Canada Pension Plan Investment Board raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 11.2% in the third quarter, HoldingsChannel reports. The firm owned 15,486,858 shares of the software giant’s stock after buying an additional 1,555,100 shares during the period. Microsoft comprises 2.4% of Canada Pension Plan Investment Board’s holdings, making the stock its 4th largest position. Canada Pension Plan Investment Board’s holdings in Microsoft were worth $1,153,616,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nottingham Advisors Inc. grew its position in Microsoft by 0.4% during the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after buying an additional 22 shares during the period. American Economic Planning Group Inc. ADV grew its position in Microsoft by 0.5% during the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock valued at $340,000 after buying an additional 23 shares during the period. Carderock Capital Management Inc. grew its position in Microsoft by 0.7% during the second quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock valued at $274,000 after buying an additional 26 shares during the period. Appropriate Balance Financial Services Inc. grew its position in Microsoft by 4.7% during the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after buying an additional 29 shares during the period. Finally, AlphaMark Advisors LLC grew its position in Microsoft by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 73.19% of the company’s stock.

Several equities analysts recently weighed in on MSFT shares. Canaccord Genuity restated a “buy” rating and set a $94.00 price target (up previously from $86.00) on shares of Microsoft in a research report on Friday, October 27th. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Barclays set a $95.00 price target on shares of Microsoft and gave the company an “overweight” rating in a research report on Friday, January 12th. Atlantic Securities set a $83.00 price target on shares of Microsoft and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, UBS Group set a $105.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $87.01.

Shares of Microsoft Co. (NASDAQ:MSFT) opened at $90.14 on Thursday. Microsoft Co. has a fifty-two week low of $62.12 and a fifty-two week high of $90.79. The stock has a market cap of $695,390.00, a PE ratio of 30.45, a PEG ratio of 2.09 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The firm had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. research analysts predict that Microsoft Co. will post 3.39 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Wednesday, February 14th. Microsoft’s payout ratio is 56.76%.

In other news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the sale, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Frank H. Brod sold 18,000 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,000 shares of company stock worth $3,759,420. Insiders own 1.49% of the company’s stock.

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Microsoft Company Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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