ClariVest Asset Management LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 507,080 shares of the software giant's stock after selling 35,361 shares during the quarter. Microsoft accounts for approximately 8.7% of ClariVest Asset Management LLC's portfolio, making the stock its 2nd largest holding. ClariVest Asset Management LLC's holdings in Microsoft were worth $160,111,000 at the end of the most recent quarter.
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Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Microsoft by 1.0% during the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant's stock worth $147,714,197,000 after acquiring an additional 6,129,708 shares during the last quarter. State Street Corp lifted its stake in shares of Microsoft by 0.7% in the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant's stock valued at $68,824,173,000 after purchasing an additional 1,951,554 shares in the last quarter. FMR LLC lifted its stake in shares of Microsoft by 2.7% in the third quarter. FMR LLC now owns 215,874,152 shares of the software giant's stock worth $68,162,263,000 after acquiring an additional 5,762,902 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Microsoft by 0.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant's stock worth $50,302,677,000 after acquiring an additional 556,020 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC grew its stake in Microsoft by 112,158.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant's stock worth $36,017,948,000 after purchasing an additional 150,053,637 shares in the last quarter. Hedge funds and other institutional investors own 69.20% of the company's stock.
Microsoft Trading Down 0.7 %
Shares of NASDAQ MSFT opened at $406.22 on Monday. The stock has a market cap of $3.02 trillion, a P/E ratio of 36.73, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. Microsoft Co. has a 52-week low of $245.73 and a 52-week high of $420.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. The firm has a 50 day moving average price of $399.55 and a two-hundred day moving average price of $365.88.
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Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, topping the consensus estimate of $2.76 by $0.17. The company had revenue of $62.02 billion during the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The company's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.32 EPS. As a group, equities analysts forecast that Microsoft Co. will post 11.63 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Wedbush reaffirmed an "outperform" rating and set a $450.00 price target on shares of Microsoft in a report on Monday, January 29th. Argus boosted their target price on shares of Microsoft from $390.00 to $430.00 and gave the stock a "buy" rating in a research report on Tuesday, December 5th. DA Davidson reissued a "buy" rating and issued a $500.00 price objective on shares of Microsoft in a research note on Tuesday, March 5th. Macquarie upped their price target on Microsoft from $430.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, January 31st. Finally, BNP Paribas raised shares of Microsoft from a "neutral" rating to an "outperform" rating and set a $471.00 price objective for the company in a report on Thursday, January 18th. Four research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $415.00.
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Check Out Our Latest Report on Microsoft
Insiders Place Their Bets
In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the business's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the sale, the insider now owns 11,677,398 shares of the company's stock, valued at approximately $22,770,926.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the transaction, the insider now directly owns 570,826 shares in the company, valued at $231,823,855.12. The disclosure for this sale can be found here. Insiders sold 1,048,303 shares of company stock valued at $21,821,514 over the last ninety days. 0.03% of the stock is currently owned by insiders.
About Microsoft
(Free Report)
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.
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Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT - Free Report).
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