Microsoft Corp (MSFT): William H Iii Gates , director of Microsoft Corp sold 5,300,000 shares on Apr 28, 2016. The Insider selling transaction was reported by the company on May 2, 2016 to the Securities and Exchange Commission. The shares were sold at $50.24 per share for a total value of $265220512 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 29, 2016, Frank H Brod (Chief Accounting Officer) sold 7,000 shares at $51.38 per share price.On Apr 29, 2016, William H Iii Gates (director) sold 2,700,000 shares at $50.87 per share price.Also, On Feb 10, 2016, Christopher C Capossela (EVP, Chief Marketing Officer) sold 5,000 shares at $50.00 per share price.On Oct 27, 2015, Brian Kevin Turner (Chief Operating Officer) sold 154,499 shares at $52.99 per share price.
Shares of Microsoft Corporation (MSFT) ended Wednesday, Apr 27, 2016 session in red amid volatile trading. The shares closed down -0.5 points or -0.97% at $50.94 with 4,33,69,256 shares getting traded. Post opening the session at $51.48, the shares hit an intraday low of $50.55 and an intraday high of $51.5 and the price vacillated in this range throughout the day. The company has a market cap of $400,412 M and the number of outstanding shares has been calculated to be 7,86,04,66,900 shares. The 52-week high of Microsoft Corporation is $56.85 and the 52-week low is $39.72.
On Mar 15, 2016, Microsoft Corporation announced a cash dividend of $0.3600. The company’s management has announced May 17, 2016 as the ex-dividend date and fixed the record date on May 19, 2016. The payable date has been fixed on Jun 9, 2016.
Company has been under the radar of several Street Analysts.Microsoft Corporation is Reiterated by BMO Capital Markets to Outperform while Lowering the Price Target of the company shares to $ 57 from a previous price target of $58 . The Rating was issued on Apr 22, 2016.Microsoft Corporation is Initiated by Macquarie to Neutral. The Rating was issued 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 Companys 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.