Sands Capital Management LLC Sells 662,681 Shares of Microsoft Co. (NASDAQ:MSFT)

Sands Capital Management LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 16.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,473,119 shares of the software giant’s stock after selling 662,681 shares during the quarter. Microsoft accounts for approximately 4.0% of Sands Capital Management LLC’s holdings, making the stock its 7th largest position. Sands Capital Management LLC’s holdings in Microsoft were worth $1,306,032,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in Microsoft in the fourth quarter valued at approximately $35,920,047,000. International Assets Investment Management LLC acquired a new position in shares of Microsoft in the 4th quarter valued at $9,625,201,000. FMR LLC grew its stake in shares of Microsoft by 2.7% during the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock valued at $68,162,263,000 after buying an additional 5,762,902 shares during the period. Cerity Partners LLC increased its holdings in shares of Microsoft by 277.8% during the 4th quarter. Cerity Partners LLC now owns 7,004,341 shares of the software giant’s stock worth $2,633,912,000 after buying an additional 5,150,160 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Microsoft by 9.3% in the 3rd quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock worth $9,152,647,000 after buying an additional 2,456,190 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on MSFT. Macquarie upped their price target on Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Sanford C. Bernstein increased their target price on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Piper Sandler reaffirmed an “overweight” rating and set a $465.00 price target (up from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Citigroup dropped their price objective on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Finally, DA Davidson restated a “buy” rating and set a $500.00 target price on shares of Microsoft in a report on Friday, March 15th. Three analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $463.69.

Get Our Latest Research Report on MSFT

Microsoft Trading Up 0.9 %

NASDAQ MSFT opened at $427.87 on Tuesday. The firm has a market capitalization of $3.18 trillion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 2.24 and a beta of 0.89. Microsoft Co. has a one year low of $309.45 and a one year high of $433.60. The company has a 50-day simple moving average of $416.26 and a 200-day simple moving average of $403.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24.

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

Insiders Place Their Bets

In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred 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 sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The disclosure for this sale can be found here. Insiders have sold 25,566 shares of company stock valued at $10,877,535 over the last three months. Company insiders own 0.03% of the company’s stock.

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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