Boosted Position in Microsoft Co. by Austin Asset Management Co Inc and Analysts Set New Price Targets

Are you interested in investing in tech giants like Microsoft? Well, you’re not alone! Austin Asset Management Co Inc recently increased its position in Microsoft by 46.1% in the 1st quarter, showing confidence in the software giant’s potential for growth. But they’re not the only ones – several other hedge funds have also been buying up shares of Microsoft, with analysts setting new price targets that suggest even more upside.

Despite all the positive news, Microsoft’s stock was down 0.3% on Friday. But don’t let that discourage you – with a market capitalization of $3.37 trillion and a strong financial performance in their recent quarterly earnings report, Microsoft is still a solid investment option. Plus, they recently announced a quarterly dividend, showing their commitment to returning value to shareholders.

If you’re curious about insider activity, EVP Judson Althoff and CMO Takeshi Numoto have been selling shares, but that’s not necessarily a red flag. Insiders selling shares can be a normal part of their compensation and investment strategy. In fact, Microsoft insiders only own 0.03% of the company’s stock, so it’s not a significant amount.

Overall, Microsoft continues to be a leader in the tech industry, offering a wide range of software, services, devices, and solutions worldwide. With a consensus rating of “Moderate Buy” and a consensus price target of $470.86, it’s clear that analysts and investors alike see potential in Microsoft’s future growth.

So, if you’re considering adding Microsoft to your investment portfolio, now might be a good time to do so. Keep an eye on their performance and stay informed with the latest news and analyst ratings by signing up for MarketBeat’s FREE daily email newsletter. Happy investing!