Ontario Teachers Pension Plan Board buys $206,422,201 stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Ontario Teachers Pension Plan Board scooped up 1,358,170 additional shares in Microsoft Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 3,562,689 shares of Microsoft Corporation which is valued at $206,422,201.Microsoft Corporation makes up approximately 2.22% of Ontario Teachers Pension Plan Board’s portfolio.

Other Hedge Funds, Including , Sentinel Asset Management boosted its stake in MSFT in the latest quarter, The investment management firm added 36,700 additional shares and now holds a total of 1,651,650 shares of Microsoft Corporation which is valued at $95,696,601. Microsoft Corporation makes up approx 2.17% of Sentinel Asset Management’s portfolio.Simmons Bank reduced its stake in MSFT by selling 1,901 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 98,738 shares of MSFT which is valued at $5,625,104. Microsoft Corporation makes up approx 0.63% of Simmons Bank’s portfolio.Hm Capital Management boosted its stake in MSFT in the latest quarter, The investment management firm added 260 additional shares and now holds a total of 20,700 shares of Microsoft Corporation which is valued at $1,173,276. Microsoft Corporation makes up approx 1.18% of Hm Capital Management’s portfolio. Wedge Capital Management L L Pnc sold out all of its stake in MSFT during the most recent quarter. The investment firm sold 653,754 shares of MSFT which is valued $37,054,777.Deschutes Portfolio Strategy boosted its stake in MSFT in the latest quarter, The investment management firm added 816 additional shares and now holds a total of 15,613 shares of Microsoft Corporation which is valued at $842,477. Microsoft Corporation makes up approx 0.45% of Deschutes Portfolio Strategy’s portfolio.

Microsoft Corporation opened for trading at $58.18 and hit $58.6 on the upside on Monday, eventually ending the session at $58.1, with a gain of 0.12% or 0.07 points. The heightened volatility saw the trading volume jump to 1,64,17,207 shares. Company has a market cap of $452,745 M.

On the company’s financial health, Microsoft Corporation reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.58. The company had revenue of $22642.00 million for the quarter, compared to analysts expectations of $22137.35 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Many Wall Street Analysts have commented on Microsoft Corporation. Company shares were Reiterated by FBN Securities on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $55 .Company shares were Reiterated by UBS on Jul 20, 2016 to “Buy”, Firm has raised the Price Target to $ 62 from a previous price target of $59 .Company shares were Reiterated by BMO Capital Markets on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 62 from a previous price target of $57 .

Microsoft Corporation is engaged in developing licensing and supporting a range of software products and services. The Company also designs and sells hardware and delivers online advertising to the customers. The Company operates in five segments: Devices and Consumer (D&C) Licensing D&C Hardware D&C Other Commercial Licensing and Commercial Other. The Company’s products include operating systems for computing devices servers phones and other intelligent devices; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. It also offers cloud-based solutions that provide customers with software services and content over the Internet by way of shared computing resources located in centralized data centers. It provides consulting and product and solution support services.

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