A purchase of Microsoft Corporation shares 5 years ago means a more than tripled investment today. Ask analysts and brokerage firms, and investors will be told how good a time it is to buy MSFT. The company’s turnaround from an on-premises software vendor to a cloud juggernaut is complete. Although the change started well before Satya Nadella took over, the CEO helped change the stock from a doubtful purchase to a steady climber.
Today, Learnbonds considers the investment analysis, SEC filings, stock purchases and ratings related to the Windows giant. The corporation is on par with analyst expectations and is poised to remain healthy for the foreseeable future. Take a glance at the confidence backing Microsoft Corporation shares today.
Purchased Microsoft Corporation shares (NASDAQ:MSFT)
Castleark Management LLC saw Microsoft Corporation shares as a great purchase last quarter. The corporation upped its stake in NASDAQ:MSFT by 47.7 percent during the period. Over 295,000 were bught by the investment firm. It now has just under a million shares valued at almost $57 billion.
Archford Capital Strategies also grew its investment in Microsoft Corporation shares during the firms’ fourth financial quarter. Archford upped its stake by 7.9 percent back then. Now, the management company has nearly 71,000 MSFT shares under its belt. The period saw Archford Capital taking 4,994 more shares which pushed its total NASDAQ:MSFT position to $4.4 billion.
Independent Investment Alliance had not been in possession of Microsoft Corporation shares until last quarter. The three month period leading up to June saw the company make a $3 million investment in the tech company.
There is also LeJeune Punets Investment. This particular firm was not immune the bullishness over Microsoft Corporation shares either. LeJeune had no position in MSFT before the last quarter. Now, the company has nearly $3 billion invested in the company.
A look at Wall Street Access shows the management corporation with 116,028 MSFT shares at the end of last quarter. That figure represents a 20,154 share increase for the period. The company’s total value of MSFT shares equals more than $7.2 million.
Cashed in Microsoft Corporation shares (NASDAQ:MSFT)
It wasn’t all purchases, though. The previous fiscal quarter saw numerous entities cashing in on their investments. Consider, Gareth Morgan Investment Limited. The company sold 1.1 percent of its position in NASDAQ:MSFT this quarter. The company retains a position in the tech giant worth $25 million.
The Macquarie Group Ltd. shed its stake in NASDAQ:MSFT this quarter, too. The move represents a 4.7 percent reduction, according to an SEC filing. The group sold 282,590 shares and now has a total Microsoft Corporation shares holding of 2.6 million. In terms of monetary value, that comes to over $412 million.
Over 73 percent of Microsoft Corporation shares are in the hands of institutional investors and hedge funds. The company is considered a “buy” for the most part. Its average target comes to $76,72 when considering the research of 35 brokerage firms.