Traders Buy Shares of Microsoft (MSFT) on Weakness

Acrospire Investment Management LLC now owns 1,600 shares of the software giant's stock valued at $110,000 after buying an additional 1,200 shares during the period. The institutional investor held 1,700 shares of the business services company at the end of 2017Q3, valued at $240,000, down from 3,890 at the end of the previous reported quarter. About 63.50M shares traded or 132.19% up from the average. Hess Corporation (NYSE:HES) has declined 14.55% since February 10, 2017 and is downtrending. It has underperformed by 24.55% the S&P500.

Matrix Asset Advisors Inc decreased its stake in Microsoft Corporation (MSFT) by 1.28% based on its latest 2017Q3 regulatory filing with the SEC. Huntington Steele Llc sold 4,493 shares as the company's stock rose 4.75% with the market. Schaper Benz & Wise Investment Counsel Inc who had been investing in Mastercard for a number of months, seems to be less bullish one the $174.12 billion market cap company. Among active positions in the latest quarter, 1,072 holders increased their positions by a total of 167.31 million shares, 1,298 holders decreased the positions by a total of 192.41 million shares, and 216 holders held their positions.

Macquarie set a $95.00 price target on Microsoft (NASDAQ:MSFT) in a research note released on Thursday, February 1st. It has outperformed by 60.97% the S&P500. The software giant reported $0.96 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.87 by $0.09. Its up 0.01, from 0.82 in 2017Q2. It turned negative, as 4 investors sold SBA Communications Corporation shares while 2 reduced holdings. 48 funds opened positions while 133 raised stakes. Allstate Corp reported 5,473 shares. Poplar Forest Capital Ltd Llc holds 1.38% or 213,617 shares in its portfolio. Barclays Public Limited Liability Co holds 0.37% or 4.83 million shares. Danone (OTCMKTS:DANOY) has 0.00% since February 9, 2017 and is.

Matrix Asset Advisors Inc, which manages about $977.80M and $607.09 million US Long portfolio, upped its stake in Bb&T Corporation (NYSE:BBT) by 6,642 shares to 327,798 shares, valued at $15.39M in 2017Q3, according to the filing. Insiders have sold a total of 7,108,526 shares of company stock valued at $515,879,974 over the last 90 days. Ameriprise owns 53.42M shares for 1.89% of their portfolio. Gamco Invsts Et Al holds 0.03% or 86,857 shares. Schwab Charles Investment Management Inc. now owns 31,523,813 shares of the software giant's stock valued at $2,696,444,000 after purchasing an additional 1,148,178 shares during the period. Wespac Limited Company reported 11,134 shares stake. Investec Asset Management has invested 0.49% of its portfolio in Hess Corporation (NYSE:HES). Findlay Park Llp holds 6.15% or 8.35 million shares in its portfolio. Westwood Mgmt Il holds 5.63% or 505,700 shares. Hughes Michael D also sold $45,539 worth of Barracuda Networks, Inc.

Lmm Llc, which manages about $2.57 billion and $2.33B US Long portfolio, decreased its stake in Allergan Plc by 3,650 shares to 161,475 shares, valued at $33.09M in 2017Q3, according to the filing. Vanguard Group Inc. boosted its stake in shares of Microsoft by 4.6% in the second quarter.

Among 22 analysts covering Hess Corp. The rating was maintained by Deutsche Bank with "Buy" on Wednesday, December 16. Therefore 63% are positive. eHealth had 19 analyst reports since July 30, 2015 according to SRatingsIntel. Hess Corp. had 61 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has "Hold" rating by M Partners on Friday, July 21. The company now has an average rating of Buy and an average target price of $99.14. The firm has "Hold" rating given on Thursday, January 11 by BMO Capital Markets. The company was maintained on Friday, January 12 by Barclays Capital. The rating was maintained by RBC Capital Markets with "Buy" on Wednesday, November 29. The stock of Microsoft Corporation (NASDAQ:MSFT) earned "Outperform" rating by FBR Capital on Friday, October 23. The stock has "Overweight" rating by Morgan Stanley on Wednesday, January 13.

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Since August 29, 2017, it had 0 insider purchases, and 2 sales for $5.98 million activity. Hood Amy had sold 55,000 shares worth $4.00M on Tuesday, August 29. Also, EVP Christopher C. Capossela sold 4,000 shares of the firm's stock in a transaction dated Tuesday, November 14th. Therefore 25% are positive. (NASDAQ:JD) on Tuesday, November 14 with "Buy" rating. The firm has "Outperform" rating given on Friday, January 27 by BMO Capital Markets. The rating was initiated by William Blair with "Market Perform" on Tuesday, July 19. The rating was upgraded by Goldman Sachs to "Neutral" on Friday, December 18. J.P. Morgan downgraded it to "Hold" rating and $31.0 target in Friday, January 12 report.

Among 54 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 2 Hold. Fincl Consulate Inc reported 0.67% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Jefferies maintained it with "Hold" rating and $23 target in Monday, October 30 report. Maxim Group maintained the shares of EAT in report on Wednesday, April 26 with "Buy" rating. Susquehanna maintained Sears Holdings Corporation (NASDAQ:SHLD) rating on Wednesday, January 10. Atlantic Securities set a $83.00 price objective on Microsoft and gave the company a neutral rating in a research note on Friday, October 27th.

Investors sentiment increased to 0.83 in Q3 2017. Its down 0.09, from 0.09 in 2017Q2.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSFT.

Several other hedge funds have also recently made changes to their positions in the company. Catawba Mgmt Va invested in 2.79% or 165,796 shares. Huntington Savings Bank owns 72,407 shares for 0.17% of their portfolio. Alleghany Corp De has invested 7.02% in Microsoft Corporation (NASDAQ:MSFT). (NYSE:EAT). Benjamin F Edwards & Com has 0% invested in Brinker International, Inc. The original version of this report can be viewed at https://stocknewstimes.com/2018/02/10/traders-buy-shares-of-microsoft-msft-on-weakness-2.html. Acrospire Investment Management LLC increased its position in shares of Microsoft by 300.0% during the 2nd quarter.

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