California State Teachers Retirement System Acquires 104,263 Shares of Microsoft Co. (NASDAQ:MSFT)

California State Teachers Retirement System raised its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,416,509 shares of the software giant’s stock after purchasing an additional 104,263 shares during the period. Microsoft comprises approximately 5.9% of California State Teachers Retirement System’s holdings, making the stock its 2nd largest holding. California State Teachers Retirement System owned about 0.15% of Microsoft worth $4,293,064,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Friedenthal Financial acquired a new stake in shares of Microsoft during the 4th quarter valued at approximately $45,000. PayPay Securities Corp increased its position in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in Microsoft in the third quarter worth $87,000. Kathleen S. Wright Associates Inc. increased its position in Microsoft by 160.7% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after buying an additional 143 shares during the period. Finally, Family CFO Inc grew its stake in shares of Microsoft by 13.6% in the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after purchasing an additional 43 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on 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 transaction, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 322 shares of Microsoft stock in a transaction on Friday, May 31st. The stock was sold at an average price of $416.60, for a total value of $134,145.20. Following the sale, the chief marketing officer now directly owns 47,255 shares of the company’s stock, valued at $19,686,433. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock worth $10,877,535 in the last 90 days. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Citigroup decreased their price target on Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $455.00 target price on shares of Microsoft in a research note on Monday, April 22nd. BMO Capital Markets raised their target price on Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Sanford C. Bernstein raised their target price on Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, UBS Group reaffirmed a “buy” rating and set a $480.00 target price on shares of Microsoft in a research note on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $463.69.

Get Our Latest Stock Analysis on MSFT

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $427.87 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The firm has a market cap of $3.18 trillion, a price-to-earnings ratio of 37.05, a P/E/G ratio of 2.24 and a beta of 0.89. The business’s 50-day simple moving average is $416.26 and its 200-day simple moving average is $403.12. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $433.60.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter last year, the company earned $2.45 EPS. The company’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, equities research analysts expect that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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