Peninsula Wealth LLC Grows Holdings in Microsoft Co. (NASDAQ:MSFT)

Peninsula Wealth LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,250 shares of the software giant’s stock after acquiring an additional 251 shares during the period. Microsoft accounts for 0.8% of Peninsula Wealth LLC’s portfolio, making the stock its 17th biggest position. Peninsula Wealth LLC’s holdings in Microsoft were worth $2,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Aaron Wealth Advisors LLC lifted its stake in Microsoft by 35,465.9% during the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after purchasing an additional 20,553,188 shares during the last quarter. Vanguard Group Inc. increased its position in Microsoft by 0.9% in the first 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. Bishop Rock Capital L.P. increased its position in Microsoft by 11,434.2% in the second quarter. Bishop Rock Capital L.P. now owns 5,460,976 shares of the software giant’s stock worth $21,263,000 after buying an additional 5,413,630 shares during the period. Renaissance Technologies LLC acquired a new stake in Microsoft in the second quarter worth $981,125,000. Finally, Swiss National Bank increased its position in Microsoft by 13.8% in the first quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock worth $9,524,669,000 after buying an additional 3,757,500 shares during the period. 69.15% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $248.59 on Monday. The company has a quick ratio of 1.89, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $248.71 and its two-hundred day moving average is $245.32. The company has a market cap of $1.85 trillion, a P/E ratio of 27.62, a P/E/G ratio of 2.28 and a beta of 0.92. Microsoft Co. has a 12 month low of $213.43 and a 12 month 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 for the quarter, topping the consensus estimate of $2.27 by $0.05. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The company had revenue of $52.75 billion for the quarter, compared to analyst estimates of $53.17 billion. During the same quarter last year, the firm earned $2.48 EPS. Microsoft’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts expect that Microsoft Co. will post 9.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MSFT. Credit Suisse Group set a $285.00 target price on Microsoft in a research report on Thursday, March 2nd. UBS Group set a $250.00 price target on Microsoft in a report on Wednesday, February 8th. Guggenheim lowered Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price target on the stock. in a report on Tuesday, January 17th. Jefferies Financial Group set a $310.00 price target on Microsoft in a report on Monday, February 27th. Finally, The Goldman Sachs Group set a $315.00 price target on Microsoft in a report on Wednesday, January 25th. 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $285.58.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction of $272,320.00. Following the sale, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction of $272,320.00. Following the sale, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction that occurred on Tuesday, February 28th. The stock was 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 approximately $196,272,990. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,767 shares of company stock valued at $1,728,111. 0.03% of the stock is owned by corporate insiders.

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.