Teacher Retirement System of Texas decreased its holdings in Motorola Solutions Inc (NYSE:MSI) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 183,353 shares of the communications equipment provider’s stock after selling 15,006 shares during the quarter. Teacher Retirement System of Texas owned 0.11% of Motorola Solutions worth $30,570,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Neuberger Berman Group LLC increased its stake in Motorola Solutions by 2.4% in the 1st quarter. Neuberger Berman Group LLC now owns 5,713,647 shares of the communications equipment provider’s stock valued at $802,310,000 after buying an additional 134,923 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Motorola Solutions by 1.2% in the 1st quarter. OppenheimerFunds Inc. now owns 4,465,388 shares of the communications equipment provider’s stock valued at $627,029,000 after buying an additional 52,720 shares during the last quarter. Geode Capital Management LLC increased its stake in 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 valued at $282,258,000 after buying an additional 269,031 shares during the last quarter. FMR LLC increased its stake in Motorola Solutions by 39.3% in the 1st quarter. FMR LLC now owns 1,847,513 shares of the communications equipment provider’s stock valued at $259,427,000 after buying an additional 521,509 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in shares of Motorola Solutions by 1.2% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,761,413 shares of the communications equipment provider’s stock worth $247,338,000 after purchasing an additional 21,540 shares during the last quarter. 85.77% of the stock is currently owned by institutional investors and hedge funds.

Motorola Solutions stock traded down $0.97 during mid-day trading on Thursday, reaching $178.23. The company’s stock had a trading volume of 14,529 shares, compared to its average volume of 956,395. Motorola Solutions Inc has a 12-month low of $108.25 and a 12-month high of $179.24. The company has a market capitalization of $29.28 billion, a P/E ratio of 26.20, a PEG ratio of 3.15 and a beta of 0.56. The firm’s fifty day moving average price is $171.62 and its two-hundred day moving average price is $152.32.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the business earned $1.46 EPS. Motorola Solutions’s revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that Motorola Solutions Inc will post 7.35 EPS for the current fiscal year.

In other Motorola Solutions news, SVP Rajan Naik sold 9,408 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $171.55, for a total value of $1,613,942.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John P. Molloy sold 165,852 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $162.06, for a total transaction of $26,877,975.12. The disclosure for this sale can be found here. Insiders sold a total of 702,584 shares of company stock valued at $120,467,861 over the last quarter. 2.99% of the stock is owned by company insiders.

Several brokerages have recently issued reports on MSI. JPMorgan Chase & Co. raised their price target on shares of Motorola Solutions from $136.00 to $150.00 and gave the stock an “underweight” rating in a research note 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 price target for the company. in a research note on Wednesday, July 3rd. Raymond James raised their price target on shares of Motorola Solutions from $160.00 to $182.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. MKM Partners raised their price target on shares of Motorola Solutions to $170.00 in a research note on Friday, August 2nd. Finally, Argus raised their price target on shares of Motorola Solutions from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. Motorola Solutions presently has an average rating of “Buy” and an average price target of $158.00.

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.

See Also: How does equity income fit into an investing strategy?

Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions Inc (NYSE:MSI).

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

Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.