Assenagon Asset Management SA increased its stake in shares of Microsoft Co. (NASDAQ: MSFT – Get Rating) by 8.3% in the first quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The fund held 6,804,404 shares of the software giant after acquiring an additional 518,766 shares during the period. Microsoft represents 5.8% of the assets of Assenagon Asset Management SA, which makes it its largest asset. Assenagon Asset Management SA’s holdings in Microsoft were worth $2,097,866,000 when it last filed with the Securities and Exchange Commission (SEC).
A number of other institutional investors also changed their positions in the stock. State Street Corp increased its stake in Microsoft shares by 2.8% in the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant valued at $101,750,881,000 after purchasing an additional 8,108,943 shares during the period. Geode Capital Management LLC increased its stake in Microsoft shares by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant valued at $43,313,705,000 after purchasing an additional 3,027,306 shares during the period. Norges Bank bought a new position in Microsoft stock in the fourth quarter worth about $24,401,940,000. Nuveen Asset Management LLC increased its stake in Microsoft shares by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant valued at $19,231,292,000 after purchasing an additional 584,273 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in Microsoft by 7.5% in the third quarter. UBS Asset Management Americas Inc. now owns 46,493,373 shares of the software giant worth $13,107,412,000 after acquiring 3,258,613 additional shares in the last quarter. 69.99% of the shares are currently held by institutional investors and hedge funds.
Performance of Microsoft stocks
MSFT shares opened at $260.36 on Friday. The company has a debt ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. The stock has a market capitalization of $1.95 trillion, a P/E ratio of 27.18, a P/E/G ratio of 2.03 and a beta of 0.93. The company’s fifty-day moving average is $260.39 and its two-hundred-day moving average is $283.19. Microsoft Co. has a 1-year minimum of $241.51 and a 1-year maximum of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last reported quarterly earnings data on Tuesday, April 26. The software giant reported earnings per share (EPS) of $2.22 for the quarter, beating the consensus estimate of $2.18 by $0.04. The company posted revenue of $49.36 billion for the quarter, versus $49.05 billion expected by analysts. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. Microsoft’s revenue increased by 18.4% compared to the same quarter last year. During the same period a year earlier, the company posted EPS of $1.95. On average, sell-side analysts expect Microsoft Co. to post earnings per share of 9.27 for the current year.
Microsoft announces dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8. Shareholders of record on Thursday August 18 will receive a dividend of $0.62 per share. The ex-date of this dividend is Wednesday, August 17. This represents a dividend of $2.48 on an annualized basis and a dividend yield of 0.95%. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.
Changes to analyst ratings
A number of brokerages have recently released reports on MSFT. Deutsche Bank Rese… set a price target of $350.00 on Microsoft shares in a Monday July 18 research note. Redburn Partners began covering Microsoft shares in a research note on Wednesday, June 29. They issued a “buy” rating and a price target of $370.00 for the company. Wells Fargo & Company cut its price target on Microsoft stock from $425.00 to $400.00 and set an “overweight” rating for the company in a Tuesday, April 19 research note. BMO Capital Markets cut its price target on Microsoft shares from $345.00 to $305.00 in a Friday, July 15 research note. Finally, Evercore ISI reduced its price target on Microsoft stock from $370.00 to $330.00 and set an “in-line” rating for the company in a Wednesday, April 27 research note. One research analyst has assigned the stock a hold rating and thirty-one has assigned the stock a buy rating. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $346.52.
Microsoft Company Profile
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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.
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