Purus Wealth Management LLC Grows Stake in Microsoft Co. (NASDAQ:MSFT)

Purus Wealth Management LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,449 shares of the software giant’s stock after buying an additional 104 shares during the period. Microsoft makes up 2.1% of Purus Wealth Management LLC’s holdings, making the stock its 10th biggest holding. Purus Wealth Management LLC’s holdings in Microsoft were worth $5,247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Christopher J. Hasenberg Inc boosted its stake in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares in the last quarter. IFS Advisors LLC boosted its stake in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after acquiring an additional 35 shares in the last quarter. Quarry LP acquired a new stake in Microsoft in the second quarter valued at approximately $45,000. Avondale Wealth Management boosted its stake in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Microsoft in the third quarter valued at approximately $62,000. 71.13% of the stock is currently owned by institutional investors.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now owns 49,352 shares in the company, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MSFT. UBS Group lowered their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Finally, StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Stock Up 3.2 %

MSFT stock opened at $401.02 on Thursday. The firm has a market cap of $2.98 trillion, a PE ratio of 32.29, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm’s fifty day moving average is $417.97 and its 200 day moving average is $422.24. Microsoft Co. has a one year low of $381.00 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter last year, the firm earned $2.93 EPS. On average, research analysts forecast that Microsoft Co. will post 13.08 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.