DekaBank Deutsche Girozentrale Has $110.12 Million Stock Holdings in Motorola Solutions Inc (NYSE:MSI)

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DekaBank Deutsche Girozentrale grew its holdings in Motorola Solutions Inc (NYSE:MSI) by 7.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 668,454 shares of the communications equipment provider’s stock after acquiring an additional 49,031 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Motorola Solutions were worth $110,116,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. FMR LLC grew its holdings in shares of Motorola Solutions by 39.3% in the 1st quarter. FMR LLC now owns 1,847,513 shares of the communications equipment provider’s stock worth $259,427,000 after purchasing an additional 521,509 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Motorola Solutions by 12.3% in the 4th quarter. Geode Capital Management LLC now owns 2,456,130 shares of the communications equipment provider’s stock worth $282,258,000 after purchasing an additional 269,031 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Motorola Solutions by 20.2% in the 1st quarter. California Public Employees Retirement System now owns 1,067,556 shares of the communications equipment provider’s stock worth $149,906,000 after purchasing an additional 179,257 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Motorola Solutions by 14.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,401,921 shares of the communications equipment provider’s stock worth $196,858,000 after purchasing an additional 177,368 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings in shares of Motorola Solutions by 28.9% in the 1st quarter. Westwood Holdings Group Inc. now owns 742,486 shares of the communications equipment provider’s stock worth $104,260,000 after purchasing an additional 166,465 shares during the last quarter. Institutional investors own 85.18% of the company’s stock.

Several research firms have recently weighed in on MSI. Raymond James upped their target price on shares of Motorola Solutions from $160.00 to $182.00 and gave the stock 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 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of Motorola Solutions from $136.00 to $150.00 and gave the stock an “underweight” rating in a report on Wednesday, July 24th. Zacks Investment Research lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating and set a $177.00 target price on the stock. in a report on Wednesday, July 3rd. Finally, Argus increased their price objective on shares of Motorola Solutions from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Motorola Solutions currently has a consensus rating of “Buy” and an average target price of $158.00.

In other news, SVP Rajan Naik sold 1,708 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $150.83, for a total transaction of $257,617.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gino A. Bonanotte sold 49,554 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $156.86, for a total transaction of $7,773,040.44. The disclosure for this sale can be found here. Insiders have sold a total of 704,292 shares of company stock worth $120,725,479 over the last 90 days. Corporate insiders own 2.99% of the company’s stock.

Shares of NYSE MSI opened at $176.05 on Wednesday. The company has a market cap of $29.19 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 3.14 and a beta of 0.56. Motorola Solutions Inc has a 1 year low of $108.25 and a 1 year high of $179.14. The company has a 50-day simple moving average of $170.20.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.17. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. Motorola Solutions had a net margin of 13.47% and a negative return on equity of 105.22%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.46 EPS. Analysts predict that Motorola Solutions Inc will post 7.35 earnings per share for the current fiscal year.

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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