Ten Capital Wealth Advisors LLC Grows Position in Microsoft Co. (NASDAQ:MSFT)

Ten Capital Wealth Advisors LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,059 shares of the software giant’s stock after purchasing an additional 895 shares during the period. Microsoft makes up about 1.6% of Ten Capital Wealth Advisors LLC’s portfolio, making the stock its 13th biggest position. Ten Capital Wealth Advisors LLC’s holdings in Microsoft were worth $3,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of MSFT. DGS Capital Management LLC grew its position in Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after purchasing an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after acquiring an additional 196,338 shares during the last quarter. Altus Wealth Group LLC boosted its holdings in shares of Microsoft by 1.2% in the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after acquiring an additional 152 shares during the last quarter. Powell Investment Advisors LLC boosted its holdings in shares of Microsoft by 16.2% in the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after acquiring an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its holdings in shares of Microsoft by 8.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after acquiring an additional 512 shares during the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Microsoft Stock Up 1.7 %

Shares of Microsoft stock opened at $255.29 on Monday. The stock has a 50-day moving average price of $247.21 and a 200 day moving average price of $246.31. The company has a market cap of $1.90 trillion, a P/E ratio of 28.37, a P/E/G ratio of 2.34 and a beta of 0.92. The company has a current ratio of 1.93, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $315.95.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data 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 firm had revenue of $52.75 billion during the quarter, compared to the consensus estimate of $53.17 billion. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.48 EPS. As a group, analysts expect that Microsoft Co. will post 9.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on MSFT. Credit Suisse Group set a $285.00 price objective on shares of Microsoft in a report on Thursday. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, January 27th. Barclays reduced their target price on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday, January 10th. Cowen reduced their target price on shares of Microsoft from $285.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, January 19th. Finally, Evercore ISI dropped their price objective on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, January 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $285.58.

Insider Transactions at Microsoft

In other news, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction of $272,320.00. Following the completion of the sale, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of the stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the transaction, the chief executive officer now directly owns 788,625 shares in the company, valued at approximately $196,272,990. The disclosure for this sale can be found here. Insiders sold 6,767 shares of company stock valued at $1,728,111 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Microsoft Profile

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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.