First Trust Advisors LP raised its stake in shares of Motorola Solutions, Inc. (NYSE:MSI) by 11.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,116 shares of the communications equipment provider’s stock after buying an additional 40,699 shares during the period. First Trust Advisors LP’s holdings in Motorola Solutions were worth $34,533,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Iat Reinsurance Co. LTD. purchased a new position in shares of Motorola Solutions during the first quarter valued at about $123,000. Mckinley Capital Management LLC Delaware purchased a new position in shares of Motorola Solutions during the first quarter valued at about $135,000. Exane Derivatives increased its position in shares of Motorola Solutions by 163.6% in the second quarter. Exane Derivatives now owns 1,613 shares of the communications equipment provider’s stock valued at $140,000 after buying an additional 1,001 shares in the last quarter. Smithfield Trust Co. increased its position in shares of Motorola Solutions by 2.7% in the second quarter. Smithfield Trust Co. now owns 2,003 shares of the communications equipment provider’s stock valued at $173,000 after buying an additional 53 shares in the last quarter. Finally, Ropes Wealth Advisors LLC increased its position in shares of Motorola Solutions by 30.8% in the first quarter. Ropes Wealth Advisors LLC now owns 2,130 shares of the communications equipment provider’s stock valued at $184,000 after buying an additional 502 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Shares of Motorola Solutions, Inc. (NYSE MSI) opened at 88.60 on Tuesday. Motorola Solutions, Inc. has a 1-year low of $71.24 and a 1-year high of $93.75. The company has a market capitalization of $14.41 billion, a P/E ratio of 23.36 and a beta of 0.32. The company’s 50 day moving average is $88.92 and its 200-day moving average is $84.63.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, August 3rd. The communications equipment provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07. Motorola Solutions had a net margin of 10.38% and a negative return on equity of 93.44%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company posted $1.03 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts forecast that Motorola Solutions, Inc. will post $5.29 EPS for the current year.

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Several equities analysts recently issued reports on the stock. Gabelli raised shares of Motorola Solutions from a “hold” rating to a “buy” rating in a report on Monday, May 8th. Zacks Investment Research downgraded shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. UBS AG raised shares of Motorola Solutions from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. Raymond James Financial, Inc. raised shares of Motorola Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $62.76 to $95.00 in a report on Monday, May 22nd. They noted that the move was a valuation call. Finally, Deutsche Bank AG lifted their price target on shares of Motorola Solutions from $70.00 to $73.00 and gave the company a “hold” rating in a report on Monday, May 8th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $94.33.

In related news, EVP Eduardo F. Conrado sold 6,998 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $89.13, for a total value of $623,731.74. Following the completion of the transaction, the executive vice president now owns 22,858 shares in the company, valued at approximately $2,037,333.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Bruce W. Brda sold 25,299 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.11, for a total transaction of $2,254,393.89. Following the completion of the transaction, the executive vice president now owns 23,829 shares of the company’s stock, valued at approximately $2,123,402.19. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

About Motorola Solutions

Motorola Solutions, Inc is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company’s Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems.

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

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