Dakota Wealth Management Has $11.82 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Dakota Wealth Management grew its position in Microsoft Co. (NASDAQ:MSFT) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,203 shares of the software giant’s stock after acquiring an additional 897 shares during the period. Microsoft comprises about 2.3% of Dakota Wealth Management’s portfolio, making the stock its 5th largest holding. Dakota Wealth Management’s holdings in Microsoft were worth $11,817,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in shares of Microsoft by 0.7% during the 2nd quarter. Janus Henderson Group PLC now owns 52,986,086 shares of the software giant’s stock worth $7,097,675,000 after buying an additional 342,648 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Microsoft by 0.8% during the 1st quarter. Clearbridge Investments LLC now owns 24,262,155 shares of the software giant’s stock worth $2,861,479,000 after buying an additional 201,876 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Microsoft by 3.9% during the 2nd quarter. Fisher Asset Management LLC now owns 20,822,243 shares of the software giant’s stock worth $2,789,348,000 after buying an additional 778,351 shares during the period. Lunia Capital LP boosted its holdings in shares of Microsoft by 9,650.2% during the 4th quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock worth $17,037,000 after buying an additional 16,861,809 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Microsoft by 1.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,537,606 shares of the software giant’s stock worth $1,375,016,000 after buying an additional 150,105 shares during the period. 72.39% of the stock is owned by institutional investors.

Several analysts recently commented on MSFT shares. Morgan Stanley lifted their target price on shares of Microsoft from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Jefferies Financial Group set a $93.00 price objective on shares of Microsoft and gave the stock a “sell” rating in a research note on Friday, July 19th. Wedbush reiterated an “outperform” rating on shares of Microsoft in a research note on Thursday, August 29th. Royal Bank of Canada reiterated a “buy” rating and issued a $153.00 price objective on shares of Microsoft in a research note on Wednesday, July 24th. Finally, Argus lifted their price objective on shares of Microsoft to $158.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $149.21.

Shares of NASDAQ:MSFT opened at $136.12 on Thursday. The firm has a 50 day moving average of $137.25 and a 200-day moving average of $128.50. The stock has a market capitalization of $1,050.02 billion, a PE ratio of 28.66, a PEG ratio of 2.39 and a beta of 1.22. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71. Microsoft Co. has a 12 month low of $93.96 and a 12 month high of $141.68.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, beating the consensus estimate of $1.21 by $0.16. The company had revenue of $33.72 billion during the quarter, compared to analysts’ expectations of $32.80 billion. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.13 EPS. On average, research analysts predict that Microsoft Co. will post 5.22 EPS for the current fiscal year.

In related news, EVP Kathleen T. Hogan sold 40,000 shares of Microsoft stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $135.25, for a total transaction of $5,410,000.00. Following the sale, the executive vice president now directly owns 198,042 shares of the company’s stock, valued at approximately $26,785,180.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank H. Brod sold 4,000 shares of Microsoft stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $141.05, for a total transaction of $564,200.00. Following the sale, the insider now directly owns 64,152 shares in the company, valued at $9,048,639.60. The disclosure for this sale can be found here. Insiders sold a total of 318,757 shares of company stock valued at $43,735,918 over the last 90 days. Corporate insiders own 1.38% of the company’s stock.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, 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.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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