Envestnet Portfolio Solutions Inc. Boosts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Envestnet Portfolio Solutions Inc. grew its position in Microsoft Co. (NASDAQ:MSFT) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 510,807 shares of the software giant’s stock after acquiring an additional 10,243 shares during the quarter. Microsoft comprises 0.8% of Envestnet Portfolio Solutions Inc.’s holdings, making the stock its 27th largest position. Envestnet Portfolio Solutions Inc.’s holdings in Microsoft were worth $228,305,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Microsoft by 0.5% during 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 buying an additional 3,078,099 shares during the period. Norges Bank acquired a new position in shares of Microsoft in the 4th quarter valued at $35,920,047,000. Capital International Investors increased its position 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 purchasing an additional 842,884 shares during the last quarter. Jennison Associates LLC raised its holdings in Microsoft by 1.1% in the 4th quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock valued at $9,591,126,000 after buying an additional 277,881 shares during the period. Finally, Fisher Asset Management LLC lifted its position in Microsoft by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock valued at $9,544,532,000 after buying an additional 403,409 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Microsoft

In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the sale, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares of the company’s stock, valued at $353,189,942.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Amy Hood sold 38,000 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value 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 approximately $203,784,292.95. The disclosure for this sale can be found here. Insiders sold 130,751 shares of company stock valued at $53,628,156 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MSFT has been the subject of a number of research analyst reports. Citigroup lowered their price objective on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating for the company 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. BMO Capital Markets lifted their target price on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Oppenheimer increased their price target on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Finally, Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $494.72.

Microsoft Trading Up 2.1 %

Shares of NASDAQ:MSFT opened at $414.20 on Wednesday. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The firm has a market cap of $3.08 trillion, a P/E ratio of 35.86, a P/E/G ratio of 2.03 and a beta of 0.90. The company has a 50 day moving average of $425.67 and a 200-day moving average of $423.06.

Microsoft (NASDAQ:MSFT) last released 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. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. During the same period in the prior year, the firm posted $2.69 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, analysts anticipate that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

About Microsoft

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.