Microsoft Co. (NASDAQ:MSFT) Shares Sold by Guinness Atkinson Asset Management Inc

Guinness Atkinson Asset Management Inc decreased its position in Microsoft Co. (NASDAQ:MSFT) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,137 shares of the software giant’s stock after selling 564 shares during the quarter. Microsoft comprises about 3.9% of Guinness Atkinson Asset Management Inc’s holdings, making the stock its 4th largest position. Guinness Atkinson Asset Management Inc’s holdings in Microsoft were worth $7,645,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MSFT. International Assets Investment Management LLC grew its holdings 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 buying an additional 38,422,466 shares during the period. Assenagon Asset Management S.A. grew its holdings in Microsoft by 76.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock valued at $4,439,407,000 after buying an additional 4,568,539 shares during the period. Geode Capital Management LLC grew its holdings in 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 buying an additional 3,264,648 shares during the period. Baillie Gifford & Co. grew its holdings in Microsoft by 46.1% in the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock valued at $3,032,859,000 after buying an additional 2,222,483 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Microsoft by 4.1% in 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 valued at $23,490,417,000 after buying an additional 2,125,030 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Wedbush restated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. Mizuho decreased their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. UBS Group decreased their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on 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 sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $401.02 on Thursday. The business’s 50 day moving average is $417.97 and its two-hundred day moving average is $422.24. Microsoft Co. has a 52-week low of $381.00 and a 52-week high of $468.35. The firm has a market cap of $2.98 trillion, a price-to-earnings ratio of 32.29, a PEG ratio of 2.21 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the firm earned $2.93 EPS. Analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal 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.