Summit Trail Advisors LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,013 shares of the software giant’s stock after selling 394 shares during the quarter. Microsoft makes up about 0.6% of Summit Trail Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Summit Trail Advisors LLC’s holdings in Microsoft were worth $1,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new stake in Microsoft in the fourth quarter valued at $26,000. LFA Lugano Financial Advisors SA lifted its stake in Microsoft by 274.5% in the second quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock valued at $26,000 after buying an additional 140 shares during the last quarter. Centaurus Financial Inc. lifted its stake in Microsoft by 21.1% in the first quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock valued at $27,000 after buying an additional 561 shares during the last quarter. Mackey Komara & Dankovich LLC lifted its stake in Microsoft by 335.8% in the second quarter. Mackey Komara & Dankovich LLC now owns 3,595 shares of the software giant’s stock valued at $113,000 after buying an additional 2,770 shares during the last quarter. Finally, Asset Planning Services Ltd. bought a new stake in Microsoft in the second quarter valued at $116,000. 72.39% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ MSFT traded up $0.38 during midday trading on Friday, reaching $137.90. 3,561,005 shares of the company traded hands, compared to its average volume of 22,346,984. Microsoft Co. has a 52 week low of $93.96 and a 52 week high of $141.68. The stock has a 50-day moving average price of $137.25 and a 200 day moving average price of $128.50. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50. The company has a market cap of $1,039.03 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.37 and a beta of 1.22.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The business had revenue of $33.72 billion for the quarter, compared to analysts’ expectations of $32.80 billion. During the same period in the previous year, the business earned $1.13 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. As a group, analysts expect that Microsoft Co. will post 5.22 EPS for the current year.

In other Microsoft news, CFO Amy Hood sold 123,769 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $137.26, for a total value of $16,988,532.94. Following the sale, the chief financial officer now directly owns 433,940 shares in the company, valued at $59,562,604.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 3,372 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $138.06, for a total transaction of $465,538.32. Following the completion of the sale, the chief marketing officer now owns 136,623 shares in the company, valued at $18,862,171.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 318,757 shares of company stock worth $43,735,918. Company insiders own 1.38% of the company’s stock.

MSFT has been the topic of a number of recent research reports. Stifel Nicolaus raised their target price on Microsoft from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Wells Fargo & Co set a $160.00 target price on Microsoft and gave the company a “buy” rating in a research note on Friday, July 19th. DZ Bank reiterated a “buy” rating on shares of Microsoft in a research note on Friday, July 19th. Morgan Stanley raised their target price on Microsoft from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Cowen initiated coverage on Microsoft in a research note on Thursday, July 11th. They issued an “outperform” rating and a $150.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Microsoft has a consensus rating of “Buy” and an average target price of $149.21.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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