Microsoft Co. (MSFT) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,492 shares of the software giant’s stock after selling 795 shares during the quarter. Microsoft accounts for 1.3% of Essex Investment Management Co. LLC’s investment portfolio, making the stock its 10th largest position. Essex Investment Management Co. LLC’s holdings in Microsoft were worth $10,304,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MSFT. Osterweis Capital Management Inc. increased its position in shares of Microsoft by 40.2% during the first quarter. Osterweis Capital Management Inc. now owns 427,300 shares of the software giant’s stock worth $39,000,000 after purchasing an additional 122,615 shares in the last quarter. Skye Global Management LP increased its position in shares of Microsoft by 174.8% during the first quarter. Skye Global Management LP now owns 1,998,900 shares of the software giant’s stock worth $182,440,000 after purchasing an additional 1,271,400 shares in the last quarter. HC Financial Advisors Inc. purchased a new stake in shares of Microsoft during the fourth quarter worth approximately $2,206,000. FCG Advisors LLC increased its position in shares of Microsoft by 19.6% during the first quarter. FCG Advisors LLC now owns 25,098 shares of the software giant’s stock worth $2,291,000 after purchasing an additional 4,111 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its position in shares of Microsoft by 5,931.9% during the first quarter. Summit Trail Advisors LLC now owns 4,562,204 shares of the software giant’s stock worth $4,562,000 after purchasing an additional 4,486,569 shares in the last quarter. Institutional investors and hedge funds own 71.80% of the company’s stock.

In other news, insider Jean Philippe Courtois sold 28,941 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $109.00, for a total value of $3,154,569.00. Following the transaction, the insider now owns 529,721 shares of the company’s stock, valued at approximately $57,739,589. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Margaret L. Johnson sold 47,000 shares of the company’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $107.67, for a total value of $5,060,490.00. Following the completion of the transaction, the executive vice president now directly owns 109,687 shares in the company, valued at approximately $11,809,999.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 650,042 shares of company stock worth $71,264,850. Corporate insiders own 1.49% of the company’s stock.

MSFT has been the subject of several research reports. Oppenheimer reiterated a “buy” rating and set a $127.00 price target on shares of Microsoft in a research report on Monday, September 24th. Credit Suisse Group set a $125.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Monday, August 27th. Royal Bank of Canada set a $124.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Monday, September 10th. Atlantic Securities upgraded Microsoft from a “neutral” rating to an “overweight” rating in a research report on Monday, June 25th. Finally, BidaskClub upgraded Microsoft from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $120.08.

NASDAQ MSFT opened at $112.13 on Monday. The firm has a market cap of $880.63 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 2.19 and a beta of 1.28. The company has a current ratio of 2.90, a quick ratio of 2.86 and a debt-to-equity ratio of 0.94. Microsoft Co. has a fifty-two week low of $75.54 and a fifty-two week high of $116.18.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 19th. The software giant reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The business had revenue of $30.09 billion for the quarter, compared to analyst estimates of $29.23 billion. During the same quarter in the prior year, the company posted $0.75 EPS. The company’s quarterly revenue was up 17.5% on a year-over-year basis. Equities analysts anticipate that Microsoft Co. will post 4.25 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, November 14th. This is a positive change from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio is 43.30%.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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