Private Asset Management Inc. increased its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.5% in the second quarter, Holdings Channel reports. The institutional investor owned 111,133 shares of the software giant’s stock after acquiring an additional 515 shares during the quarter. Microsoft accounts for about 4.6% of Private Asset Management Inc.’s portfolio, making the stock its 3rd largest position. Private Asset Management Inc.’s holdings in Microsoft were worth $28,544,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in shares of Microsoft during the fourth quarter valued at $24,401,940,000. Aaron Wealth Advisors LLC lifted its holdings in Microsoft by 35,465.9% in the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after acquiring an additional 20,553,188 shares during the last quarter. State Street Corp raised its holdings in Microsoft by 2.8% during the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after buying an additional 8,108,943 shares during the period. Vanguard Group Inc. raised its holdings in Microsoft by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after buying an additional 5,648,095 shares during the period. Finally, Castleview Partners LLC acquired a new position in shares of Microsoft in the 4th quarter valued at about $11,872,000. Institutional investors own 69.29% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Barclays dropped their price objective on Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a report on Friday, June 10th. Wells Fargo & Company reduced their price objective on Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 25th. Credit Suisse Group set a $400.00 target price on Microsoft in a research note on Tuesday, July 26th. Redburn Partners began coverage on Microsoft in a research note on Wednesday, June 29th. They issued a “buy” rating and a $370.00 target price for the company. Finally, Guggenheim started coverage on Microsoft in a research note on Friday, August 12th. They issued a “neutral” rating and a $292.00 target price for the company. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $334.31.
Microsoft Trading Down 0.3 %
Microsoft (NASDAQ:MSFT – Get Rating) last posted its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same period in the previous year, the company posted $2.17 EPS. Equities analysts anticipate that Microsoft Co. will post 10.14 EPS for the current fiscal year.
Insider Buying and Selling at Microsoft
In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the transaction, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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