Regentatlantic Capital LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 6.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,535 shares of the software giant’s stock after selling 14,666 shares during the period. Microsoft accounts for 1.2% of Regentatlantic Capital LLC’s portfolio, making the stock its 12th largest position. Regentatlantic Capital LLC’s holdings in Microsoft were worth $13,075,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in MSFT. State Street Corp increased its position in Microsoft by 2.8% in the fourth quarter. State Street Corp now owns 316,129,357 shares of the software giant’s stock valued at $19,644,277,000 after buying an additional 8,757,128 shares in the last quarter. FMR LLC increased its position in Microsoft by 11.0% in the fourth quarter. FMR LLC now owns 177,344,854 shares of the software giant’s stock valued at $11,020,210,000 after buying an additional 17,606,133 shares in the last quarter. Norges Bank purchased a new position in Microsoft during the fourth quarter valued at approximately $4,334,099,000. Janus Capital Management LLC increased its position in Microsoft by 9.4% in the fourth quarter. Janus Capital Management LLC now owns 49,271,731 shares of the software giant’s stock valued at $3,061,887,000 after buying an additional 4,250,705 shares in the last quarter. Finally, Dodge & Cox purchased a new position in Microsoft during the fourth quarter valued at approximately $2,658,504,000. 72.78% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Microsoft Co. (NASDAQ:MSFT) opened at 71.21 on Friday. Microsoft Co. has a 12-month low of $48.03 and a 12-month high of $72.89. The stock has a market capitalization of $549.78 billion, a PE ratio of 31.43 and a beta of 0.99. The stock has a 50 day moving average price of $69.70 and a 200-day moving average price of $65.63.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, April 27th. The software giant reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.04. The company had revenue of $23.56 billion during the quarter, compared to analyst estimates of $23.62 billion. Microsoft had a return on equity of 27.80% and a net margin of 21.73%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.62 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post $3.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be given a $0.39 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.19%. Microsoft’s dividend payout ratio is currently 69.03%.

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A number of brokerages have recently issued reports on MSFT. Vetr downgraded Microsoft from a “buy” rating to a “hold” rating and set a $67.45 price objective for the company. in a research report on Wednesday, March 1st. Pacific Crest restated a “buy” rating and set a $78.00 price objective (up from $70.00) on shares of Microsoft in a research report on Friday, April 28th. William Blair restated an “outperform” rating on shares of Microsoft in a research report on Friday, April 28th. Raymond James Financial, Inc. restated a “strong-buy” rating on shares of Microsoft in a research report on Friday, March 17th. Finally, Goldman Sachs Group, Inc. (The) raised their price objective on Microsoft from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $70.49.

In related news, EVP Christopher C. Capossela sold 4,927 shares of Microsoft stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $68.75, for a total value of $338,731.25. Following the completion of the transaction, the executive vice president now owns 214,080 shares in the company, valued at $14,718,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of Microsoft stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $68.85, for a total value of $481,950,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,060,786 shares of company stock valued at $831,893,332. 2.99% of the stock is currently owned by company insiders.

About Microsoft

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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