Nuveen Asset Management buys $225 Million stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Nuveen Asset Management scooped up 275,594 additional shares in Microsoft Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 4,404,684 shares of Microsoft Corporation which is valued at $225 Million.Microsoft Corporation makes up approximately 1.41% of Nuveen Asset Management’s portfolio.

Other Hedge Funds, Including , Magellan Asset Management Ltd reduced its stake in MSFT by selling 1,463,429 shares or 4.88% in the most recent quarter. The Hedge Fund company now holds 28,540,307 shares of MSFT which is valued at $1,457.8 Million. Microsoft Corporation makes up approx 8.09% of Magellan Asset Management Ltd’s portfolio.Daiwa Securities Group reduced its stake in MSFT by selling 241,341 shares or 25.7% in the most recent quarter. The Hedge Fund company now holds 697,567 shares of MSFT which is valued at $35.6 Million. Microsoft Corporation makes up approx 0.23% of Daiwa Securities Group’s portfolio.National Penn Investors Trust Co Pa reduced its stake in MSFT by selling 80,295 shares or 13.77% in the most recent quarter. The Hedge Fund company now holds 502,663 shares of MSFT which is valued at $25.7 Million. Microsoft Corporation makes up approx 2.93% of National Penn Investors Trust Co Pa’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in MSFT in the latest quarter, The investment management firm added 581,288 additional shares and now holds a total of 4,559,105 shares of Microsoft Corporation which is valued at $227.4 Million. Microsoft Corporation makes up approx 1.86% of Public Employees Retirement Association Of Colorado’s portfolio.

Microsoft Corporation opened for trading at $51.92 and hit $52.49 on the upside on Wednesday, eventually ending the session at $52.12, with a gain of 1.03% or 0.53 points. The heightened volatility saw the trading volume jump to 2,42,04,266 shares. Company has a market cap of $409,688 M.

On the company’s financial health, Microsoft Corporation reported $0.62 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.64. The company had revenue of $22076.00 million for the quarter, compared to analysts expectations of $22107.44 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

Many Wall Street Analysts have commented on Microsoft Corporation. Shares were Reiterated by BMO Capital Markets on Apr 22, 2016 to “Outperform” and Lowered the Price Target to $ 57 from a previous price target of $58 .Microsoft Corporation was Initiated by Macquarie to “Neutral” on Mar 4, 2016.

Microsoft Corporation is engaged in developing licensing and supporting a range of software products and services. The Company also designs and sells hardware and delivers online advertising to the customers. The Company operates in five segments: Devices and Consumer (D&C) Licensing D&C Hardware D&C Other Commercial Licensing and Commercial Other. The Company’s products include operating systems for computing devices servers phones and other intelligent devices; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. It also offers cloud-based solutions that provide customers with software services and content over the Internet by way of shared computing resources located in centralized data centers. It provides consulting and product and solution support services.

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