,345 shares in the company, valued at $8,596,038.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Jeffrey F. Schmitz sold 1,382 shares of Zebra Technologies stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $212.95, for a total value of $294,296.90. Following the sale, the chief marketing officer now owns 10,748 shares of the company’s stock, valued at $2,288,786.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,894 shares of company stock valued at $23,721,363. Corporate insiders own 2.30% of the company’s stock.

ZBRA has been the subject of a number of analyst reports. Wellington Shields upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, December 27th. BidaskClub upgraded Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 8th. Zacks Investment Research downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 12th. Needham & Company LLC restated a “buy” rating and issued a $215.00 price target (up from $192.00) on shares of Zebra Technologies in a research report on Friday, February 15th. They noted that the move was a valuation call. Finally, ValuEngine upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $215.00.

NASDAQ:ZBRA opened at $211.40 on Friday. Zebra Technologies has a twelve month low of $130.79 and a twelve month high of $216.78. The firm has a market cap of $11.39 billion, a PE ratio of 20.66 and a beta of 1.45. The company has a quick ratio of 0.49, a current ratio of 0.89 and a debt-to-equity ratio of 1.07.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 14th. The industrial products company reported $3.10 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.26. Zebra Technologies had a return on equity of 48.26% and a net margin of 9.98%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the company earned $2.33 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Zebra Technologies will post 11.73 earnings per share for the current year.

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Zebra Technologies Company 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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