Motorola Solutions Inc (NYSE:MSI) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its holdings in Motorola Solutions Inc (NYSE:MSI) by 7.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 668,454 shares of the communications equipment provider’s stock after purchasing an additional 49,031 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.41% of Motorola Solutions worth $110,116,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MSI. Piedmont Investment Advisors Inc. boosted its position in Motorola Solutions by 5.4% during the first quarter. Piedmont Investment Advisors Inc. now owns 3,959 shares of the communications equipment provider’s stock worth $556,000 after acquiring an additional 204 shares during the last quarter. Greenleaf Trust boosted its holdings in shares of Motorola Solutions by 3.7% in the 2nd quarter. Greenleaf Trust now owns 2,720 shares of the communications equipment provider’s stock valued at $454,000 after purchasing an additional 98 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Motorola Solutions by 1.2% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 89,513 shares of the communications equipment provider’s stock valued at $12,569,000 after purchasing an additional 1,100 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in shares of Motorola Solutions by 248.2% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 45,043 shares of the communications equipment provider’s stock valued at $6,324,000 after purchasing an additional 32,107 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of Motorola Solutions by 19.1% in the 1st quarter. Creative Planning now owns 10,018 shares of the communications equipment provider’s stock valued at $1,407,000 after purchasing an additional 1,610 shares during the last quarter. Institutional investors and hedge funds own 85.18% of the company’s stock.

Motorola Solutions stock opened at $176.05 on Wednesday. Motorola Solutions Inc has a 12-month low of $108.25 and a 12-month high of $179.14. The stock has a market cap of $29.19 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 3.14 and a beta of 0.56. The business’s fifty day moving average price is $170.20.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.17. Motorola Solutions had a net margin of 13.47% and a negative return on equity of 105.22%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the firm posted $1.46 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, analysts forecast that Motorola Solutions Inc will post 7.35 EPS for the current year.

A number of brokerages have weighed in on MSI. MKM Partners lifted their price target on shares of Motorola Solutions to $170.00 in a report on Friday, August 2nd. Raymond James lifted their price target on shares of Motorola Solutions from $160.00 to $182.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Barclays began coverage on shares of Motorola Solutions in a report on Wednesday, August 7th. They issued an “overweight” rating and a $195.00 price target on the stock. Zacks Investment Research lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating and set a $177.00 price target on the stock. in a report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Motorola Solutions from $136.00 to $150.00 and gave the company an “underweight” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. Motorola Solutions has an average rating of “Buy” and an average price target of $158.00.

In other Motorola Solutions news, CFO Gino A. Bonanotte sold 49,554 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $156.86, for a total transaction of $7,773,040.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Q. Brown sold 85,471 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $177.99, for a total transaction of $15,212,983.29. The disclosure for this sale can be found here. Over the last three months, insiders have sold 704,292 shares of company stock valued at $120,725,479. 2.99% of the stock is owned by company insiders.

About Motorola Solutions

Motorola Solutions, Inc provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

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Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

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