Microsoft Co. (NASDAQ:MSFT) Stake Trimmed by Sawtooth Solutions LLC

Share on StockTwits

Sawtooth Solutions LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 67.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,813 shares of the software giant’s stock after selling 118,290 shares during the quarter. Sawtooth Solutions LLC’s holdings in Microsoft were worth $7,745,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Berkeley Capital Partners LLC grew its stake in Microsoft by 17.5% during the 2nd quarter. Berkeley Capital Partners LLC now owns 13,609 shares of the software giant’s stock valued at $1,823,000 after acquiring an additional 2,028 shares in the last quarter. Hotaling Investment Management LLC grew its stake in Microsoft by 0.7% during the 2nd quarter. Hotaling Investment Management LLC now owns 56,635 shares of the software giant’s stock valued at $7,587,000 after acquiring an additional 373 shares in the last quarter. Glassman Wealth Services grew its stake in Microsoft by 1.5% during the 2nd quarter. Glassman Wealth Services now owns 40,049 shares of the software giant’s stock valued at $5,365,000 after acquiring an additional 607 shares in the last quarter. Acadian Asset Management LLC grew its stake in Microsoft by 2.1% during the 2nd quarter. Acadian Asset Management LLC now owns 3,295,251 shares of the software giant’s stock valued at $441,433,000 after acquiring an additional 67,026 shares in the last quarter. Finally, Keel Point LLC grew its stake in Microsoft by 5.5% during the 2nd quarter. Keel Point LLC now owns 19,511 shares of the software giant’s stock valued at $2,614,000 after acquiring an additional 1,017 shares in the last quarter. 72.39% of the stock is currently owned by institutional investors.

In other Microsoft news, CEO Satya Nadella sold 99,837 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $137.20, for a total value of $13,697,636.40. Following the sale, the chief executive officer now directly owns 1,124,339 shares in the company, valued at $154,259,310.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Amy Hood sold 123,769 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $137.26, for a total value of $16,988,532.94. Following the completion of the sale, the chief financial officer now owns 433,940 shares in the company, valued at $59,562,604.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 318,757 shares of company stock worth $43,735,918. 1.38% of the stock is currently owned by company insiders.

Several research firms have weighed in on MSFT. Credit Suisse Group set a $155.00 target price on Microsoft and gave the company a “buy” rating in a research note on Wednesday, September 4th. Morgan Stanley boosted their price target on Microsoft from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Deutsche Bank set a $155.00 price target on Microsoft and gave the company a “buy” rating in a research note on Wednesday, July 17th. Oppenheimer boosted their price target on Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Finally, Mizuho set a $152.00 price target on Microsoft and gave the company a “buy” rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. Microsoft currently has a consensus rating of “Buy” and a consensus target price of $149.21.

Shares of MSFT traded up $0.38 on Friday, reaching $137.90. 3,561,005 shares of the stock traded hands, compared to its average volume of 22,346,984. The firm has a market cap of $1,039.03 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 2.37 and a beta of 1.22. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50. Microsoft Co. has a 12 month low of $93.96 and a 12 month high of $141.68. The stock’s 50-day moving average price is $137.25 and its 200-day moving average price is $128.50.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. The business had revenue of $33.72 billion for the quarter, compared to analysts’ expectations of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. Microsoft’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.13 earnings per share. As a group, equities research analysts forecast that Microsoft Co. will post 5.22 earnings per share for the current fiscal year.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, 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.

Recommended Story: What is total return in investing?

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.