Xact Kapitalforvaltning AB boosted its position in Microsoft Co. (NASDAQ:MSFT) by 2.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,461,285 shares of the software giant’s stock after purchasing an additional 33,059 shares during the period. Microsoft makes up about 3.0% of Xact Kapitalforvaltning AB’s portfolio, making the stock its 2nd largest holding. Xact Kapitalforvaltning AB’s holdings in Microsoft were worth $133,371,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Claraphi Advisory Network LLC lifted its position in shares of Microsoft by 4.8% during the 1st quarter. Claraphi Advisory Network LLC now owns 11,660 shares of the software giant’s stock valued at $1,064,000 after acquiring an additional 529 shares during the last quarter. Nicollet Investment Management Inc. raised its stake in Microsoft by 1.0% during the 1st quarter. Nicollet Investment Management Inc. now owns 54,436 shares of the software giant’s stock valued at $4,968,000 after purchasing an additional 538 shares during the period. Stonebridge Capital Advisors LLC raised its stake in Microsoft by 0.5% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 112,612 shares of the software giant’s stock valued at $10,278,000 after purchasing an additional 539 shares during the period. Clearwater Capital Advisors LLC raised its stake in Microsoft by 10.5% during the 1st quarter. Clearwater Capital Advisors LLC now owns 5,698 shares of the software giant’s stock valued at $520,000 after purchasing an additional 540 shares during the period. Finally, Intrust Bank NA raised its stake in Microsoft by 0.9% during the 1st quarter. Intrust Bank NA now owns 62,648 shares of the software giant’s stock valued at $5,718,000 after purchasing an additional 547 shares during the period. Institutional investors own 71.87% of the company’s stock.

Several brokerages have issued reports on MSFT. Royal Bank of Canada reissued a “buy” rating and set a $124.00 target price on shares of Microsoft in a research note on Monday, September 3rd. BidaskClub raised shares of Microsoft from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 31st. Morgan Stanley reissued a “buy” rating and set a $130.00 target price on shares of Microsoft in a research note on Tuesday, August 28th. Barclays reissued a “buy” rating and set a $117.00 target price on shares of Microsoft in a research note on Friday, August 10th. Finally, Credit Suisse Group set a $125.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Monday, August 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company. Microsoft currently has an average rating of “Buy” and a consensus price target of $119.49.

In related news, CMO Christopher C. Capossela sold 23,337 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $109.22, for a total value of $2,548,867.14. Following the completion of the sale, the chief marketing officer now directly owns 190,570 shares in the company, valued at $20,814,055.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satya Nadella sold 328,000 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $109.44, for a total transaction of $35,896,320.00. Following the completion of the sale, the chief executive officer now owns 778,596 shares of the company’s stock, valued at $85,209,546.24. The disclosure for this sale can be found here. Insiders sold 650,042 shares of company stock worth $71,264,850 over the last ninety days. 1.49% of the stock is currently owned by company insiders.

NASDAQ MSFT opened at $112.91 on Friday. Microsoft Co. has a 1-year low of $72.92 and a 1-year high of $113.72. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.86 and a current ratio of 2.90. The firm has a market capitalization of $860.14 billion, a PE ratio of 28.79, a P/E/G ratio of 2.14 and a beta of 1.26.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.05. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The business had revenue of $30.09 billion for the quarter, compared to the consensus estimate of $29.23 billion. During the same period in the prior year, the business posted $0.75 earnings per share. Microsoft’s revenue for the quarter was up 17.5% compared to the same quarter last year. sell-side analysts predict that Microsoft Co. will post 4.25 EPS for the current year.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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