Brighton Jones LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 271.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 719,979 shares of the software giant’s stock after acquiring an additional 525,967 shares during the period. Microsoft makes up approximately 6.9% of Brighton Jones LLC’s investment portfolio, making the stock its 3rd largest position. Brighton Jones LLC’s holdings in Microsoft were worth $53,631,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Microsoft by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after buying an additional 25,053,413 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Microsoft by 212.3% during the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after buying an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Microsoft by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after buying an additional 42,243,011 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Microsoft by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 37,689,022 shares of the software giant’s stock worth $2,597,786,000 after buying an additional 425,485 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Microsoft by 2.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 29,622,483 shares of the software giant’s stock worth $2,041,878,000 after buying an additional 657,294 shares during the last quarter. Institutional investors own 73.19% of the company’s stock.
In other news, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 3,500 shares of Microsoft stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the sale, the executive vice president now directly owns 174,778 shares of the company’s stock, valued at $16,254,354. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,000 shares of company stock valued at $2,427,600. Corporate insiders own 1.49% of the company’s stock.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The business had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 EPS. research analysts anticipate that Microsoft Co. will post 3.64 earnings per share for the current year.
A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Vetr downgraded shares of Microsoft from a “buy” rating to a “hold” rating and set a $94.20 price target for the company. in a report on Tuesday, February 6th. Tigress Financial restated a “buy” rating on shares of Microsoft in a report on Tuesday, November 7th. Finally, UBS Group set a $110.00 price target on shares of Microsoft and gave the stock a “buy” rating in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-one have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $99.11.
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Microsoft 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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