Gunderson Capital Management Inc. Has $9.44 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Gunderson Capital Management Inc. lowered its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,388 shares of the software giant's stock after selling 6,600 shares during the period. Microsoft accounts for 4.6% of Gunderson Capital Management Inc.'s holdings, making the stock its 9th biggest position. Gunderson Capital Management Inc.'s holdings in Microsoft were worth $9,437,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WFA Asset Management Corp lifted its position in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. lifted its position in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after purchasing an additional 38 shares during the period. Nicholas Investment Partners LP lifted its position in Microsoft by 3.0% during the second quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant's stock valued at $17,763,000 after purchasing an additional 1,164 shares during the period. NRI Wealth Management LC purchased a new position in Microsoft in the second quarter valued at $2,863,000. Finally, Fairbanks Capital Management Inc. increased its holdings in Microsoft by 1.7% in the second quarter. Fairbanks Capital Management Inc. now owns 9,610 shares of the software giant's stock valued at $4,295,000 after buying an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Trading Down 1.9 %

MSFT stock traded down $7.88 during midday trading on Friday, reaching $408.25. 27,440,364 shares of the company's stock traded hands, compared to its average volume of 23,130,024. The company has a market capitalization of $3.03 trillion, a P/E ratio of 32.87, a PEG ratio of 2.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The business has a 50-day moving average price of $425.20 and a two-hundred day moving average price of $422.69.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts' consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the previous year, the business earned $2.93 EPS. Equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. Microsoft's payout ratio is currently 26.73%.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research reports. Sanford C. Bernstein cut their target price on shares of Microsoft from $501.00 to $500.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. UBS Group cut their target price on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Truist Financial reaffirmed a "buy" rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $509.00 price objective on shares of Microsoft in a research note on Wednesday, January 29th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $510.96.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares of the company's stock, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 8,000 shares of company stock valued at $3,493,820. Corporate insiders own 0.03% of the company's stock.

Microsoft Profile

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 licensed on-premises, and other office services.