PineStone Asset Management Inc. Has $898.56 Million Stake in Microsoft Co. (NASDAQ:MSFT)

PineStone Asset Management Inc. boosted its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 11.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,389,541 shares of the software giant’s stock after purchasing an additional 237,986 shares during the period. Microsoft accounts for approximately 9.7% of PineStone Asset Management Inc.’s portfolio, making the stock its biggest position. PineStone Asset Management Inc.’s holdings in Microsoft were worth $898,563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Friedenthal Financial purchased a new stake in Microsoft during the 4th quarter valued at $45,000. PayPay Securities Corp boosted its stake in Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after purchasing an additional 36 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in Microsoft during the 3rd quarter valued at $87,000. Kathleen S. Wright Associates Inc. boosted its stake in Microsoft by 160.7% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after purchasing an additional 143 shares during the last quarter. Finally, Family CFO Inc boosted its stake in Microsoft by 13.6% during the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on MSFT shares. Wells Fargo & Company increased their target price on Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. The Goldman Sachs Group increased their target price on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Piper Sandler restated an “overweight” rating and issued a $465.00 price target (up from $455.00) on shares of Microsoft in a research note on Friday, April 26th. Jefferies Financial Group raised their price target on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Truist Financial restated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research note on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $457.91.

View Our Latest Report on Microsoft

Insider Transactions at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,521 shares of company stock valued at $19,746,476. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

NASDAQ:MSFT opened at $424.52 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The business’s 50-day simple moving average is $416.13 and its two-hundred day simple moving average is $402.07. The stock has a market cap of $3.16 trillion, a PE ratio of 36.76, a P/E/G ratio of 2.20 and a beta of 0.89. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $433.60.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same period in the previous year, the firm posted $2.45 earnings per share. The business’s revenue was up 17.0% compared to the same quarter last year. As a group, analysts forecast that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.71%. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Microsoft Profile

(Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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