Proshare Advisors Llc decreased its stake in Microsoft Corp (MSFT) by 36.79% based on its latest 2016Q3 regulatory filing with the SEC. Proshare Advisors Llc sold 1.25 million shares as the company’s stock rose 12.59% with the market. The institutional investor held 2.16 million shares of the prepackaged software company at the end of 2016Q3, valued at $124.16M, down from 3.41 million at the end of the previous reported quarter. Proshare Advisors Llc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $485.34 billion market cap company. The stock decreased 0.03% or $0.02 during the last trading session, hitting $62.62. About 100 shares traded hands. Microsoft Corporation (NASDAQ:MSFT) has risen 20.19% since June 7, 2016 and is uptrending. It has outperformed by 12.77% the S&P500.
Proshare Advisors Llc, which manages about $28.14 billion and $7.16 billion US Long portfolio, upped its stake in Cardinal Health Inc (NYSE:CAH) by 129,808 shares to 648,329 shares, valued at $50.38M in 2016Q3, according to the filing. It also increased its holding in Target Corp (NYSE:TGT) by 162,707 shares in the quarter, for a total of 736,777 shares, and has risen its stake in Wal (NYSE:WMT).
Proshare Advisors Llc is a Maryland-based institutional investor with more than $28.14 billion AUM in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Proshare Advisors latest Adv, the fund reported to have 87 full and part-time employees. Among which 42 performing investment advisory and research functions. The institutional investor had more than 200 clients.
Insitutional Activity: The institutional sentiment decreased to 0.84 in Q3 2016. Its down 0.15, from 0.99 in 2016Q2. The ratio dropped, as 64 funds sold all MSFT shares owned while 921 reduced positions. 123 funds bought stakes while 702 increased positions. They now own 5.39 billion shares or 0.96% less from 5.44 billion shares in 2016Q2. The Massachusetts-based Whale Rock Lc has invested 3.6% in Microsoft Corporation (NASDAQ:MSFT). Autus Asset Mngmt Lc has 0.09% invested in the company for 7,315 shares. Stevens First Principles Invest Advisors has invested 0.07% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Generation Investment Management Limited Liability Partnership has 15.18 million shares for 9.47% of their US portfolio. Menlo Advisors reported 93,801 shares or 4.33% of all its holdings. Moreover, Azimuth Capital Ltd has 1.47% invested in Microsoft Corporation (NASDAQ:MSFT) for 292,364 shares. D E Shaw has invested 0.17% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Axa last reported 0.98% of its portfolio in the stock. Moreover, Amica Pension Fund Board Of Trustees has 2.26% invested in Microsoft Corporation (NASDAQ:MSFT) for 303,399 shares. Salem Cap Mngmt holds 138,934 shares or 4.39% of its portfolio. Ramsay Stattman Vela Price accumulated 117,735 shares or 3.25% of the stock. Perkins Mngmt Ltd Liability Co has 0.41% invested in the company for 513,580 shares. Hikari Limited holds 0.35% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 50,790 shares. Moreover, Gillespie Robinson Grimm Incorporated has 0.14% invested in Microsoft Corporation (NASDAQ:MSFT) for 15,175 shares. Virtus Investment Advisers holds 1% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 270,973 shares.
Insider Transactions: Since July 21, 2016, the stock had 0 buys, and 12 sales for $1.96 billion net activity. BROD FRANK H sold $302,625 worth of stock or 5,000 shares. 2.00 million shares with value of $121.56M were sold by GATES WILLIAM H III on Wednesday, October 26. $714,841 worth of shares were sold by Capossela Christopher C on Wednesday, November 2. Morfit G Mason also sold $1.01 billion worth of Microsoft Corporation (NASDAQ:MSFT) shares. Hood Amy also sold $6.94M worth of Microsoft Corporation (NASDAQ:MSFT) shares. Shares for $8.29M were sold by Nadella Satya on Wednesday, August 10.
Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on January, 26. They expect $0.78 earnings per share, 0.00% or $0.00 from last year’s $0.78 per share. MSFT’s profit will be $6.05B for 20.07 P/E if the $0.78 EPS becomes a reality. After $0.76 actual earnings per share reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 2.63% EPS growth.
More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Nasdaq.com which released: “Agree To Buy Microsoft Corporation At $40, Earn 4.4% Using Options” on January 10, 2017, also Investorplace.com with their article: “Value Battle: Microsoft Corporation (MSFT) vs. Oracle Corporation (ORCL)” published on January 10, 2017, Fool.com published: “6 Signs You Should Sell Microsoft Corporation Stock” on December 29, 2016. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Investorplace.com and their article: “Microsoft Corporation (MSFT) Will Command and Conquer With Surface” published on January 05, 2017 as well as Investorplace.com‘s news article titled: “What Microsoft Corporation’s Gains in Auto IoT Space Mean to Investors (MSFT)” with publication date: January 07, 2017.
According to Zacks Investment Research, “Microsoft is a technology company. Their products include operating systems for computing devices, servers, phones, and other intelligent devices; server applications for distributed computing environments; cross-device productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. They also design and sell hardware including PCs, tablets, gaming and entertainment consoles, phones, other intelligent devices, and related accessories. They offer cloud-based solutions that provide customers with software, services, platforms, and content. They also provide consulting and product and solution support services, and they train and certify computer system integrators and developers.”
Microsoft Corporation (NASDAQ:MSFT) Ratings Coverage
Out of 25 analysts covering Microsoft Corporation (NASDAQ:MSFT), 21 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 84% are positive. $80 is the highest target while $20 is the lowest. The $61.30 average target is -2.11% below today’s ($62.62) stock price. Microsoft Corporation has been the topic of 68 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Piper Jaffray on Tuesday, November 10 with “Overweight”. The firm has “Overweight” rating by Barclays Capital given on Wednesday, January 6. The firm earned “Outperform” rating on Friday, January 8 by BMO Capital Markets. The rating was upgraded by Goldman Sachs on Thursday, November 17 to “Buy”. The firm earned “Buy” rating on Friday, October 21 by UBS. The firm has “Strong-Buy” rating given on Thursday, August 27 by Vetr. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Buy” rating given on Thursday, September 3 by FBR Capital. Bank of America upgraded the stock to “Neutral” rating in Thursday, October 1 report. On Monday, November 23 the stock rating was maintained by UBS with “Buy”. The firm has “Market Perform” rating by William Blair given on Tuesday, July 19.
MSFT Company Profile
Microsoft Corporation, incorporated on September 22, 1993, is a technology company. The Firm develops, licenses and supports a range of software products, services and devices. The Company’s divisions are 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. The Firm also designs, makes and sells devices, including personal computers (PCs), tablets, gaming and entertainment consoles, phones, other intelligent devices, and related accessories, which integrate with its cloud offerings. The Firm offers an array of services, including cloud solutions that provide clients with software, services, platforms, and content, and the Company provides solution support and consulting services. The Firm also delivers relevant online advertising to a global audience. As of June 30, 2016, the Company operated in 190 countries throughout the world.
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