Presidio Capital Management LLC Makes New Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Presidio Capital Management LLC acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 669 shares of the industrial products company's stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ZBRA. Zions Bancorporation N.A. lifted its stake in shares of Zebra Technologies by 1,100.0% in the first quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company's stock worth $25,000 after acquiring an additional 55 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Zebra Technologies in the first quarter worth about $27,000. Fiduciary Alliance LLC acquired a new position in shares of Zebra Technologies in the fourth quarter worth about $28,000. Ronald Blue Trust Inc. lifted its stake in shares of Zebra Technologies by 81.0% in the fourth quarter. Ronald Blue Trust Inc. now owns 114 shares of the industrial products company's stock worth $30,000 after acquiring an additional 51 shares in the last quarter. Finally, CI Investments Inc. lifted its stake in shares of Zebra Technologies by 110.3% in the fourth quarter. CI Investments Inc. now owns 143 shares of the industrial products company's stock worth $37,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 85.46% of the company's stock.

ZBRA stock traded down $0.25 on Friday, reaching $299.18. The company's stock had a trading volume of 533,449 shares, compared to its average volume of 348,156. Zebra Technologies Co. has a 52 week low of $224.87 and a 52 week high of $365.97. The company has a market capitalization of $15.39 billion, a P/E ratio of 25.81 and a beta of 1.67. The firm has a fifty day moving average of $286.34 and a two-hundred day moving average of $293.92. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.88 and a quick ratio of 0.47.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $3.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.55 by $0.04. Zebra Technologies had a return on equity of 30.69% and a net margin of 7.09%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. As a group, analysts predict that Zebra Technologies Co. will post 14.1 EPS for the current fiscal year.

Several analysts have issued reports on the company. Robert W. Baird cut their price objective on Zebra Technologies from $365.00 to $322.00 in a research note on Wednesday, May 3rd. Credit Suisse Group cut their price objective on Zebra Technologies from $326.00 to $295.00 in a research note on Wednesday, May 3rd. TD Cowen assumed coverage on Zebra Technologies in a research note on Thursday, March 30th. They set an "outperform" rating and a $375.00 price objective on the stock. Needham & Company LLC cut their price objective on Zebra Technologies from $385.00 to $340.00 in a research note on Wednesday, May 3rd. Finally, StockNews.com started coverage on Zebra Technologies in a research note on Thursday, May 18th. They set a "hold" rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $348.14.

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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.

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