Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 15,378,828 shares of the software giant’s stock after purchasing an additional 165,338 shares during the quarter. Microsoft accounts for about 2.1% of Mitsubishi UFJ Trust & Banking Corp’s holdings, making the stock its 2nd largest holding. Mitsubishi UFJ Trust & Banking Corp’s holdings in Microsoft were worth $1,145,569,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Carderock Capital Management Inc. increased its stake in Microsoft by 0.7% in the 2nd quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock worth $274,000 after purchasing an additional 26 shares during the period. AlphaMark Advisors LLC increased its stake in Microsoft by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after purchasing an additional 30 shares during the period. Simonbaker & Partners LLC increased its stake in Microsoft by 0.4% in the 2nd quarter. Simonbaker & Partners LLC now owns 11,364 shares of the software giant’s stock worth $783,000 after purchasing an additional 40 shares during the period. Arcus Capital Partners LLC increased its stake in Microsoft by 1.4% in the 2nd quarter. Arcus Capital Partners LLC now owns 3,159 shares of the software giant’s stock worth $218,000 after purchasing an additional 45 shares during the period. Finally, Jackson Grant Investment Advisers Inc. increased its stake in Microsoft by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 19,112 shares of the software giant’s stock worth $1,317,000 after purchasing an additional 55 shares during the period. 72.94% of the stock is currently owned by institutional investors.
A number of equities analysts have commented on MSFT shares. Barclays set a $95.00 price target on Microsoft and gave the stock an “overweight” rating in a research note on Friday, January 12th. ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Oppenheimer lifted their price target on Microsoft to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $115.00 price target (up from $95.00) on shares of Microsoft in a research note on Thursday, January 18th. Finally, BMO Capital Markets lifted their price target on Microsoft to $100.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirty have assigned a buy rating to the stock. Microsoft has a consensus rating of “Buy” and a consensus target price of $99.14.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The firm had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. During the same quarter in the previous year, the business earned $0.83 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. research analysts expect that Microsoft Co. will post 3.65 EPS for the current fiscal year.
In related news, EVP Christopher C. Capossela sold 3,500 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the sale, the executive vice president now owns 171,278 shares in the company, valued at $15,928,854. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the sale, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at approximately $16,633,337.40. The disclosure for this sale can be found here. Insiders sold 10,000 shares of company stock valued at $930,900 in the last 90 days. Company insiders own 1.49% of the company’s stock.
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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