Parametric Portfolio Associates LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,522,906 shares of the software giant’s stock after purchasing an additional 913,251 shares during the period. Microsoft comprises about 1.6% of Parametric Portfolio Associates LLC’s holdings, making the stock its 4th largest position. Parametric Portfolio Associates LLC owned approximately 0.25% of Microsoft worth $1,454,261,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of MSFT. Capital Research Global Investors boosted its stake in shares of Microsoft by 212.3% during the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after acquiring an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Microsoft by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after acquiring an additional 42,243,011 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Microsoft by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after acquiring an additional 25,053,413 shares in the last quarter. Tiger Global Management LLC boosted its stake in shares of Microsoft by 395.2% during the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock worth $722,903,000 after acquiring an additional 8,369,500 shares in the last quarter. Finally, Polen Capital Management LLC bought a new stake in shares of Microsoft during the 3rd quarter worth about $527,480,000. 73.88% of the stock is currently owned by institutional investors.
In related news, EVP Christopher C. Capossela sold 3,500 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the sale, the executive vice president now directly owns 174,778 shares of the company’s stock, valued at approximately $16,254,354. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the sale, the chief marketing officer now directly owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,000 shares of company stock valued at $930,900 over the last ninety days. Insiders own 1.49% of the company’s stock.
Several analysts recently weighed in on MSFT shares. Piper Jaffray Companies restated a “buy” rating and set a $100.00 target price on shares of Microsoft in a research note on Monday, November 27th. UBS set a $105.00 target price on Microsoft and gave the company a “buy” rating in a research note on Friday, December 8th. Sanford C. Bernstein set a $100.00 target price on Microsoft and gave the company a “buy” rating in a research note on Thursday, December 7th. Oppenheimer set a $100.00 target price on Microsoft and gave the company a “buy” rating in a research note on Monday, January 1st. Finally, ValuEngine upgraded Microsoft from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-one have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $99.41.
Microsoft Co. (NASDAQ:MSFT) opened at $94.60 on Friday. Microsoft Co. has a twelve month low of $64.12 and a twelve month high of $97.24. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $728,400.38, a P/E ratio of 26.95, a PEG ratio of 2.18 and a beta of 1.04.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping 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 business had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. During the same period in the prior year, the firm posted $0.83 EPS. Microsoft’s quarterly revenue was up 11.9% compared to the same quarter last year. research analysts predict that Microsoft Co. will post 3.65 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 dividend on an annualized basis and a yield of 1.78%. Microsoft’s dividend payout ratio is 115.07%.
TRADEMARK VIOLATION NOTICE: “Parametric Portfolio Associates LLC Has $1.45 Billion Holdings in Microsoft Co. (MSFT)” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/03/18/parametric-portfolio-associates-llc-has-1-45-billion-holdings-in-microsoft-co-msft.html.
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.
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.