Westside Investment Management Inc. Acquires 4,208 Shares of Microsoft Co. (NASDAQ:MSFT)

Westside Investment Management Inc. grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 18.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,125 shares of the software giant’s stock after purchasing an additional 4,208 shares during the period. Microsoft accounts for 2.0% of Westside Investment Management Inc.’s portfolio, making the stock its 6th biggest position. Westside Investment Management Inc.’s holdings in Microsoft were worth $849,584,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Walled Lake Planning & Wealth Management LLC grew its stake in Microsoft by 0.5% in the 2nd quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock worth $1,893,000 after buying an additional 38 shares in the last quarter. Financial Advisors Network Inc. grew its stake in Microsoft by 1.1% in the 2nd quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock worth $894,000 after buying an additional 39 shares in the last quarter. Donoghue Forlines LLC grew its stake in Microsoft by 1.6% in the 2nd quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock worth $667,000 after buying an additional 40 shares in the last quarter. Rovin Capital UT ADV grew its stake in Microsoft by 1.1% in the 3rd quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock worth $873,000 after buying an additional 40 shares in the last quarter. Finally, Fountainhead AM LLC boosted its stake in shares of Microsoft by 1.0% in the 2nd quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock valued at $1,078,000 after purchasing an additional 41 shares in the last quarter. 69.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $269.38, for a total transaction of $269,380.00. Following the transaction, the chief marketing officer now directly owns 117,362 shares in the company, valued at $31,614,975.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,767 shares of company stock valued at $1,728,111. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of a number of analyst reports. Wedbush lifted their target price on shares of Microsoft from $280.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. Wolfe Research dropped their target price on Microsoft from $280.00 to $265.00 and set an “outperform” rating for the company in a report on Wednesday, January 25th. Citigroup increased their price target on shares of Microsoft from $280.00 to $282.00 and gave the company a “buy” rating in a research report on Wednesday, January 25th. Guggenheim downgraded shares of Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price objective for the company. in a research note on Tuesday, January 17th. Finally, Cowen cut their target price on Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, January 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $285.58.

Microsoft Stock Down 1.1 %

Shares of Microsoft stock opened at $254.15 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $315.95. The company has a market cap of $1.89 trillion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 2.34 and a beta of 0.92. The company’s 50 day moving average is $247.92 and its 200 day moving average is $245.85.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $53.17 billion. During the same period in the prior year, the firm earned $2.48 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. Research analysts anticipate that Microsoft Co. will post 9.34 EPS for the current year.

About Microsoft

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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.