Creative Planning Boosted Its Microsoft Corp (MSFT) Position by $99.97 Million; Market Valuation Rose

September 16, 2018 - By Michele Cranor

Microsoft Corporation (NASDAQ:MSFT) LogoInvestors sentiment increased to 0.84 in Q2 2018. Its up 0.10, from 0.74 in 2018Q1. It increased, as 35 investors sold MSFT shares while 965 reduced holdings. 128 funds opened positions while 711 raised stakes. 5.31 billion shares or 1.41% less from 5.38 billion shares in 2018Q1 were reported. Carret Asset Management Lc invested in 175,321 shares or 2.82% of the stock. Reik Comm Ltd Co holds 14,536 shares. Adell Harriman Carpenter has 0% invested in Microsoft Corporation (NASDAQ:MSFT). The Pennsylvania-based Stillwater Cap Advsr Ltd Co has invested 4.29% in Microsoft Corporation (NASDAQ:MSFT). Somerset Trust owns 82,667 shares or 4.38% of their US portfolio. Union Bancshares Corporation has invested 1.98% in Microsoft Corporation (NASDAQ:MSFT). Riverhead Capital Mngmt Ltd Llc invested 0.68% in Microsoft Corporation (NASDAQ:MSFT). Fcg Ltd Company has 21,377 shares. Sweden-based Amf Pensionsforsakring Ab has invested 5.83% in Microsoft Corporation (NASDAQ:MSFT). Bangor Bank holds 0.31% or 16,252 shares in its portfolio. Macguire Cheswick Tuttle Counsel Ltd Liability Com reported 112,676 shares. Moreover, Hm Payson & has 3.41% invested in Microsoft Corporation (NASDAQ:MSFT) for 808,467 shares. First Long Island Lc invested in 300,031 shares or 4.22% of the stock. Drexel Morgan And Communication owns 26,356 shares. Roosevelt Invest Grp Inc accumulated 240,350 shares.

Since June 5, 2018, it had 1 buying transaction, and 4 sales for $24.43 million activity. 118,000 shares were sold by Hood Amy, worth $13.09 million on Friday, August 31. PETERSON SANDRA E had bought 5,400 shares worth $550,606. On Friday, August 31 the insider Hogan Kathleen T sold $4.45 million.

Creative Planning increased its stake in Microsoft Corp (MSFT) by 560.18% based on its latest 2018Q2 regulatory filing with the SEC. Creative Planning bought 1.02 million shares as the company’s stock rose 10.77% with the market. The institutional investor held 1.20M shares of the prepackaged software company at the end of 2018Q2, valued at $118.55M, up from 182,100 at the end of the previous reported quarter. Creative Planning who had been investing in Microsoft Corp for a number of months, seems to be bullish on the $869.35 billion market cap company. The stock increased 0.41% or $0.46 during the last trading session, reaching $113.37. About 19.12 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 49.58% since September 16, 2017 and is uptrending. It has outperformed by 33.96% the S&P500.

Creative Planning, which manages about $13.73B and $25.46B US Long portfolio, decreased its stake in Magellan Midstream Prtnrs Lp (NYSE:MMP) by 148,076 shares to 1.28 million shares, valued at $88.74M in 2018Q2, according to the filing. It also reduced its holding in Vanguard Bd Index Fd Inc (BSV) by 171,511 shares in the quarter, leaving it with 211,765 shares, and cut its stake in Select Sector Spdr Tr (XLE).

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Fool.com which released: “Tech Stocks This Week: Apple’s Big Event and Microsoft’s Acquisition” on September 14, 2018, also Nasdaq.com with their article: “Why Microsoft Stock Looks Like So Many Other Stocks Right Now” published on August 24, 2018, Finance.Yahoo.com published: “Microsoft Stock Looks Primed for a Pullback” on September 14, 2018. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Seekingalpha.com and their article: “At $850 Billion, Can Microsoft Still Grow Like It Used To?” published on September 12, 2018 as well as Seekingalpha.com‘s news article titled: “Microsoft’s AI Capabilities Are Underappreciated” with publication date: August 22, 2018.

Microsoft Corporation (NASDAQ:MSFT) Ratings Coverage

Among 24 analysts covering Microsoft Corp (NASDAQ:MSFT), 22 have Buy rating, 1 Sell and 1 Hold. Therefore 92% are positive. Microsoft Corp had 41 analyst reports since March 21, 2018 according to SRatingsIntel. The firm has “Buy” rating by Morgan Stanley given on Friday, June 8. Bank of America maintained the stock with “Buy” rating in Tuesday, July 17 report. The company was maintained on Tuesday, July 17 by PiperJaffray. Barclays Capital maintained Microsoft Corporation (NASDAQ:MSFT) on Friday, April 27 with “Overweight” rating. The firm has “Buy” rating given on Friday, April 27 by J.P. Morgan. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Buy” rating given on Friday, May 11 by RBC Capital Markets. Bernstein maintained Microsoft Corporation (NASDAQ:MSFT) on Thursday, May 24 with “Buy” rating. The firm has “Outperform” rating given on Friday, July 20 by Wells Fargo. Citigroup maintained Microsoft Corporation (NASDAQ:MSFT) on Friday, July 20 with “Neutral” rating. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Buy” rating by UBS on Friday, April 27.

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

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