Belpointe Asset Management LLC increased its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 10.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 113,944 shares of the software giant’s stock after acquiring an additional 11,068 shares during the period. Microsoft comprises approximately 1.8% of Belpointe Asset Management LLC’s holdings, making the stock its 5th largest position. Belpointe Asset Management LLC’s holdings in Microsoft were worth $32,850,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Microsoft by 1.0% in the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after purchasing an additional 6,129,708 shares during the last quarter. State Street Corp boosted its stake in shares of Microsoft by 0.7% in the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after buying an additional 1,951,554 shares during the last quarter. FMR LLC grew its holdings in shares of Microsoft by 0.8% in the first quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock worth $57,810,889,000 after acquiring an additional 1,537,712 shares during the period. Price T Rowe Associates Inc. MD increased its position in 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 valued at $50,302,677,000 after acquiring an additional 556,020 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its holdings in Microsoft by 112,158.6% in the fourth 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 during the period. 69.20% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Microsoft from $320.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Guggenheim reaffirmed a “sell” rating and issued a $232.00 target price on shares of Microsoft in a report on Thursday, July 20th. Evercore ISI boosted their price target on Microsoft from $337.00 to $400.00 in a report on Friday, June 2nd. Oppenheimer restated an “outperform” rating and issued a $410.00 price target on shares of Microsoft in a research report on Friday, July 28th. Finally, Morgan Stanley increased their target price on shares of Microsoft from $335.00 to $415.00 in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirty-three have assigned a buy rating to the company. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $373.68.
Microsoft Price Performance
Shares of NASDAQ MSFT opened at $337.94 on Tuesday. 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 business has a 50 day moving average price of $332.46 and a two-hundred day moving average price of $311.57. The firm has a market cap of $2.51 trillion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 2.43 and a beta of 0.90.
Microsoft (NASDAQ:MSFT – Get Free Report) last issued its earnings results on Tuesday, July 25th. The software giant reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.14. The business had revenue of $56.19 billion for the quarter, compared to analyst estimates of $55.49 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.23 EPS. Sell-side analysts expect that Microsoft Co. will post 10.9 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider Bradford L. Smith sold 50,000 shares of the company’s 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 in the company, valued at approximately $198,301,924.80. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction on Friday, September 1st. The stock was 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 owns 800,668 shares in the company, valued at approximately $262,963,391.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total value of $16,860,000.00. Following the transaction, the insider now directly owns 588,084 shares in the company, valued at $198,301,924.80. The disclosure for this sale can be found here. Insiders have sold a total of 115,049 shares of company stock worth $38,195,619 over the last quarter. 0.03% of the stock is owned by company insiders.
Microsoft Company Profile
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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