Plato Investment Management Ltd acquired a new stake in shares of Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,792 shares of the communications equipment provider’s stock, valued at approximately $3,217,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of MSI. Norges Bank acquired a new stake in shares of Motorola Solutions during the 4th quarter worth approximately $942,542,000. Aristotle Capital Management LLC bought a new position in Motorola Solutions during the 1st quarter worth $983,432,000. Northwestern Mutual Wealth Management Co. increased its position in Motorola Solutions by 11,507.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,192,196 shares of the communications equipment provider’s stock worth $456,993,000 after buying an additional 1,181,925 shares during the period. Bank of New York Mellon Corp acquired a new stake in Motorola Solutions in the second quarter worth $374,617,000. Finally, Orbis Allan Gray Ltd lifted its stake in Motorola Solutions by 95.6% in the fourth quarter. Orbis Allan Gray Ltd now owns 1,283,065 shares of the communications equipment provider’s stock valued at $491,824,000 after buying an additional 627,066 shares during the last quarter. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
MSI stock opened at $466.31 on Monday. The company has a market capitalization of $77.17 billion, a P/E ratio of 36.72, a PEG ratio of 2.79 and a beta of 0.87. The company has a 50-day simple moving average of $422.40 and a 200 day simple moving average of $431.00. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $493.57. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 3.13.
Analyst Ratings Changes
Several research firms have recently commented on MSI. Bank of America restated a “buy” rating on shares of Motorola Solutions in a research report on Thursday, August 6th. Wall Street Zen lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Truist Financial upped their target price on shares of Motorola Solutions from $525.00 to $545.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Morgan Stanley restated an “overweight” rating and issued a $476.00 price target on shares of Motorola Solutions in a research note on Thursday, August 6th. Finally, Zacks Research raised Motorola Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $516.67.
View Our Latest Stock Report on Motorola Solutions
Motorola Solutions Profile
Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.
Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.
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