Fri Sep 20 08:39:06 UTC 2024: ## Microsoft Stock Sees Continued Institutional Interest: Hennion & Walsh Increases Holdings

**Seattle, WA – September 20, 2024** – Hennion & Walsh Asset Management Inc. has increased its stake in Microsoft Corporation (NASDAQ:MSFT) by 0.8% during the second quarter, according to a recent SEC filing. The institutional investor now owns 31,969 shares of the software giant, representing a value of $14,289,000. This makes Microsoft the 21st largest holding in Hennion & Walsh’s portfolio, accounting for roughly 0.7% of its total assets.

Hennion & Walsh is not alone in its bullish outlook on MSFT. Several other institutional investors have also increased their holdings in the company during recent quarters, including Rebalance LLC, Innova Wealth Partners, Arkansas Financial Group Inc., Partnership Wealth Management LLC, and Doheny Asset Management CA. Overall, hedge funds and institutional investors own a significant 71.13% of Microsoft’s outstanding stock.

The positive sentiment towards Microsoft is further reflected in recent analyst ratings. While some analysts maintain a “hold” rating, a majority have issued “buy” recommendations, with an average target price of $494.72. Notably, Royal Bank of Canada, New Street Research, Tigress Financial, Morgan Stanley, and Bank of America have all expressed bullish views on the company, setting price targets ranging from $480.00 to $570.00.

Microsoft’s recent performance has also been encouraging. The company recently announced a quarterly dividend increase to $0.83, representing a yield of 0.76%. This follows a period of strong earnings and revenue growth, driven by the company’s diverse portfolio of software, services, devices, and solutions.

Despite this positive outlook, it’s important to note that insider trading activity has shown some mixed signals. While several insiders have recently sold shares, the overall trend remains positive, with institutional investors continuing to show confidence in Microsoft’s long-term growth potential.

For investors seeking more information on hedge fund holdings and insider trading activity for Microsoft, HoldingsChannel.com provides access to the latest 13F filings and insider trade data.

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