Microsoft (NASDAQ:MSFT) Price Target Lowered to $575.00 at Deutsche Bank Aktiengesellschaft

Microsoft (NASDAQ:MSFTFree Report) had its target price trimmed by Deutsche Bank Aktiengesellschaft from $630.00 to $575.00 in a research report sent to investors on Thursday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the software giant’s stock.

A number of other analysts also recently issued reports on MSFT. Bank of America dropped their price target on shares of Microsoft from $640.00 to $520.00 and set a “buy” rating on the stock in a report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Microsoft in a report on Thursday, January 22nd. JPMorgan Chase & Co. lowered their price target on shares of Microsoft from $575.00 to $550.00 and set an “overweight” rating on the stock in a report on Thursday. BNP Paribas Exane boosted their price objective on Microsoft from $632.00 to $659.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $641.00 target price (down previously from $645.00) on shares of Microsoft in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $599.72.

Read Our Latest Research Report on Microsoft

Microsoft Trading Down 10.0%

Microsoft stock opened at $433.50 on Thursday. Microsoft has a 12 month low of $344.79 and a 12 month high of $555.45. The company has a current ratio of 1.40, a quick ratio of 1.39 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $476.67 and its two-hundred day simple moving average is $500.21. The company has a market capitalization of $3.22 trillion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The software giant reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.86 by $0.28. The company had revenue of $81.27 billion for the quarter, compared to analysts’ expectations of $80.28 billion. Microsoft had a net margin of 39.04% and a return on equity of 33.48%. Microsoft’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.23 EPS. As a group, equities analysts predict that Microsoft will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, February 19th. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 38,500 shares of Microsoft stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $518.64, for a total value of $19,967,640.00. Following the completion of the sale, the insider directly owned 461,597 shares in the company, valued at $239,402,668.08. The trade was a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Takeshi Numoto sold 2,850 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $478.72, for a total transaction of $1,364,352.00. Following the completion of the sale, the executive vice president owned 55,782 shares of the company’s stock, valued at approximately $26,703,959.04. This represents a 4.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 54,100 shares of company stock valued at $27,598,872. 0.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MSFT. Wellington Capital Management Inc. acquired a new position in shares of Microsoft during the 2nd quarter worth approximately $9,941,000. Sound View Wealth Advisors Group LLC raised its holdings in shares of Microsoft by 2.6% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 94,120 shares of the software giant’s stock worth $46,816,000 after buying an additional 2,373 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in Microsoft by 3.8% during the second quarter. Bank Pictet & Cie Europe AG now owns 922,524 shares of the software giant’s stock worth $457,119,000 after acquiring an additional 33,382 shares in the last quarter. Weaver Capital Management LLC lifted its stake in Microsoft by 14.0% in the 3rd quarter. Weaver Capital Management LLC now owns 18,340 shares of the software giant’s stock valued at $9,499,000 after purchasing an additional 2,247 shares during the last quarter. Finally, Gradient Investments LLC lifted its stake in shares of Microsoft by 4.3% in the 3rd quarter. Gradient Investments LLC now owns 285,163 shares of the software giant’s stock valued at $147,700,000 after acquiring an additional 11,770 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

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About Microsoft

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Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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