Dupont Capital Management Corp Has $67.66 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Dupont Capital Management Corp cut its stake in Microsoft Co. (NASDAQ:MSFT) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,379 shares of the software giant’s stock after selling 3,162 shares during the period. Microsoft makes up about 5.9% of Dupont Capital Management Corp’s portfolio, making the stock its 2nd biggest holding. Dupont Capital Management Corp’s holdings in Microsoft were worth $67,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Microsoft by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after acquiring an additional 3,078,099 shares in the last quarter. Norges Bank acquired a new position in shares of Microsoft during the 4th quarter worth $35,920,047,000. Capital International Investors raised its holdings in shares of Microsoft by 1.0% during the 1st quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock worth $35,160,020,000 after buying an additional 842,884 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Microsoft by 1.1% during the 4th quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock worth $9,591,126,000 after buying an additional 277,881 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Microsoft by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock worth $9,544,532,000 after buying an additional 403,409 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on MSFT. Morgan Stanley lowered their price target on Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Piper Sandler reissued an “overweight” rating and set a $485.00 price target on shares of Microsoft in a report on Wednesday, July 31st. New Street Research began coverage on Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 price target for the company. Oppenheimer boosted their price target on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Finally, Tigress Financial upped their target price on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $494.72.

Insider Activity at Microsoft

In related 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 transaction of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related 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 transaction of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 transaction, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock worth $77,916,485 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.8 %

Shares of Microsoft stock opened at $430.59 on Monday. Microsoft Co. has a one year low of $309.45 and a one year high of $468.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. The stock’s 50-day moving average is $423.50 and its 200 day moving average is $423.47. The firm 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.

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

Microsoft Company 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.