Towerpoint Wealth LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 24.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,783 shares of the software giant’s stock after selling 565 shares during the period. Towerpoint Wealth LLC’s holdings in Microsoft were worth $243,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at about $26,000. LFA Lugano Financial Advisors SA raised its position in shares of Microsoft by 274.5% in the second quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock valued at $26,000 after buying an additional 140 shares during the last quarter. Centaurus Financial Inc. raised its position in shares of Microsoft by 21.1% in the first quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock valued at $27,000 after buying an additional 561 shares during the last quarter. Mackey Komara & Dankovich LLC raised its position in shares of Microsoft by 335.8% in the second quarter. Mackey Komara & Dankovich LLC now owns 3,595 shares of the software giant’s stock valued at $113,000 after buying an additional 2,770 shares during the last quarter. Finally, Asset Planning Services Ltd. acquired a new stake in shares of Microsoft in the second quarter valued at about $116,000. 72.39% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Frank H. Brod sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $141.05, for a total value of $564,200.00. Following the completion of the transaction, the insider now owns 64,152 shares of the company’s stock, valued at $9,048,639.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CMO Christopher C. Capossela sold 3,372 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $138.06, for a total transaction of $465,538.32. Following the completion of the transaction, the chief marketing officer now directly owns 136,623 shares of the company’s stock, valued at approximately $18,862,171.38. The disclosure for this sale can be found here. In the last three months, insiders sold 318,757 shares of company stock valued at $43,735,918. Insiders own 1.38% of the company’s stock.

MSFT stock traded up $1.22 during mid-day trading on Thursday, hitting $137.34. 6,659,482 shares of the company were exchanged, compared to its average volume of 25,682,043. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1,050.02 billion, a P/E ratio of 28.91, a PEG ratio of 2.39 and a beta of 1.22. The business has a fifty day simple moving average of $137.25 and a 200-day simple moving average of $128.50. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $141.68.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.16. The company had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. Microsoft’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.13 earnings per share. Research analysts predict that Microsoft Co. will post 5.22 EPS for the current year.

MSFT has been the subject of a number of recent research reports. Deutsche Bank set a $155.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Wednesday, July 17th. Goldman Sachs Group set a $151.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research report on Friday, July 19th. Credit Suisse Group set a $155.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Wells Fargo & Co set a $160.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Oppenheimer raised their price objective on shares of Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $149.21.

About Microsoft

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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