Suvretta Capital Management LLC Sells 7,507 Shares of Microsoft Co. (NASDAQ:MSFT)

Suvretta Capital Management LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 96,526 shares of the software giant’s stock after selling 7,507 shares during the quarter. Microsoft comprises 1.3% of Suvretta Capital Management LLC’s portfolio, making the stock its 27th biggest holding. Suvretta Capital Management LLC’s holdings in Microsoft were worth $41,535,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc increased its stake in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after acquiring an additional 25 shares during the last quarter. Quarry LP bought a new stake in Microsoft in the 2nd quarter worth approximately $45,000. MidAtlantic Capital Management Inc. bought a new stake in Microsoft in the 3rd quarter worth approximately $62,000. Carolina Wealth Advisors LLC increased its stake in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after acquiring an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC bought a new position in shares of Microsoft during the 2nd quarter valued at approximately $200,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MSFT. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. cut their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. TD Cowen dropped their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, UBS Group dropped their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Stock Down 1.0 %

Shares of MSFT stock opened at $410.92 on Tuesday. The stock’s 50-day simple moving average is $432.53 and its 200-day simple moving average is $424.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market capitalization of $3.05 trillion, a PE ratio of 33.09, a P/E/G ratio of 2.21 and a beta of 0.90. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the firm earned $2.93 EPS. Equities analysts expect that Microsoft Co. will post 13.03 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. Microsoft’s payout ratio is 26.73%.

Insider Transactions at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now owns 49,352 shares in the company, valued at $22,080,578.32. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock worth $17,383,892 over the last quarter. 0.03% of the stock is currently owned by insiders.

Microsoft Company 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.