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Institutional Investors Update on Microsoft (MSFT) Stock
9 months agoUS
Several institutional investors have recently adjusted their positions in Microsoft Corporation (MSFT). This article summarizes these changes, insider activity, and analyst ratings, providing an overview of the current sentiment surrounding the stock.
Key Insights
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MBL Wealth LLC increased its holdings by 5.9%, owning 19,417 shares worth $7,289,000 as of the last quarter.
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Ancora Advisors LLC boosted its stake by 1.1%, holding 244,773 shares valued at $91.89 million.
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BSN CAPITAL PARTNERS Ltd acquired a new stake, purchasing 834,000 shares valued at approximately $322.1 million.
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CEO Satya Nadella sold 149,205 shares at an average price of $504.78.
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Analysts have a "Moderate Buy" rating with an average target price of $612.54.
In-Depth Analysis
Several institutional investors have adjusted their stakes in Microsoft Corporation (MSFT). MBL Wealth LLC increased its holdings by 5.9% to 19,417 shares, representing 0.7% of its portfolio. Ancora Advisors LLC increased their stake by 1.1%, now holding 244,773 shares, which accounts for 2.0% of their holdings. BSN CAPITAL PARTNERS Ltd initiated a new position, acquiring 834,000 shares, making up 15.7% of their portfolio.
Other firms like Brady Martz Wealth Solutions LLC and Strategic Financial Services Inc. also increased their positions. Conversely, Microsoft's CEO Satya Nadella sold 149,205 shares at $504.78 per share.
Analyst ratings remain positive, with a consensus of "Moderate Buy" and an average price target of $612.54. Recent reports from Royal Bank Of Canada, TD Cowen, and Wells Fargo & Company have increased their price targets for Microsoft.
Microsoft last reported earnings on July 30th, with an EPS of $3.65, surpassing estimates by $0.30. The company's revenue was $76.44 billion, up 18.1% year-over-year.
FAQs
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Q: What was Microsoft's EPS in the last quarter?
Microsoft reported an EPS of $3.65 for the quarter ending July 30th.
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Q: What is the analyst consensus rating for Microsoft?
The consensus rating is "Moderate Buy" with an average price target of $612.54.
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Q: Did any Microsoft insiders sell shares recently?
Yes, CEO Satya Nadella sold 149,205 shares in early September.
Key Takeaways
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Institutional investors are actively adjusting their positions in Microsoft, reflecting ongoing confidence in the company.
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Analyst ratings remain positive, suggesting potential upside for the stock.
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Monitor insider transactions and institutional activity for further insights into market sentiment.
Discussion
Do you think these institutional investments will drive MSFT higher? Share this article with others who need to stay ahead of this trend!
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