Stonebridge Capital Management Inc. Has $17.82 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Stonebridge Capital Management Inc. trimmed its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,370 shares of the software giant’s stock after selling 1,225 shares during the quarter. Microsoft makes up approximately 8.1% of Stonebridge Capital Management Inc.’s holdings, making the stock its biggest position. Stonebridge Capital Management Inc.’s holdings in Microsoft were worth $17,816,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Wealth Enhancement Advisory Services LLC raised its holdings in Microsoft by 5.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock valued at $42,237,000 after buying an additional 7,210 shares during the period. Arbor Investment Advisors LLC raised its holdings in Microsoft by 12.6% during the 1st quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock valued at $3,743,000 after buying an additional 1,357 shares during the period. KRS Capital Management LLC raised its holdings in Microsoft by 4.8% during the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after buying an additional 218 shares during the period. Dfpg Investments LLC raised its holdings in Microsoft by 22.9% during the 1st quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after buying an additional 5,030 shares during the period. Finally, Allworth Financial LP raised its holdings in Microsoft by 41.4% during the 1st quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after buying an additional 43,189 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Barclays reduced their target price on Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a research note on Friday, June 10th. Guggenheim assumed coverage on Microsoft in a research note on Friday, August 12th. They issued a “neutral” rating and a $292.00 target price on the stock. UBS Group set a $330.00 target price on Microsoft in a research note on Thursday. KeyCorp reduced their target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research note on Thursday, July 7th. Finally, Jefferies Financial Group set a $320.00 target price on Microsoft in a research note on Tuesday, September 6th. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $334.31.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is owned by company insiders.

Microsoft Stock Down 0.3 %

Shares of MSFT stock opened at $244.74 on Friday. The stock has a 50 day moving average of $268.81 and a 200 day moving average of $274.03. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.83 trillion, a P/E ratio of 25.39, a P/E/G ratio of 2.07 and a beta of 0.94. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same period in the previous year, the firm earned $2.17 EPS. As a group, sell-side analysts expect that Microsoft Co. will post 10.14 EPS for the current year.

Microsoft Profile

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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