Microsoft (NASDAQ:MSFT) PT Lowered to $400.00

Microsoft (NASDAQ:MSFTGet Rating) had its price target cut by stock analysts at Wells Fargo & Company from $425.00 to $400.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the software giant’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 42.59% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley raised their price target on Microsoft from $364.00 to $372.00 and gave the company an “overweight” rating in a report on Wednesday, January 26th. StockNews.com assumed coverage on shares of Microsoft in a report on Thursday, March 31st. They set a “buy” rating for the company. Oppenheimer increased their price target on shares of Microsoft from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, January 26th. Summit Insights restated a “buy” rating on shares of Microsoft in a report on Tuesday, January 25th. Finally, The Goldman Sachs Group set a $400.00 target price on Microsoft in a research note on Monday, January 24th. One research analyst has rated the stock with a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Buy” and an average price target of $356.74.

Shares of MSFT stock opened at $280.52 on Tuesday. The company has a fifty day moving average price of $295.20 and a two-hundred day moving average price of $310.81. Microsoft has a one year low of $238.07 and a one year high of $349.67. The stock has a market cap of $2.10 trillion, a P/E ratio of 29.87, a P/E/G ratio of 2.41 and a beta of 0.91. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.25 and a quick ratio of 2.21.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, January 25th. The software giant reported $2.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.29 by $0.19. The business had revenue of $51.73 billion during the quarter, compared to the consensus estimate of $50.80 billion. Microsoft had a net margin of 38.50% and a return on equity of 45.73%. Microsoft’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the business posted $2.03 EPS. As a group, equities research analysts anticipate that Microsoft will post 9.31 EPS for the current fiscal year.

In related news, insider Bradford L. Smith sold 27,860 shares of the stock in a transaction on Tuesday, February 8th. The stock was sold at an average price of $304.64, for a total value of $8,487,270.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Emma N. Walmsley purchased 1,600 shares of Microsoft stock in a transaction on Monday, January 31st. The stock was bought at an average price of $311.53 per share, for a total transaction of $498,448.00. The disclosure for this purchase can be found here. Corporate insiders own 0.05% of the company’s stock.

Several large investors have recently bought and sold shares of the company. OLD Mission Capital LLC bought a new stake in shares of Microsoft during the 3rd quarter valued at about $1,254,000. Ironwood Wealth Management LLC. boosted its holdings in shares of Microsoft by 0.4% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 11,696 shares of the software giant’s stock worth $3,169,000 after buying an additional 42 shares in the last quarter. Morgan Stanley grew its position in shares of Microsoft by 4.3% during the 2nd quarter. Morgan Stanley now owns 68,123,020 shares of the software giant’s stock worth $18,454,527,000 after buying an additional 2,783,534 shares during the period. Transform Wealth LLC increased its stake in shares of Microsoft by 0.4% in the 3rd quarter. Transform Wealth LLC now owns 114,311 shares of the software giant’s stock valued at $32,227,000 after acquiring an additional 463 shares in the last quarter. Finally, CMH Wealth Management LLC lifted its position in shares of Microsoft by 3.8% during the 3rd quarter. CMH Wealth Management LLC now owns 70,913 shares of the software giant’s stock valued at $19,992,000 after acquiring an additional 2,584 shares during the period. 69.41% of the stock is currently owned by institutional investors.

Microsoft Company Profile (Get Rating)

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of devices and platforms, including Office Commercial, Office Consumer, LinkedIn, and Dynamics business solutions.

See Also

Analyst Recommendations for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.