Microsoft (NASDAQ:MSFT) PT Lowered to $285.00 at Credit Suisse Group

Microsoft (NASDAQ:MSFT – Get Rating) had its target price reduced by equities research analysts at Credit Suisse Group from $365.00 to $285.00 in a research report issued on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the software giant’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 14.85% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Citigroup upped their price target on shares of Microsoft from $280.00 to $282.00 and gave the stock a “buy” rating in a report on Wednesday. Wedbush lowered their price target on shares of Microsoft from $290.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, January 19th. Finally, Morgan Stanley lowered their price target on shares of Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $283.09.

Microsoft Trading Up 0.1 %

Shares of NASDAQ:MSFT opened at $248.16 on Thursday. The company has a quick ratio of 1.79, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.85 trillion, a PE ratio of 27.57, a P/E/G ratio of 2.38 and a beta of 0.94. The business has a 50 day moving average of $241.83 and a 200-day moving average of $249.46. Microsoft has a 12-month low of $213.43 and a 12-month high of $315.95.

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Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.05. The business had revenue of $52.75 billion during the quarter, compared to analysts’ expectations of $53.17 billion. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.48 earnings per share. As a group, equities research analysts forecast that Microsoft will post 9.43 earnings per share for the current year.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the sale, the executive vice president now owns 150,047 shares in the company, valued at approximately $38,152,450.69. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Microsoft

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after purchasing an additional 6,129,708 shares during the last quarter. State Street Corp increased its stake in shares of Microsoft by 0.7% during the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after purchasing an additional 1,951,554 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Microsoft by 0.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after purchasing an additional 556,020 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Microsoft by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 54,799,110 shares of the software giant’s stock worth $14,074,064,000 after purchasing an additional 784,656 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Microsoft by 0.4% during the 3rd quarter. Alliancebernstein L.P. now owns 49,440,386 shares of the software giant’s stock worth $11,514,665,000 after purchasing an additional 208,765 shares during the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

About Microsoft

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.