Sumitomo Mitsui Asset Management Company LTD reduced its position in Motorola Solutions Inc (NYSE:MSI) by 9.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,678 shares of the communications equipment provider’s stock after selling 1,262 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Motorola Solutions were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Motorola Solutions by 1.8% in the 2nd quarter. State Street Corp now owns 7,734,797 shares of the communications equipment provider’s stock worth $670,905,000 after buying an additional 135,926 shares during the last quarter. Parnassus Investments CA boosted its stake in shares of Motorola Solutions by 0.7% in the 3rd quarter. Parnassus Investments CA now owns 5,649,582 shares of the communications equipment provider’s stock worth $479,480,000 after buying an additional 41,541 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Motorola Solutions by 8.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,312,861 shares of the communications equipment provider’s stock worth $196,293,000 after buying an additional 188,573 shares during the last quarter. APG Asset Management N.V. boosted its stake in shares of Motorola Solutions by 4.9% in the 4th quarter. APG Asset Management N.V. now owns 1,722,654 shares of the communications equipment provider’s stock worth $129,601,000 after buying an additional 81,195 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Motorola Solutions by 3.1% during the third quarter. Legal & General Group Plc now owns 931,006 shares of the communications equipment provider’s stock valued at $79,000,000 after purchasing an additional 28,283 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

In other Motorola Solutions news, major shareholder Motorola Solutions, Inc. sold 949,779 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $15.00, for a total transaction of $14,246,685.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark S. Hacker sold 7,411 shares of Motorola Solutions stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $95.00, for a total value of $704,045.00. Following the completion of the sale, the executive vice president now directly owns 16,396 shares in the company, valued at $1,557,620. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,336,176 shares of company stock worth $49,961,105. Insiders own 2.50% of the company’s stock.

Shares of Motorola Solutions Inc (MSI) opened at $103.87 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of -5.41. The company has a market capitalization of $16,057.42, a PE ratio of 19.10, a price-to-earnings-growth ratio of 3.98 and a beta of 0.40. Motorola Solutions Inc has a twelve month low of $76.92 and a twelve month high of $107.78.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $2.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.06. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Motorola Solutions had a negative return on equity of 91.55% and a negative net margin of 2.43%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $2.03 earnings per share. equities research analysts predict that Motorola Solutions Inc will post 5.7 EPS for the current year.

MSI has been the topic of several analyst reports. Jefferies Group lifted their target price on Motorola Solutions from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Cleveland Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Deutsche Bank upgraded Motorola Solutions from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Friday, January 12th. Finally, ValuEngine downgraded Motorola Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $97.50.

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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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