Microsoft Co. (NASDAQ:MSFT) is DLK Investment Management LLC’s 2nd Largest Position

DLK Investment Management LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,793 shares of the software giant’s stock after selling 296 shares during the quarter. Microsoft comprises approximately 6.3% of DLK Investment Management LLC’s portfolio, making the stock its 2nd biggest holding. DLK Investment Management LLC’s holdings in Microsoft were worth $15,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in MSFT. WFA Asset Management Corp boosted its position in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. raised its stake in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares during the period. Beck Bode LLC boosted its holdings in shares of Microsoft by 37.3% in the 2nd quarter. Beck Bode LLC now owns 39,951 shares of the software giant’s stock valued at $17,856,000 after purchasing an additional 10,847 shares during the last quarter. Kendall Capital Management grew its stake in shares of Microsoft by 5.0% during the 2nd quarter. Kendall Capital Management now owns 2,169 shares of the software giant’s stock valued at $969,000 after buying an additional 103 shares during the period. Finally, AllGen Financial Advisors Inc. increased its holdings in shares of Microsoft by 0.7% during the 2nd quarter. AllGen Financial Advisors Inc. now owns 13,942 shares of the software giant’s stock worth $6,231,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other news, 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 value of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now owns 49,352 shares in the company, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MSFT. Mizuho reduced their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus lifted their price objective on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. 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. Piper Sandler restated an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Finally, Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Four analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Stock Up 3.2 %

Shares of NASDAQ:MSFT opened at $401.02 on Thursday. The firm has a market cap of $2.98 trillion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a fifty day simple moving average of $417.97 and a 200 day simple moving average of $422.24. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $381.00 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, topping the consensus estimate 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 period in the prior year, the company posted $2.93 earnings per share. On average, equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft 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.