Chesapeake Asset Management LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.5% in the third quarter, HoldingsChannel reports. The firm owned 64,814 shares of the software giant’s stock after selling 2,342 shares during the period. Microsoft comprises about 4.4% of Chesapeake Asset Management LLC’s investment portfolio, making the stock its 5th largest holding. Chesapeake Asset Management LLC’s holdings in Microsoft were worth $4,828,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MSFT. Acrospire Investment Management LLC boosted its stake in shares of Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after buying an additional 1,200 shares during the last quarter. Stelac Advisory Services LLC boosted its stake in shares of Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares during the last quarter. Pacific Center for Financial Services boosted its stake in shares of Microsoft by 3.0% in the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after buying an additional 75 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Microsoft by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after buying an additional 30 shares during the last quarter. Finally, Ruggie Capital Group boosted its stake in shares of Microsoft by 1,165.9% in the 2nd quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock worth $195,000 after buying an additional 2,600 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on MSFT. Sanford C. Bernstein restated an “outperform” rating and issued a $118.00 target price (up previously from $109.00) on shares of Microsoft in a research note on Thursday, February 1st. UBS Group set a $110.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Thursday, February 1st. Macquarie set a $95.00 target price on Microsoft and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Jefferies Group set a $62.00 target price on Microsoft and gave the stock a “sell” rating in a research note on Thursday, February 1st. Finally, Morgan Stanley boosted their target price on Microsoft from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $99.14.

Microsoft Co. (NASDAQ MSFT) opened at $89.13 on Tuesday. The firm has a market cap of $687,600.00, a price-to-earnings ratio of 60.63, a PEG ratio of 2.05 and a beta of 1.06. Microsoft Co. has a 1-year low of $63.62 and a 1-year high of $96.07. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.09. The firm had revenue of $28.92 billion for the quarter, compared to analysts’ expectations of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 earnings per share. research analysts expect that Microsoft Co. will post 3.62 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. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.88%. Microsoft’s payout ratio is currently 114.29%.

In related news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total value of $333,760.00. Following the transaction, the executive vice president now owns 184,278 shares of the company’s stock, valued at $15,376,156.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Frank H. Brod sold 18,000 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. Corporate 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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