Microsoft Corporation (NASDAQ:MSFT) had its price target hoisted by analysts at Stifel Nicolaus from $80.00 to $85.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the software giant’s stock. Stifel Nicolaus’ target price points to a potential upside of 7.83% from the company’s current price.

MSFT has been the subject of a number of other research reports. ValuEngine raised Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Morgan Stanley reissued an “overweight” rating and issued a $80.00 target price on shares of Microsoft Corporation in a report on Thursday, July 13th. Cowen and Company reissued an “outperform” rating and issued a $80.00 target price (up previously from $78.00) on shares of Microsoft Corporation in a report on Saturday, July 22nd. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $80.00 target price on shares of Microsoft Corporation in a report on Thursday, September 7th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $86.00 target price on shares of Microsoft Corporation in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $78.27.

Microsoft Corporation (NASDAQ:MSFT) opened at 78.83 on Tuesday. The firm has a market capitalization of $607.17 billion, a PE ratio of 29.09 and a beta of 1.01. Microsoft Corporation has a 52-week low of $57.28 and a 52-week high of $79.34. The firm’s 50-day moving average is $75.44 and its 200-day moving average is $71.68.

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In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the transaction, the insider now directly owns 537,519 shares in the company, valued at $39,776,406. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,081,763 shares of company stock worth $513,899,512. 1.49% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Northstar Group Inc. raised its position in shares of Microsoft Corporation by 0.3% during the 1st quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock valued at $248,000 after acquiring an additional 12 shares in the last quarter. Gierl Augustine Investment Management Inc raised its position in shares of Microsoft Corporation by 0.3% during the 1st quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock valued at $266,000 after acquiring an additional 13 shares in the last quarter. American Economic Planning Group Inc. ADV raised its position in shares of Microsoft Corporation by 0.3% during the 3rd quarter. American Economic Planning Group Inc. ADV now owns 4,878 shares of the software giant’s stock valued at $280,000 after acquiring an additional 14 shares in the last quarter. Gemmer Asset Management LLC raised its position in shares of Microsoft Corporation by 0.3% during the 3rd quarter. Gemmer Asset Management LLC now owns 7,309 shares of the software giant’s stock valued at $421,000 after acquiring an additional 20 shares in the last quarter. Finally, Cortland Associates Inc. MO raised its position in shares of Microsoft Corporation by 0.4% during the 3rd quarter. Cortland Associates Inc. MO now owns 5,430 shares of the software giant’s stock valued at $313,000 after acquiring an additional 20 shares in the last quarter. 73.26% of the stock is currently owned by institutional investors and hedge funds.

About Microsoft Corporation

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

Analyst Recommendations for Microsoft Corporation (NASDAQ:MSFT)

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