Parametric Portfolio Associates Lowers stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Parametric Portfolio Associates reduced its stake in Microsoft Corporation by 0.53% during the most recent quarter end. The investment management company now holds a total of 18,055,274 shares of Microsoft Corporation which is valued at $1,046,122,576 after selling 96,511 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Microsoft Corporation makes up approximately 1.58% of Parametric Portfolio Associates’s portfolio.

Other Hedge Funds, Including , One Capital Management reduced its stake in MSFT by selling 394 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 61,414 shares of MSFT which is valued at $3,558,327. Microsoft Corporation makes up approx 1.18% of One Capital Management’s portfolio.O’shaughnessy Asset Management reduced its stake in MSFT by selling 49,442 shares or 51.91% in the most recent quarter. The Hedge Fund company now holds 45,796 shares of MSFT which is valued at $2,653,420. Microsoft Corporation makes up approx 0.06% of O’shaughnessy Asset Management’s portfolio.Ipg Investment Advisors boosted its stake in MSFT in the latest quarter, The investment management firm added 3,070 additional shares and now holds a total of 17,143 shares of Microsoft Corporation which is valued at $993,265. Microsoft Corporation makes up approx 0.40% of Ipg Investment Advisors’s portfolio.Aberdeen Asset Management Plcuk reduced its stake in MSFT by selling 69,268 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 5,088,571 shares of MSFT which is valued at $289,895,890. Microsoft Corporation makes up approx 1.05% of Aberdeen Asset Management Plcuk’s portfolio.

Microsoft Corporation opened for trading at $58.18 and hit $58.6 on the upside on Monday, eventually ending the session at $58.1, with a gain of 0.12% or 0.07 points. The heightened volatility saw the trading volume jump to 1,64,17,207 shares. Company has a market cap of $452,745 M.

On the company’s financial health, Microsoft Corporation reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.58. The company had revenue of $22642.00 million for the quarter, compared to analysts expectations of $22137.35 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Many Wall Street Analysts have commented on Microsoft Corporation. Company shares were Reiterated by FBN Securities on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $55 .Company shares were Reiterated by UBS on Jul 20, 2016 to “Buy”, Firm has raised the Price Target to $ 62 from a previous price target of $59 .Company shares were Reiterated by BMO Capital Markets on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 62 from a previous price target of $57 .

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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