ShoreHaven Wealth Partners LLC Has $870,000 Stake in Microsoft Co. (NASDAQ:MSFT)

ShoreHaven Wealth Partners LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,739 shares of the software giant’s stock after acquiring an additional 46 shares during the period. ShoreHaven Wealth Partners LLC’s holdings in Microsoft were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Microsoft by 0.9% during the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after acquiring an additional 5,648,095 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Microsoft by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after acquiring an additional 556,020 shares in the last quarter. Legal & General Group Plc raised its holdings in Microsoft by 1.5% during the second quarter. Legal & General Group Plc now owns 54,799,110 shares of the software giant’s stock worth $14,074,064,000 after acquiring an additional 784,656 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Microsoft by 2.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 40,130,443 shares of the software giant’s stock worth $10,306,701,000 after acquiring an additional 939,396 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Microsoft by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 39,863,273 shares of the software giant’s stock worth $12,290,246,000 after acquiring an additional 766,487 shares in the last quarter. 69.15% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Up 1.7 %

Shares of MSFT opened at $255.29 on Monday. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95. The stock has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.34 and a beta of 0.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93. The stock has a fifty day moving average of $247.21 and a 200-day moving average of $246.31.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.05. The business had revenue of $52.75 billion during the quarter, compared to analyst estimates of $53.17 billion. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. Microsoft’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $2.48 EPS. As a group, sell-side analysts anticipate that Microsoft Co. will post 9.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the transaction, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the transaction, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $269.38, for a total value of $269,380.00. Following the sale, the chief marketing officer now owns 117,362 shares of the company’s stock, valued at $31,614,975.56. The disclosure for this sale can be found here. Insiders sold a total of 6,767 shares of company stock valued at $1,728,111 in the last three months. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MSFT shares. Evercore ISI lowered their price target on Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, January 19th. JPMorgan Chase & Co. set a $305.00 price target on Microsoft and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Raymond James lowered their price target on Microsoft from $280.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 25th. DA Davidson boosted their price target on Microsoft from $280.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. Finally, Piper Sandler upped their target price on Microsoft from $247.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $285.58.

About Microsoft

(Get Rating)

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.