Shares of Microsoft Co. (NASDAQ:MSFT) bought by TTP Investments Inc.

VaselineAugust 10, 2024

0 4 minutes read

TTP Investments Inc. increased its holdings in Microsoft Co shares. (NASDAQ:MSFT – Free Report) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,365 shares of the software giant’s stock after buying an additional 121 shares during the period. Microsoft accounts for about 3.4% of TTP Investments Inc.’s holdings, making the stock its 9th biggest position. The holdings of TTP Investments Inc. holdings in Microsoft were worth $7,743,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Microsoft by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after purchasing an additional 15,701,937 shares in the last quarter. Norges Bank bought a new position in Microsoft in the fourth quarter valued at about $35,920,047,000. International Assets Investment Management LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at about $9,625,201,000. Jennison Associates LLC boosted its holdings in shares of Microsoft by 1.1% during the fourth quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock valued at $9,591,126,000 after purchasing an additional 277,881 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Microsoft by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock worth $9,544,532,000 after purchasing an additional 403,409 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s shares.

Indoor activity

In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this hyperlink. In related news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold a total of 25,566 shares of company stock worth $10,877,535. Company insiders hold 0.03% of the company’s shares.

Microsoft trading rose 0.8%

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Shares of MSFT opened at $406.02 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23, and a current ratio of 1.27. The company has a market cap of $3.02 trillion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.11 and a beta of 0.90. Microsoft Co. it has a 52-week low of $309.45 and a 52-week high of $468.35. The company has a 50 day simple moving average of $437.21 and a two hundred day simple moving average of $421.77.

Microsoft (NASDAQ:MSFT – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The company had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. Microsoft’s revenue rose 15.2% year over year. In the same quarter last year, the firm posted EPS of $2.69. Research analysts anticipate that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft announces dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a dividend of $3.00 on an annualized basis and a yield of 0.74%. The ex-dividend date is Thursday, August 15. Microsoft’s payout ratio is currently 25.97%.

The Wall Street analyst weighs in

Several equities research analysts have recently weighed in on the stock. Macquarie boosted their price objective on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Evercore ISI upped their price objective on shares of Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Goldman Sachs Group upped their target price on Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Argus raised their price objective on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Finally, Citigroup decreased their price target on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. Microsoft has an average rating of “Moderate Buy” and a consensus price target of $493.06, based on data from MarketBeat.

See the latest stock report on Microsoft

Microsoft company profile

(Free Report)

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 on-premises licensing, and other office services.