Mustard Seed Financial LLC increased its stake in Microsoft Corporation (MSFT, Financial). In the last third quarter, Renaissance Technologies (Trades, Portfolio) LLC diluted 17% of its stakes in Microsoft Corporation, as revealed by the SEC records. The institutional investor now owns 2,200 shares, having purchased an additional 319 shares in the reporting period. This investment currently stands at nearly $947,000, which positions Microsoft as the organization’s 29th largest investment out of its total portfolio investment at 0.8%.
Other institutional investors have also altered their stance regarding this company recently. Christopher J. Hasenberg Inc. increased the stock by 2,092.2% and now holds 70 company shares with a total value of $31,000. Also, two new investments were made in Microsoft; Quarry LP invested $45,000, and Innealta Capital LLC invested seventy-five thousand dollars. Bellevue Group AG and Bbjs Financial Advisors LLC also used the year to buy more shares they do not own. Institutional shareholders now own 71.13% of Microsoft company’s shares.
Such steps are made against the backdrop of transformations in the technology companies’ market, with considerable focus on the companies that will determine the further development of AI, cloud technologies, and business solutions, such as Microsoft. The steady earnings and minimal prospects appear to have sustained demand for the shares from institutional and individual investors.
This article first appeared on GuruFocus.
