Microsoft Co. (NASDAQ:MSFT) Shares Sold by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 66,668 shares of the software giant’s stock after selling 281 shares during the period. Microsoft makes up approximately 2.6% of Clear Harbor Asset Management LLC’s investment portfolio, making the stock its 4th biggest holding. Clear Harbor Asset Management LLC’s holdings in Microsoft were worth $29,797,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new position in Microsoft during the fourth quarter valued at about $58,000. Richardson Capital Management LLC increased its position in Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after buying an additional 129 shares during the last quarter. PayPay Securities Corp increased its position in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares during the last quarter. Bellevue Group AG raised its stake in shares of Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares during the period. Finally, Horizon Financial Services LLC purchased a new position in shares of Microsoft during the 1st quarter valued at $80,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Amy Hood sold 38,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the transaction, the chief financial officer now owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock valued at $77,916,485 over the last quarter. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. UBS Group reduced their price target on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. BMO Capital Markets increased their price objective on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Macquarie lifted their target price on Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Finally, Piper Sandler restated an “overweight” rating and issued a $485.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

Microsoft Stock Up 0.8 %

Shares of NASDAQ MSFT opened at $430.59 on Friday. The company has a market cap of $3.20 trillion, a price-to-earnings ratio of 37.28, a PEG ratio of 2.14 and a beta of 0.90. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average is $423.50 and its 200 day moving average is $423.25. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The company had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. Microsoft’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.69 earnings per share. On average, equities research analysts expect that Microsoft Co. will post 13.04 earnings per share for the current year.

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.