Microsoft Corporation (MSFT) : Credit Suisse Ag scooped up 1,436,349 additional shares in Microsoft Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 20,573,362 shares of Microsoft Corporation which is valued at $1,192,020,594.Microsoft Corporation makes up approximately 1.47% of Credit Suisse Ag’s portfolio.
Other Hedge Funds, Including , Vantage Investment Partners sold out all of its stake in MSFT during the most recent quarter. The investment firm sold 186,123 shares of MSFT which is valued $10,783,967.Pbwm Holdings reduced its stake in MSFT by selling 3,062 shares or 15.44% in the most recent quarter. The Hedge Fund company now holds 16,774 shares of MSFT which is valued at $972,221. Microsoft Corporation makes up approx 0.37% of Pbwm Holdings’s portfolio.Blume Capital Management reduced its stake in MSFT by selling 50,175 shares or 37.0% in the most recent quarter. The Hedge Fund company now holds 85,425 shares of MSFT which is valued at $4,951,233. Microsoft Corporation makes up approx 4.72% of Blume Capital Management’s portfolio.Clarkston Capital Partners boosted its stake in MSFT in the latest quarter, The investment management firm added 36,813 additional shares and now holds a total of 626,158 shares of Microsoft Corporation which is valued at $35,421,758. Microsoft Corporation makes up approx 1.77% of Clarkston Capital Partners’s portfolio.Academy Capital Management Inctx reduced its stake in MSFT by selling 20,243 shares or 7.12% in the most recent quarter. The Hedge Fund company now holds 264,154 shares of MSFT which is valued at $14,943,192. Microsoft Corporation makes up approx 3.85% of Academy Capital Management Inctx’s portfolio.
Microsoft Corporation opened for trading at $57.9 and hit $58.18 on the upside on Tuesday, eventually ending the session at $57.89, with a gain of 0.38% or 0.22 points. The heightened volatility saw the trading volume jump to 1,87,32,373 shares. Company has a market cap of $451,109 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 Companys 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.