DLK Investment Management LLC Cuts Holdings in Microsoft Co. (NASDAQ:MSFT)

DLK Investment Management LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 35,793 shares of the software giant’s stock after selling 296 shares during the quarter. Microsoft comprises approximately 6.3% of DLK Investment Management LLC’s holdings, making the stock its 2nd biggest position. DLK Investment Management LLC’s holdings in Microsoft were worth $15,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BCK Partners Inc. raised its position in shares of Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after buying an additional 24 shares in the last quarter. Global Wealth Strategies & Associates raised its holdings in Microsoft by 0.8% in the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after acquiring an additional 25 shares in the last quarter. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares during the period. Sequent Asset Management LLC grew its holdings in shares of Microsoft by 1.3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock worth $853,000 after purchasing an additional 25 shares in the last quarter. Finally, Cypress Point Wealth Management LLC raised its stake in Microsoft by 0.8% in the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after purchasing an additional 25 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company’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 of the company’s stock, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MSFT shares. Wedbush reiterated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. DA Davidson reissued a “neutral” rating and issued a $425.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. UBS Group decreased their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Finally, Piper Sandler restated an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Four analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $510.96.

Microsoft Stock Performance

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

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company earned $2.93 EPS. Sell-side 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.