Point72 Europe London LLP Has $19.37 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Point72 Europe London LLP cut its position in Microsoft Co. (NASDAQ:MSFT) by 55.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,024 shares of the software giant’s stock after selling 56,016 shares during the quarter. Microsoft makes up about 1.2% of Point72 Europe London LLP’s holdings, making the stock its 14th biggest position. Point72 Europe London LLP’s holdings in Microsoft were worth $19,374,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc increased its position in Microsoft by 35.7% during the third 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 period. Quarry LP acquired a new stake in Microsoft in the 2nd quarter worth $45,000. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft during the 3rd quarter worth about $62,000. Carolina Wealth Advisors LLC increased its holdings in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after purchasing an additional 31 shares during the period. Finally, MayTech Global Investments LLC acquired a new position in shares of Microsoft during the second quarter valued at about $200,000. Institutional investors own 71.13% of the company’s stock.

Insider Activity

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,200 shares of company stock valued at $17,383,892. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Truist Financial restated a “buy” rating and set a $600.00 price target on shares of Microsoft in a research note on Monday, October 28th. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Loop Capital boosted their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Finally, Sanford C. Bernstein dropped their price objective on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Stock Up 0.4 %

Shares of NASDAQ MSFT opened at $412.37 on Wednesday. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The firm’s 50-day simple moving average is $432.37 and its 200 day simple moving average is $424.21. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.07 trillion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

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

Microsoft Announces Dividend

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

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.