Microsoft Corporation (MSFT) Position Cut by Scge Management L.P.

Scge Management L.P. cut its stake in Microsoft Corporation (NASDAQ:MSFT) by 25.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 485,000 shares of the software giant’s stock after selling 165,000 shares during the quarter. Microsoft Corporation makes up 8.3% of Scge Management L.P.’s portfolio, making the stock its 4th biggest holding. Scge Management L.P.’s holdings in Microsoft Corporation were worth $31,942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of MSFT. Asset Planning Services Ltd. increased its position in Microsoft Corporation by 93.0% during the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after buying an additional 837 shares during the last quarter. Pacific Center for Financial Services bought a new stake in Microsoft Corporation during the fourth quarter valued at about $155,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Microsoft Corporation in the fourth quarter valued at about $161,000. Arcus Capital Partners LLC bought a new stake in shares of Microsoft Corporation in the first quarter valued at about $205,000. Finally, Schneider Downs Wealth Management Advisors LP bought a new stake in shares of Microsoft Corporation in the first quarter valued at about $209,000. 73.47% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on MSFT shares. Vetr cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 price target for the company. in a research note on Tuesday, September 12th. Canaccord Genuity reaffirmed a “hold” rating and set a $76.00 price objective on shares of Microsoft Corporation in a report on Friday. BMO Capital Markets raised their price objective on shares of Microsoft Corporation from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, July 21st. UBS AG reissued a “buy” rating and issued a $82.00 price target (up previously from $73.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $85.00 price target (up previously from $80.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $76.72.

Microsoft Corporation (NASDAQ:MSFT) traded up 0.72% during midday trading on Friday, reaching $75.31. 38,578,441 shares of the company traded hands. Microsoft Corporation has a 1-year low of $56.32 and a 1-year high of $75.49. The stock has a market capitalization of $580.06 billion, a P/E ratio of 27.79 and a beta of 1.00. The firm has a 50-day moving average of $73.27 and a 200-day moving average of $69.57.

Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. Microsoft Corporation’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. On average, analysts predict that Microsoft Corporation will post $3.14 earnings per share for the current year.

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In related news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the sale, the insider now directly owns 537,519 shares in the company, valued at $39,776,406. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. Insiders sold 7,108,526 shares of company stock valued at $515,879,974 over the last 90 days. Company insiders own 2.99% of the company’s stock.

About Microsoft Corporation

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.

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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