Veritas Asset Management LLP Acquires 44,400 Shares of Microsoft Co. (NASDAQ:MSFT)

Veritas Asset Management LLP increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,284,112 shares of the software giant’s stock after buying an additional 44,400 shares during the quarter. Microsoft comprises approximately 7.2% of Veritas Asset Management LLP’s investment portfolio, making the stock its 4th largest holding. Veritas Asset Management LLP’s holdings in Microsoft were worth $841,820,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Janus Henderson Group PLC lifted its position 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 valued at $7,097,675,000 after buying an additional 342,648 shares in the last quarter. Clearbridge Investments LLC lifted its position 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 valued at $2,861,479,000 after buying an additional 201,876 shares in the last quarter. Fisher Asset Management LLC lifted its position 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 valued at $2,789,348,000 after buying an additional 778,351 shares in the last quarter. Lunia Capital LP lifted its position 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 valued at $17,037,000 after buying an additional 16,861,809 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Microsoft by 8.0% during the 2nd quarter. Prudential Financial Inc. now owns 15,206,048 shares of the software giant’s stock valued at $2,037,003,000 after buying an additional 1,127,186 shares in the last quarter. Institutional investors own 72.16% of the company’s stock.

Shares of NASDAQ MSFT traded down $0.87 during trading on Monday, hitting $136.45. 390,668 shares of the company were exchanged, compared to its average volume of 21,901,156. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $141.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.50 and a current ratio of 2.53. The company has a fifty day moving average price of $137.19 and a 200-day moving average price of $128.64. The firm has a market capitalization of $1,050.02 billion, a PE ratio of 28.70, a P/E/G ratio of 2.39 and a beta of 1.22.



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

MSFT has been the topic of a number of recent analyst reports. Mizuho set a $152.00 target price on Microsoft and gave the company a “buy” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. restated a “buy” rating and issued a $155.00 price objective on shares of Microsoft in a report on Friday, July 19th. Macquarie raised their price objective on Microsoft from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Stifel Nicolaus raised their price objective on Microsoft from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Wells Fargo & Co set a $160.00 price objective on Microsoft and gave the company a “buy” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $149.21.

In other news, CMO Christopher C. Capossela sold 9,000 shares of Microsoft stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $135.58, for a total transaction of $1,220,220.00. Following the transaction, the chief marketing officer now owns 119,579 shares in the company, valued at approximately $16,212,520.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Frank H. Brod sold 4,000 shares of Microsoft stock in a transaction on Monday, July 29th. The stock was sold at an average price of $141.05, for a total value of $564,200.00. Following the transaction, the insider now owns 64,152 shares in the company, valued at approximately $9,048,639.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 318,757 shares of company stock worth $43,735,918. Insiders own 1.38% of the company’s stock.

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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