Klingman & Associates LLC raised its holdings in Microsoft Corporation (NASDAQ:MSFT) by 15.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,465 shares of the software giant’s stock after acquiring an additional 1,273 shares during the quarter. Klingman & Associates LLC’s holdings in Microsoft Corporation were worth $652,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in MSFT. State Street Corp lifted its holdings in shares of Microsoft Corporation by 0.8% in the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after buying an additional 2,552,473 shares during the period. Norges Bank purchased a new stake in shares of Microsoft Corporation in the 4th quarter worth $4,334,099,000. Dodge & Cox purchased a new stake in shares of Microsoft Corporation in the 4th quarter worth $2,658,504,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Microsoft Corporation by 2.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 28,965,189 shares of the software giant’s stock worth $1,907,648,000 after buying an additional 638,798 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Microsoft Corporation by 1.1% in the 1st quarter. Fisher Asset Management LLC now owns 18,652,532 shares of the software giant’s stock worth $1,228,456,000 after buying an additional 199,259 shares during the period. 73.40% of the stock is currently owned by institutional investors.
Several equities research analysts have weighed in on MSFT shares. Stifel Nicolaus reiterated a “buy” rating and issued a $73.00 target price on shares of Microsoft Corporation in a report on Sunday, July 9th. Morningstar, Inc. reiterated a “buy” rating on shares of Microsoft Corporation in a report on Wednesday, June 28th. Cleveland Research started coverage on Microsoft Corporation in a report on Thursday, June 22nd. They issued a “buy” rating and a $80.00 target price for the company. Morgan Stanley set a $80.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a report on Monday, June 19th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $75.00 target price on shares of Microsoft Corporation in a report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the stock. Microsoft Corporation has an average rating of “Buy” and a consensus target price of $76.72.
In related news, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the sale, the chief financial officer now owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the sale, the insider now directly owns 537,519 shares in the company, valued at approximately $39,776,406. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,108,526 shares of company stock worth $515,879,974. 2.99% of the stock is owned by corporate insiders.
Shares of Microsoft Corporation (MSFT) traded up 0.4205% during trading on Monday, reaching $75.6267. The company had a trading volume of 6,928,102 shares. The firm’s 50 day moving average price is $73.27 and its 200 day moving average price is $69.57. Microsoft Corporation has a 12 month low of $56.32 and a 12 month high of $75.97. The firm has a market capitalization of $582.50 billion, a P/E ratio of 27.9065 and a beta of 1.00.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same quarter in the prior year, the company earned $0.69 EPS. Microsoft Corporation’s revenue was up 9.1% on a year-over-year basis. Equities analysts predict that Microsoft Corporation will post $3.14 EPS for the current year.
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Microsoft Corporation Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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