Redmond Asset Management LLC Sells 6,371 Shares of Zebra Technologies Corporation $ZBRA

Redmond Asset Management LLC lessened its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA) by 37.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 10,654 shares of the industrial products company’s stock after selling 6,371 shares during the quarter. Zebra Technologies makes up about 1.2% of Redmond Asset Management LLC’s holdings, making the stock its 21st largest holding. Redmond Asset Management LLC’s holdings in Zebra Technologies were worth $3,977,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZBRA. VestGen Advisors LLC raised its stake in Zebra Technologies by 79.1% in the third quarter. VestGen Advisors LLC now owns 2,687 shares of the industrial products company’s stock worth $1,003,000 after buying an additional 1,187 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Zebra Technologies during the 3rd quarter valued at $612,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in Zebra Technologies during the 3rd quarter valued at $36,709,000. Apollon Wealth Management LLC increased its holdings in shares of Zebra Technologies by 42.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,849 shares of the industrial products company’s stock valued at $690,000 after acquiring an additional 552 shares during the period. Finally, EULAV Asset Management purchased a new position in shares of Zebra Technologies in the 3rd quarter valued at $4,738,000. 91.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of several recent research reports. Weiss Ratings raised Zebra Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Wolfe Research restated an “outperform” rating and set a $317.00 price objective on shares of Zebra Technologies in a research note on Thursday, July 9th. UBS Group reaffirmed a “buy” rating on shares of Zebra Technologies in a research report on Wednesday, August 5th. BNP Paribas Exane reiterated an “outperform” rating and issued a $455.00 target price (up from $370.00) on shares of Zebra Technologies in a research note on Wednesday, August 5th. Finally, Barclays lifted their target price on Zebra Technologies from $410.00 to $416.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $385.83.

Zebra Technologies Trading Up 0.8%

NASDAQ ZBRA opened at $384.70 on Thursday. Zebra Technologies Corporation has a 52 week low of $199.05 and a 52 week high of $392.78. The company has a 50 day moving average price of $367.07 and a 200 day moving average price of $279.34. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 0.14. The firm has a market cap of $18.32 billion, a PE ratio of 35.20 and a beta of 1.58.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $6.35 earnings per share for the quarter, beating the consensus estimate of $4.36 by $1.99. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.50 billion. Zebra Technologies had a net margin of 9.22% and a return on equity of 22.29%. Zebra Technologies’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the firm earned $3.61 earnings per share. Zebra Technologies has set its Q3 2026 guidance at 4.700-4.900 EPS and its FY 2026 guidance at 20.750-21.250 EPS. As a group, sell-side analysts forecast that Zebra Technologies Corporation will post 18.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Linda Connly sold 500 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $377.68, for a total transaction of $188,840.00. Following the completion of the sale, the director owned 3,708 shares in the company, valued at approximately $1,400,437.44. This represents a 11.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Cho sold 3,500 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $375.20, for a total value of $1,313,200.00. Following the completion of the sale, the insider owned 5,170 shares of the company’s stock, valued at approximately $1,939,784. This trade represents a 40.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.91% of the company’s stock.

About Zebra Technologies

Zebra Technologies Corp. (NASDAQ: ZBRA) develops technologies that help businesses identify, track and manage assets, inventory and operational processes. Its solutions are used by organizations in retail, manufacturing, transportation and logistics, healthcare, government and other industries to improve visibility and productivity across their operations.

The company’s portfolio includes barcode and label printers, barcode scanners, mobile computers, radio-frequency identification (RFID) readers and tags, machine-vision systems, fixed industrial scanners and related software.