Wed Sep 25 07:40:46 UTC 2024: ## HTLF Bank Trims Microsoft Stake While Other Hedge Funds Show Interest
**Seattle, WA – September 25, 2024** – HTLF Bank reduced its position in Microsoft (MSFT) by 3.4% in the second quarter, according to its recent Form 13F filing with the Securities & Exchange Commission. The fund now holds 52,492 shares of the tech giant, representing 2.7% of its portfolio.
Despite HTLF Bank’s trimming, other hedge funds displayed interest in Microsoft. Richardson Capital Management LLC significantly boosted its stake in the company by 1,290% in the first quarter, while Neo Ivy Capital Management, Bellevue Group AG, Horizon Financial Services LLC, and Cooksen Wealth LLC all acquired new positions in the software giant during recent quarters.
Microsoft stock opened at $429.17 on Wednesday. The company has a 12-month low of $309.45 and a 12-month high of $468.35. Analysts are generally bullish on Microsoft, with 31 issuing “buy” ratings and only three giving a “hold” rating. The average price target is $493.94.
On a positive note, Microsoft recently announced a quarterly dividend of $0.83, an increase from the previous $0.75. The company also initiated a $60 billion share buyback program, suggesting confidence in its future performance.
However, some recent insider sales could be cause for concern. CEO Satya Nadella sold 14,398 shares in August, and CFO Amy Hood sold 38,000 shares in September. While insider sales are not always indicative of a company’s future performance, they can be a sign of waning confidence in the company’s stock.
Overall, Microsoft remains a popular choice for investors, with 71.13% of its stock held by institutional investors. While HTLF Bank’s trimming might raise eyebrows, the strong analyst support and recent share buyback program indicate potential for future growth.
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