Global Trust Asset Management LLC Decreases Stock Position in Microsoft Co. (NASDAQ:MSFT)

Global Trust Asset Management LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,855 shares of the software giant’s stock after selling 390 shares during the quarter. Microsoft makes up approximately 2.4% of Global Trust Asset Management LLC’s investment portfolio, making the stock its 6th largest position. Global Trust Asset Management LLC’s holdings in Microsoft were worth $6,262,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake 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 acquiring 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% in the third 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 last quarter. Charles Schwab Investment Management Inc. raised its position in 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 last quarter. International Assets Investment Management LLC lifted its holdings in Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after buying an additional 38,422,466 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Microsoft by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock worth $16,104,959,000 after buying an additional 406,940 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Down 0.9 %

NASDAQ:MSFT opened at $393.31 on Monday. Microsoft Co. has a one year low of $381.00 and a one year high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a 50-day moving average of $416.40 and a 200-day moving average of $421.85. The company has a market cap of $2.92 trillion, a PE ratio of 31.67, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data 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 period in the prior year, the business posted $2.93 earnings per share. As a group, equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on MSFT shares. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 target price on shares of Microsoft in a report on Monday, January 27th. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Mizuho cut 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. DA Davidson reissued a “neutral” rating and issued a $425.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Finally, Morgan Stanley lowered their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $509.54.

About Microsoft

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.