Van ECK Associates Corp Has $16.38 Million Holdings in Microsoft Co. (MSFT)
Van ECK Associates Corp cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,916 shares of the software giant’s stock after selling 13,625 shares during the quarter. Van ECK Associates Corp’s holdings in Microsoft were worth $16,382,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Microsoft by 4.6% during the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after purchasing an additional 25,053,413 shares during the last quarter. Capital Research Global Investors raised its holdings in Microsoft by 212.3% during the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after purchasing an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Microsoft by 609.4% during the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after purchasing an additional 42,243,011 shares during the last quarter. Legal & General Group Plc raised its holdings in Microsoft by 1.1% during the second quarter. Legal & General Group Plc now owns 37,689,022 shares of the software giant’s stock worth $2,597,786,000 after purchasing an additional 425,485 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Microsoft by 2.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 29,622,483 shares of the software giant’s stock worth $2,041,878,000 after purchasing an additional 657,294 shares during the last quarter. Hedge funds and other institutional investors own 72.94% of the company’s stock.
In other Microsoft news, CMO Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the sale, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $93.00, for a total value of $325,500.00. Following the sale, the executive vice president now directly owns 174,778 shares of the company’s stock, valued at approximately $16,254,354. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,000 shares of company stock valued at $930,900. 1.49% of the stock is owned by company insiders.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The firm had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. During the same quarter in the previous year, the business earned $0.83 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. equities research analysts forecast that Microsoft Co. will post 3.64 EPS for the current year.
Several equities analysts recently issued reports on the company. ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Vetr cut Microsoft from a “buy” rating to a “hold” rating and set a $93.54 price objective for the company. in a report on Wednesday, January 17th. Instinet assumed coverage on Microsoft in a report on Thursday, January 25th. They set a “buy” rating for the company. UBS Group set a $105.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Friday, January 19th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $100.00 price objective (up from $90.00) on shares of Microsoft in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $99.20.
Microsoft Company Profile
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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