Deltec Asset Management LLC Cuts Position in Microsoft Co. (NASDAQ:MSFT)

Deltec Asset Management LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 70,643 shares of the software giant’s stock after selling 484 shares during the quarter. Microsoft accounts for approximately 6.1% of Deltec Asset Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Deltec Asset Management LLC’s holdings in Microsoft were worth $31,574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Norges Bank bought a new position in shares of Microsoft in the 4th quarter worth $35,920,047,000. Vanguard Group Inc. lifted its holdings in shares of Microsoft by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after purchasing an additional 15,701,937 shares in the last quarter. Swedbank AB bought a new position in shares of Microsoft in the 1st quarter worth $5,587,119,000. TCI Fund Management Ltd. bought a new position in shares of Microsoft in the 4th quarter worth $4,000,376,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Microsoft by 77.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock worth $2,642,931,000 after purchasing an additional 2,744,900 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. The sale was disclosed in a filing with the SEC, which is available through this link. In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the sale, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now owns 496,369 shares in the company, valued at approximately $203,784,292.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 130,751 shares of company stock worth $53,628,156. 0.03% of the stock is owned by company insiders.

Microsoft Stock Performance

Shares of Microsoft stock opened at $414.20 on Wednesday. The company has a market capitalization of $3.08 trillion, a PE ratio of 35.86, a P/E/G ratio of 2.03 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The company has a 50-day simple moving average of $425.67 and a two-hundred day simple moving average of $423.06. Microsoft Co. has a one year low of $309.45 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. During the same quarter in the prior year, the company posted $2.69 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. Research analysts expect that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wells Fargo & Company increased their price target on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Morgan Stanley lowered their price target on Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. TD Cowen increased their price target on Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. BMO Capital Markets increased their price target on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Finally, Citigroup decreased their target price on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $494.72.

Microsoft Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.