Westfield Capital Management Co. LP lowered its stake in Microsoft Corporation (NASDAQ:MSFT) by 13.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,013,932 shares of the software giant’s stock after selling 448,717 shares during the period. Microsoft Corporation makes up approximately 1.7% of Westfield Capital Management Co. LP’s portfolio, making the stock its 4th largest position. Westfield Capital Management Co. LP’s holdings in Microsoft Corporation were worth $198,498,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Northstar Group Inc. increased its stake in shares of Microsoft Corporation by 0.3% in the first quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock valued at $248,000 after buying an additional 12 shares in the last quarter. Gierl Augustine Investment Management Inc increased its stake in shares of Microsoft Corporation by 0.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock valued at $266,000 after buying an additional 13 shares in the last quarter. Vista Capital Partners Inc. increased its stake in shares of Microsoft Corporation by 0.4% in the first quarter. Vista Capital Partners Inc. now owns 9,411 shares of the software giant’s stock valued at $620,000 after buying an additional 36 shares in the last quarter. Horizon Kinetics LLC increased its stake in shares of Microsoft Corporation by 0.3% in the fourth quarter. Horizon Kinetics LLC now owns 18,380 shares of the software giant’s stock valued at $1,142,000 after buying an additional 50 shares in the last quarter. Finally, McQueen Ball & Associates Inc. increased its stake in shares of Microsoft Corporation by 0.6% in the first quarter. McQueen Ball & Associates Inc. now owns 8,862 shares of the software giant’s stock valued at $584,000 after buying an additional 57 shares in the last quarter. 72.86% of the stock is owned by institutional investors.

Shares of Microsoft Corporation (NASDAQ MSFT) opened at 72.25 on Wednesday. The company’s 50 day moving average is $71.41 and its 200 day moving average is $67.60. The company has a market capitalization of $556.90 billion, a price-to-earnings ratio of 26.66 and a beta of 1.01. Microsoft Corporation has a one year low of $55.61 and a one year high of $74.42.

Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. Microsoft Corporation’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 earnings per share. Equities research analysts predict that Microsoft Corporation will post $3.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.

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Several brokerages have recently issued reports on MSFT. Credit Suisse Group began coverage on shares of Microsoft Corporation in a research report on Thursday, April 27th. They set an “outperform” rating and a $80.00 price objective for the company. BidaskClub downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Barclays PLC reissued an “overweight” rating and set a $82.00 price objective (up previously from $77.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Raymond James Financial, Inc. increased their price objective on shares of Microsoft Corporation to $84.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Finally, MKM Partners reissued a “neutral” rating and set a $70.00 price objective (up previously from $66.00) on shares of Microsoft Corporation in a research report on Sunday, July 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $76.15.

In related news, EVP Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $69.11, for a total value of $207,330.00. Following the transaction, the executive vice president now directly owns 216,507 shares in the company, valued at $14,962,798.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jean Philippe Courtois sold 26,165 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the completion of the transaction, the insider now owns 570,843 shares in the company, valued at $39,388,167. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,060,855 shares of company stock worth $512,251,908. 2.99% of the stock is owned by company insiders.

About Microsoft Corporation

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

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Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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