Traders Sell Shares of Microsoft Co. (MSFT) on Strength Following Insider Selling

James Marshall
October 11, 2017

As of the end of the quarter Eqis Capital Management, Inc. had acquired a total of 2,462 shares growing its holdings by 5.5%. The Valley National Advisers Inc holds 45,688 shares with $3.15M value, up from 7,927 last quarter. Celgene Corp now has $109.29B valuation. About 35 shares traded. Celgene Corporation (NASDAQ:CELG) has risen 17.00% since October 11, 2016 and is uptrending. It has outperformed by 0.30% the S&P500. BBX Capital Corp (BBX) has $879.11M valuation. Sanford C. Bernstein set a $76.00 price target on shares of Microsoft and gave the company a "buy" rating in a research note on Thursday, March 9th. The Eagle Capital Management Llc holds 24.65 million shares with $1.70B value, down from 25.72 million last quarter. The firm has a market capitalization of $587.60 billion, a price-to-earnings ratio of 28.15 and a beta of 1.01. It closed at $1.21 lastly. It is down 34.52% since October 11, 2016 and is uptrending.

Since May 2, 2017, it had 0 buys, and 13 selling transactions for $960.72 million activity. CASEY MICHAEL D also sold $1.16M worth of Celgene Corporation (NASDAQ:CELG) on Saturday, June 17. VESSEY RUPERT also sold $575,038 worth of Celgene Corporation (NASDAQ:CELG) on Thursday, June 15. Zapolsky David sold $478,028 worth of stock or 505 shares.

Philadelphia Trust Company, which manages about $1.18 billion US Long portfolio, decreased its stake in Devon Energy Corporation New (NYSE:DVN) by 130,090 shares to 312,555 shares, valued at $9.99 million in 2017Q2, according to the filing.

As of quarter end Cardinal Capital Management, Inc. had sold 16,021 shares trimming its stake by 6.9%. Deere & Co Com (NYSE:DE) was reduced too.

Investors sentiment increased to 1.34 in Q2 2017. Its up 0.21, from 1.13 in 2017Q1. It increased, as 63 investors sold MO shares while 529 reduced holdings. 97 funds opened positions while 444 raised stakes. Spectrum Asset Management (Nb Ca) reported 25,685 shares or 1.63% of all its holdings. Intersect Cap Limited Com has 0.86% invested in Altria Group Inc (NYSE:MO) for 19,182 shares. Brown Brothers Harriman invested in 8.27 million shares. First Republic stated it has 2.68 million shares or 1.4% of all its holdings. Goodwin Daniel L owns 0.12% invested in Microsoft Corporation (NASDAQ:MSFT) for 4,000 shares. Markel Corporation holds 280,000 shares. 54,869 were accumulated by White Pine Ltd Liability Corporation. Rmb Ltd Liability reported 420,005 shares. Todd Asset Lc reported 181,829 shares. 8,610 are held by Northrock Llc. Vantage Inv Advisors Llc accumulated 13,168 shares.

Among 27 analysts covering Celgene Corporation (NASDAQ:CELG), 23 have Buy rating, 1 Sell and 3 Hold. Therefore 85% are positive. Microsoft Corporation had 119 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has "Buy" rating by Jefferies on Wednesday, May 31. As per Wednesday, July 26, the company rating was maintained by Mizuho. Jefferies maintained it with "Underperform" rating and $40 target in Friday, January 29 report. Citigroup maintained the shares of MSFT in report on Friday, July 21 with "Sell" rating. The stock has "Neutral" rating by Bank of America on Thursday, October 1. The rating was maintained by Deutsche Bank on Friday, July 29 with "Buy". On Tuesday, September 26 the stock rating was maintained by Credit Suisse with "Buy". The stock has "Outperform" rating by Leerink Swann on Friday, July 28. H.C. Wainwright initiated the stock with "Buy" rating in Thursday, April 7 report. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant's stock worth $3,389,625,000 after buying an additional 42,243,011 shares during the period. The insider Jassy Andrew R sold $1.90 million.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on October, 19. Analysts expect the company to announce earnings of $0.78 per share for the quarter. MSFT's profit will be $5.70 billion for 25.77 P/E if the $0.74 EPS becomes a reality. The software giant reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.04.

Investors sentiment decreased to 0.82 in 2017 Q2. Its up 0.01, from 0.9 in 2017Q1. Shares for $481.95 million were sold by Morfit G Mason. 132 funds opened positions while 703 raised stakes. Sheets Smith Wealth Management invested in 52,764 shares. 69,319 are held by Fic Capital Incorporated. Cheviot Value Management Limited Liability Company has 163,178 shares for 6.55% of their portfolio. Reik Lc owns 11,866 shares. Hedge funds and other institutional investors own 73.40% of the company's stock. 77,871 were accumulated by Covington Investment. Blackburn Jeffrey M sold $1.99M worth of Amazon.com, Inc.

Investors are feeling more bearish on shares of Microsoft Corporation lately looking at the uptick in short interest. Raymond James Financial, Inc. raised their target price on shares of Microsoft Corporation to $84.00 and gave the stock a "buy" rating in a research report on Friday, July 21st. Century Cap Limited Liability Corp stated it has 1.77% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). (NASDAQ:AMZN) or 2,333 shares. Stelliam Investment Mgmt Limited Partnership holds 1.21% or 545,000 shares. Nomura maintained Microsoft Corporation (NASDAQ:MSFT) on Friday, October 21 with "Buy" rating.

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