Cape Cod Five Cents Savings Bank Trims Holdings in Microsoft Co. (NASDAQ:MSFT)

Cape Cod Five Cents Savings Bank reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,733 shares of the software giant’s stock after selling 1,694 shares during the period. Microsoft accounts for about 2.6% of Cape Cod Five Cents Savings Bank’s portfolio, making the stock its 6th largest holding. Cape Cod Five Cents Savings Bank’s holdings in Microsoft were worth $18,182,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new position in Microsoft in the fourth quarter valued at $26,000. Avondale Wealth Management increased its holdings in Microsoft by 50.5% in the fourth quarter. Avondale Wealth Management now owns 557 shares of the software giant’s stock valued at $57,000 after buying an additional 187 shares during the last quarter. Asset Planning Services Ltd. purchased a new position in Microsoft in the second quarter valued at $116,000. Semmax Financial Advisors Inc. purchased a new position in Microsoft in the fourth quarter valued at $117,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Microsoft by 10.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,347 shares of the software giant’s stock worth $137,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 72.39% of the company’s stock.

In other news, CEO Satya Nadella sold 99,837 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $137.20, for a total transaction of $13,697,636.40. Following the sale, the chief executive officer now owns 1,124,339 shares in the company, valued at $154,259,310.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $135.25, for a total transaction of $5,410,000.00. Following the completion of the transaction, the executive vice president now owns 198,042 shares in the company, valued at approximately $26,785,180.50. The disclosure for this sale can be found here. Insiders have sold 318,757 shares of company stock worth $43,735,918 in the last 90 days. 1.38% of the stock is owned by company insiders.

MSFT has been the topic of several research reports. DZ Bank reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, July 19th. CIBC increased their target price on shares of Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Credit Suisse Group set a $155.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Mizuho set a $152.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $153.00 price objective on shares of Microsoft in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $149.21.

Shares of NASDAQ:MSFT opened at $136.95 on Friday. The firm has a 50-day simple moving average of $137.25 and a 200 day simple moving average of $128.50. The company has a market cap of $1,039.03 billion, a PE ratio of 28.83, a P/E/G ratio of 2.37 and a beta of 1.22. Microsoft Co. has a fifty-two week low of $93.96 and a fifty-two week high of $141.68. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $32.80 billion. During the same period in the prior year, the business earned $1.13 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, research analysts forecast that Microsoft Co. will post 5.22 EPS for the current fiscal year.

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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