Tran Capital Management L.P. Has $68.85 Million Position in Microsoft Co. (NASDAQ:MSFT)

Tran Capital Management L.P. reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 154,045 shares of the software giant’s stock after selling 2,701 shares during the period. Microsoft accounts for about 8.0% of Tran Capital Management L.P.’s holdings, making the stock its biggest position. Tran Capital Management L.P.’s holdings in Microsoft were worth $68,850,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Flynn Zito Capital Management LLC raised its stake in shares of Microsoft by 0.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 10,066 shares of the software giant’s stock worth $3,785,000 after purchasing an additional 94 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Microsoft by 1.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,797,891 shares of the software giant’s stock worth $1,428,159,000 after acquiring an additional 49,526 shares during the period. Mathes Company Inc. boosted its stake in Microsoft by 0.5% in the fourth quarter. Mathes Company Inc. now owns 18,154 shares of the software giant’s stock valued at $6,827,000 after acquiring an additional 87 shares during the last quarter. Allen Capital Group LLC grew its position in shares of Microsoft by 5.9% during the 4th quarter. Allen Capital Group LLC now owns 18,669 shares of the software giant’s stock valued at $7,020,000 after acquiring an additional 1,046 shares during the period. Finally, Avior Wealth Management LLC increased its stake in shares of Microsoft by 3.1% during the 4th quarter. Avior Wealth Management LLC now owns 50,337 shares of the software giant’s stock worth $18,929,000 after purchasing an additional 1,533 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Trading Up 0.9 %

NASDAQ MSFT opened at $427.00 on Friday. The stock’s 50-day simple moving average is $424.24 and its two-hundred day simple moving average is $423.09. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.17 trillion, a price-to-earnings ratio of 36.97, a PEG ratio of 2.03 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating 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 company had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. During the same period last year, the firm posted $2.69 EPS. Microsoft’s revenue for the quarter was up 15.2% compared to the same quarter last year. Research analysts forecast that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. BMO Capital Markets upped their price objective on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Mizuho increased their price target on Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. UBS Group lowered their price objective on Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. Finally, Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $494.72.

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.