From MarketBeat:

Sturgeon Ventures LLP reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission, owning 19,338 shares and making the stock its 3rd biggest holding, worth $6,106,000. Several other institutional investors have also modified their holdings of the stock. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft during the 1st quarter worth approximately $28,000.

Microsoft stock opened at $367.75 on Friday. The company has a 12-month low of $219.35 and a 12-month high of $384.30. It has a market capitalization of $2.73 trillion, a price-to-earnings ratio of 35.60, and a beta of 0.88. Microsoft’s last released quarterly earnings results showed the software giant’s stock is forecast to have 11.14 EPS for the current fiscal year.

Microsoft also recently declared a quarterly dividend, and several research firms gave Microsoft a “buy” rating, increasing their price target on shares of Microsoft.

EVP Kathleen T. Hogan sold 24,681 shares of Microsoft stock in December, and 0.03% of the stock is currently owned by corporate insiders.

Microsoft Corporation develops and supports software, services, devices, and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, and other office services.

For the latest 13F filings and insider trades for Microsoft Co., visit HoldingsChannel.com. This story was generated by narrative science technology and financial data from MarketBeat in order to provide the fastest and accurate reporting. Before considering Microsoft, view the five stocks that top analysts are quietly whispering to their clients to buy now.

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Read more: Sturgeon Ventures LLP Sells 2,898 Shares of Microsoft Co. (NASDAQ:MSFT)