Tue Sep 17 07:16:55 UTC 2024: ## Petra Financial Advisors Cuts Microsoft Holdings, While Other Institutional Investors Increase Their Stake
**New York, NY – September 17, 2024** – Petra Financial Advisors Inc. reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 2.1% in the second quarter, according to a recent 13F filing with the SEC. The fund now holds 6,322 shares of the software giant, valued at $2,826,000, after selling 138 shares. Despite the reduction, Microsoft remains Petra Financial Advisors Inc.’s 12th largest position, accounting for 2.0% of their total holdings.
Meanwhile, other institutional investors took a different approach, increasing their stakes in Microsoft. Rebalance LLC, Innova Wealth Partners, Arkansas Financial Group Inc., Partnership Wealth Management LLC, and Doheny Asset Management CA all acquired additional shares of Microsoft in recent quarters.
Overall, hedge funds and other institutional investors currently own 71.13% of Microsoft stock.
**Insider Trading Activity:**
In recent transactions, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock on September 10th at an average price of $411.04, while CEO Satya Nadella sold 78,353 shares on September 4th at an average price of $408.63. Insiders have sold a total of 190,629 shares of Microsoft stock worth $77,916,485 in the last ninety days.
**Analyst Ratings and Outlook:**
Several brokerages recently weighed in on MSFT. Bank of America increased their price target from $480.00 to $510.00 and gave the stock a “buy” rating. Other analysts, including Piper Sandler, BMO Capital Markets, Citigroup, and Royal Bank of Canada, also issued positive ratings and price targets. Overall, MarketBeat’s data indicates an average rating of “Moderate Buy” and an average price target of $494.72.
**Microsoft Corporation** is a global software and technology company that develops and supports software, services, devices and solutions. Their products and services span across productivity and business processes, gaming, cloud computing, and more.
First Piper 