Portside Wealth Group LLC Reduces Stake in Microsoft Co. (NASDAQ:MSFT)

Portside Wealth Group LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,935 shares of the software giant’s stock after selling 427 shares during the period. Microsoft comprises about 3.1% of Portside Wealth Group LLC’s portfolio, making the stock its 3rd largest position. Portside Wealth Group LLC’s holdings in Microsoft were worth $18,045,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Microsoft by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock worth $23,490,417,000 after purchasing an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Microsoft by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock worth $20,322,513,000 after purchasing an additional 652,493 shares during the period. International Assets Investment Management LLC grew its stake in Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after acquiring an additional 38,422,466 shares during the period. Finally, Franklin Resources Inc. grew its stake in Microsoft by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock valued at $16,104,959,000 after acquiring an additional 406,940 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft 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 transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. The trade was a 4.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on MSFT. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. UBS Group lowered their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $510.96.

Microsoft Stock Down 2.1 %

Shares of MSFT opened at $388.49 on Tuesday. The firm has a market cap of $2.89 trillion, a P/E ratio of 31.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $419.75 and its 200 day moving average price is $422.59. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 in the prior year, the company posted $2.93 earnings per share. On average, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

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.