Handelsbanken Fonder AB increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 84.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 607,777 shares of the software giant’s stock after purchasing an additional 277,777 shares during the period. Microsoft accounts for approximately 1.1% of Handelsbanken Fonder AB’s portfolio, making the stock its 26th largest position. Handelsbanken Fonder AB’s holdings in Microsoft were worth $55,472,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of MSFT. Spectrum Financial Alliance Ltd LLC acquired a new position in Microsoft in the first quarter valued at $147,000. Ballew Advisors Inc acquired a new position in Microsoft in the first quarter valued at $164,000. Lara May & Associates LLC acquired a new position in Microsoft in the first quarter valued at $199,000. AlphaStar Capital Management LLC acquired a new position in Microsoft in the fourth quarter valued at $204,000. Finally, Trilogy Capital Inc. acquired a new position in Microsoft in the fourth quarter valued at $207,000. Hedge funds and other institutional investors own 71.87% of the company’s stock.
Several research firms have issued reports on MSFT. Stifel Nicolaus restated a “buy” rating and issued a $107.00 price objective on shares of Microsoft in a research note on Wednesday, June 13th. BidaskClub downgraded shares of Microsoft from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Friday, July 20th. Nomura set a $118.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Friday, July 20th. Finally, Atlantic Securities set a $130.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Friday, July 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Microsoft currently has an average rating of “Buy” and a consensus target price of $119.49.
In other news, EVP Margaret L. Johnson sold 47,000 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $107.67, for a total transaction of $5,060,490.00. Following the completion of the sale, the executive vice president now owns 109,687 shares in the company, valued at $11,809,999.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Christopher C. Capossela sold 23,337 shares of the stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $109.22, for a total transaction of $2,548,867.14. Following the transaction, the chief marketing officer now directly owns 190,570 shares of the company’s stock, valued at $20,814,055.40. The disclosure for this sale can be found here. Insiders have sold 650,042 shares of company stock valued at $71,264,850 in the last quarter. Insiders own 1.49% of the company’s stock.
Shares of MSFT opened at $112.91 on Friday. Microsoft Co. has a fifty-two week low of $72.92 and a fifty-two week high of $113.72. The stock has a market cap of $856.52 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 2.13 and a beta of 1.26. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.90 and a quick ratio of 2.86.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The business had revenue of $30.09 billion during the quarter, compared to the consensus estimate of $29.23 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. sell-side analysts anticipate that Microsoft Co. will post 4.25 EPS for the current year.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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