Perkins Coie Trust Co Has $17.59 Million Position in Microsoft Co. (NASDAQ:MSFT)

Perkins Coie Trust Co cut its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,492 shares of the software giant’s stock after selling 828 shares during the period. Microsoft makes up about 6.4% of Perkins Coie Trust Co’s portfolio, making the stock its 2nd biggest holding. Perkins Coie Trust Co’s holdings in Microsoft were worth $17,590,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in Microsoft by 5.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock valued at $42,237,000 after buying an additional 7,210 shares during the last quarter. Arbor Investment Advisors LLC boosted its stake in Microsoft by 12.6% during the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock valued at $3,743,000 after buying an additional 1,357 shares during the last quarter. KRS Capital Management LLC boosted its stake in Microsoft by 4.8% during the first quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after buying an additional 218 shares during the last quarter. Dfpg Investments LLC boosted its stake in Microsoft by 22.9% during the first quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after buying an additional 5,030 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Microsoft by 41.4% during the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after buying an additional 43,189 shares during the last quarter. 69.29% of the stock is owned by institutional investors.

Microsoft Stock Down 0.1 %

Shares of NASDAQ MSFT opened at $244.52 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $1.82 trillion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 2.06 and a beta of 0.94. The stock’s fifty day simple moving average is $268.81 and its two-hundred day simple moving average is $273.69. Microsoft Co. has a 12-month low of $240.85 and a 12-month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data 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 last year, the firm posted $2.17 earnings per share. As a group, analysts expect that Microsoft Co. will post 10.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Guggenheim assumed coverage on Microsoft in a research note on Friday, August 12th. They issued a “neutral” rating and a $292.00 price objective for the company. Mizuho lowered their price objective on Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Wells Fargo & Company lowered their price objective on Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, July 25th. Rosenblatt Securities lowered their price objective on Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday, July 26th. Finally, Redburn Partners began coverage on Microsoft in a research note on Wednesday, June 29th. They issued a “buy” rating and a $370.00 price objective for the company. Two research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $334.31.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the completion of the sale, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.05% of the company’s stock.

About Microsoft

(Get Rating)

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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