Microsoft (NASDAQ:MSFT) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday. They presently have a $101.78 target price on the software giant’s stock. Vetr‘s price target indicates a potential upside of 8.53% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Oppenheimer set a $100.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Monday, January 1st. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Tuesday, December 26th. Royal Bank of Canada set a $100.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Finally, UBS set a $105.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, December 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $100.05.
Microsoft (NASDAQ MSFT) traded up $6.60 on Monday, reaching $93.78. 56,260,185 shares of the company were exchanged, compared to its average volume of 32,649,002. The firm has a market capitalization of $671,267.94, a price-to-earnings ratio of 64.23, a PEG ratio of 2.01 and a beta of 1.04. Microsoft has a 52-week low of $64.35 and a 52-week high of $97.24. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01.
In related news, CMO Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $93.30, for a total transaction of $279,900.00. Following the sale, the chief marketing officer now directly owns 178,278 shares of the company’s stock, valued at approximately $16,633,337.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christopher C. Capossela sold 3,500 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 171,278 shares in the company, valued at $15,928,854. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,000 shares of company stock worth $930,900. 1.49% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC acquired a new position in Microsoft during the 4th quarter worth approximately $103,000. Acrospire Investment Management LLC boosted its holdings in shares of Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after buying an additional 1,200 shares in the last quarter. First Dallas Securities Inc. acquired a new position in shares of Microsoft in the 4th quarter valued at $123,000. Cerebellum GP LLC acquired a new position in shares of Microsoft in the 4th quarter valued at $134,000. Finally, Stelac Advisory Services LLC boosted its holdings in shares of Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after buying an additional 387 shares in the last quarter. 73.85% of the stock is currently owned by hedge funds and other institutional investors.
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Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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