Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Fort Point Capital Partners LLC

Fort Point Capital Partners LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 29,089 shares of the software giant’s stock after acquiring an additional 351 shares during the quarter. Microsoft comprises approximately 1.1% of Fort Point Capital Partners LLC’s investment portfolio, making the stock its 19th largest holding. Fort Point Capital Partners LLC’s holdings in Microsoft were worth $6,775,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Monumental Financial Group Inc. acquired a new position in shares of Microsoft in the first quarter worth $28,000. Hanseatic Management Services Inc. grew its stake in shares of Microsoft by 71.4% in the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock worth $31,000 after acquiring an additional 55 shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new position in shares of Microsoft in the second quarter worth $104,000. Morgan Dempsey Capital Management LLC acquired a new position in shares of Microsoft in the third quarter worth $82,000. Finally, Avondale Wealth Management grew its stake in shares of Microsoft by 58.6% in the third quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock worth $95,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.

Microsoft Trading Up 0.6 %

Shares of Microsoft stock opened at $256.87 on Tuesday. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $315.95. The company has a current ratio of 1.93, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.91 trillion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 2.34 and a beta of 0.92. The company has a 50-day moving average of $247.58 and a two-hundred day moving average of $246.07.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. The company had revenue of $52.75 billion during the quarter, compared to analysts’ expectations of $53.17 billion. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $2.48 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 9.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of analyst reports. Raymond James lowered their target price on shares of Microsoft from $280.00 to $270.00 and set an “outperform” rating for the company in a research note on Wednesday, January 25th. Wolfe Research lowered their target price on shares of Microsoft from $280.00 to $265.00 and set an “outperform” rating for the company in a research note on Wednesday, January 25th. Cowen lowered their target price on shares of Microsoft from $285.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, January 19th. Stifel Nicolaus lowered their target price on shares of Microsoft from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, January 25th. Finally, UBS Group set a $250.00 target price on shares of Microsoft in a research note on Wednesday, February 8th. One research 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $285.58.

Insider Activity

In other news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 788,625 shares in the company, valued at $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 related news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $269.38, for a total transaction of $269,380.00. Following the sale, the chief marketing officer now owns 117,362 shares in the company, valued at $31,614,975.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 788,625 shares in the company, valued at approximately $196,272,990. The disclosure for this sale can be found here. Insiders have sold 6,767 shares of company stock worth $1,728,111 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Microsoft Company 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.