Turn8 Private Wealth Inc. boosted its stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 3.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,000 shares of the software giant’s stock after buying an additional 340 shares during the quarter. Microsoft makes up approximately 3.2% of Turn8 Private Wealth Inc.’s portfolio, making the stock its 4th biggest position. Turn8 Private Wealth Inc.’s holdings in Microsoft were worth $4,131,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jacobi Capital Management LLC lifted its holdings in Microsoft by 2.4% during the 1st quarter. Jacobi Capital Management LLC now owns 46,730 shares of the software giant’s stock worth $17,542,000 after buying an additional 1,076 shares during the period. SWS Partners lifted its holdings in Microsoft by 7.7% during the 1st quarter. SWS Partners now owns 3,487 shares of the software giant’s stock worth $1,309,000 after buying an additional 249 shares during the period. Iron Gate Global Advisors LLC lifted its holdings in Microsoft by 3.4% during the 1st quarter. Iron Gate Global Advisors LLC now owns 110,848 shares of the software giant’s stock worth $41,611,000 after buying an additional 3,674 shares during the period. SWAN Capital LLC lifted its holdings in Microsoft by 3.9% during the 1st quarter. SWAN Capital LLC now owns 1,014 shares of the software giant’s stock worth $380,000 after buying an additional 38 shares during the period. Finally, Triune Financial Partners LLC lifted its holdings in Microsoft by 38.0% during the 1st quarter. Triune Financial Partners LLC now owns 1,339 shares of the software giant’s stock worth $503,000 after buying an additional 369 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.
Microsoft Stock Performance
Shares of Microsoft stock opened at $509.90 on Monday. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The firm has a market capitalization of $3.79 trillion, a price-to-earnings ratio of 37.38, a PEG ratio of 2.23 and a beta of 1.04. The business has a 50-day simple moving average of $510.55 and a 200 day simple moving average of $454.62. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35.
Analysts Set New Price Targets
Several brokerages have commented on MSFT. Stifel Nicolaus lifted their target price on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Morgan Stanley boosted their price objective on Microsoft from $530.00 to $582.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Bank of America boosted their price objective on Microsoft from $585.00 to $640.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Jefferies Financial Group boosted their price objective on Microsoft from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Wall Street Zen raised Microsoft from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $612.54.
Read Our Latest Research Report on Microsoft
Insider Buying and Selling
In other Microsoft news, EVP Takeshi Numoto sold 4,850 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the completion of the sale, the executive vice president directly owned 39,111 shares of the company’s stock, valued at approximately $20,624,012.52. The trade was a 11.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 149,205 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $504.78, for a total value of $75,315,699.90. Following the sale, the chief executive officer directly owned 790,852 shares of the company’s stock, valued at $399,206,272.56. This represents a 15.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.
Microsoft Profile
Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
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