Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Posted by Defense World Staff on Sep 7th, 2023

Skandinaviska Enskilda Banken AB publ lifted its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,642,914 shares of the software giant’s stock after acquiring an additional 8,090 shares during the quarter. Microsoft makes up approximately 5.3% of Skandinaviska Enskilda Banken AB publ’s investment portfolio, making the stock its 2nd largest position. Skandinaviska Enskilda Banken AB publ’s holdings in Microsoft were worth $761,952,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after acquiring an additional 6,129,708 shares during the period. State Street Corp boosted its position in Microsoft by 0.7% in the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after buying an additional 1,951,554 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Microsoft by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after buying an additional 556,020 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of Microsoft by 112,158.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock valued at $36,017,948,000 after acquiring an additional 150,053,637 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Microsoft by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 142,731,177 shares of the software giant’s stock valued at $34,172,705,000 after purchasing an additional 3,268,917 shares during the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $332.88 on Thursday. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.20. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $366.78. The company has a market cap of $2.47 trillion, a P/E ratio of 34.35, a PEG ratio of 2.42 and a beta of 0.90. The firm’s 50 day moving average price is $332.69 and its 200 day moving average price is $309.50.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings data on Tuesday, July 25th. The software giant reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.14. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The company had revenue of $56.19 billion for the quarter, compared to analysts’ expectations of $55.49 billion. During the same quarter last year, the company earned $2.23 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, research analysts forecast that Microsoft Co. will post 10.9 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.82%. Microsoft’s dividend payout ratio (DPR) is 28.07%.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the transaction, the insider now directly owns 588,084 shares of the company’s stock, valued at $198,301,924.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the transaction, the insider now directly owns 588,084 shares in the company, valued at approximately $198,301,924.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the completion of the transaction, the chief executive officer now directly owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 115,049 shares of company stock valued at $38,195,619. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of several recent research reports. Wedbush lifted their target price on Microsoft from $375.00 to $400.00 in a report on Wednesday, July 26th. Credit Suisse Group upped their price target on Microsoft from $350.00 to $420.00 in a research note on Wednesday, May 31st. Tigress Financial upped their price objective on shares of Microsoft from $411.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Rosenblatt Securities raised their price target on shares of Microsoft from $310.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, StockNews.com initiated coverage on Microsoft in a research report on Thursday, August 17th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-three have given a buy rating to the company. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $373.68.

View Our Latest Analysis on Microsoft

About Microsoft

(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.