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Microsoft (NASDAQ:MSFT) COO Brian Kevin Turner sold 166,163 shares of Microsoft stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $45.15, for a total value of $7,502,259.45. Following the completion of the sale, the chief operating officer now directly owns 10,009,211 shares in the company, valued at approximately $451,915,877. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

MSFT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Microsoft in a research note on Wednesday, August 27th. They now have a $47.00 price target on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Microsoft from $44.00 to $45.00 in a research note on Wednesday, July 23rd. They now have a “market perform” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Microsoft in a research note on Wednesday, July 23rd. They now have a $50.00 price target on the stock, up previously from $47.50. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $42.28.

Microsoft (NASDAQ:MSFT) traded down 0.29% during mid-day trading on Wednesday, hitting $44.96. The stock had a trading volume of 33,689,140 shares. Microsoft has a 52-week low of $30.95 and a 52-week high of $45.71. The stock’s 50-day moving average is $44. and its 200-day moving average is $41.14. The company has a market cap of $370.5 billion and a P/E ratio of 17.14. Microsoft also saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 86,181,905 shares, a decline of 3.6% from the July 31st total of 89,401,631 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 27,385,733 shares, the days-to-cover ratio is currently 3.1 days.

Microsoft (NASDAQ:MSFT) last released its earnings data on Tuesday, July 22nd. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.09. The company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.11 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis. Analysts expect that Microsoft will post $2.72 EPS for the current fiscal year.

Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.

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