Eagle Rock Investment Company LLC Purchases 4,329 Shares of Microsoft Co. (NASDAQ:MSFT)

Eagle Rock Investment Company LLC lifted its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 21.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,452 shares of the software giant’s stock after buying an additional 4,329 shares during the quarter. Microsoft comprises 1.5% of Eagle Rock Investment Company LLC’s investment portfolio, making the stock its 21st largest holding. Eagle Rock Investment Company LLC’s holdings in Microsoft were worth $5,695,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Walled Lake Planning & Wealth Management LLC grew its stake in Microsoft by 0.5% in the second quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock valued at $1,893,000 after purchasing an additional 38 shares in the last quarter. Financial Advisors Network Inc. boosted its stake in shares of Microsoft by 1.1% during the 2nd quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock worth $894,000 after acquiring an additional 39 shares during the period. Donoghue Forlines LLC boosted its stake in shares of Microsoft by 1.6% during the 2nd quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock worth $667,000 after acquiring an additional 40 shares during the period. Rovin Capital UT ADV boosted its stake in shares of Microsoft by 1.1% during the 3rd quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock worth $873,000 after acquiring an additional 40 shares during the period. Finally, Fountainhead AM LLC boosted its stake in shares of Microsoft by 1.0% during the 2nd quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock worth $1,078,000 after acquiring an additional 41 shares during the period. Institutional investors own 69.15% of the company’s stock.

Insider Transactions at Microsoft

In other Microsoft news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction of $272,320.00. Following the sale, the chief marketing officer now owns 116,362 shares in the company, valued at $31,687,699.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the sale, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 24,144 shares of Microsoft stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total value of $6,139,094.88. Following the sale, the executive vice president now directly owns 150,047 shares in the company, valued at $38,152,450.69. The disclosure for this sale can be found here. Insiders sold 26,144 shares of company stock valued at $6,680,795 over the last three months. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MSFT shares. Macquarie assumed coverage on Microsoft in a research note on Wednesday, November 2nd. They issued a “neutral” rating and a $234.00 price target for the company. Jefferies Financial Group set a $310.00 price target on Microsoft in a report on Monday. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, January 27th. BMO Capital Markets lowered Microsoft from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $267.00 to $265.00 in a research report on Wednesday, January 25th. They noted that the move was a valuation call. Finally, Cowen reduced their price objective on Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, January 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $285.58.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $250.16 on Tuesday. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $315.95. The stock has a fifty day simple moving average of $246.44 and a two-hundred day simple moving average of $247.49. The company has a current ratio of 1.93, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.86 trillion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The firm had revenue of $52.75 billion during the quarter, compared to analyst estimates of $53.17 billion. During the same period last year, the company earned $2.48 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts anticipate that Microsoft Co. will post 9.34 earnings per share for the current year.

Microsoft Profile

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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 Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.