Adalta Capital Management Sells $14.6M Worth of Microsoft Shares

Adalta Capital Management LLC, an institutional investor, has reduced its stake in Microsoft Corporation (NASDAQ:MSFT) by 12.7% during the first quarter of this year. According to its most recent 13F filing with the Securities and Exchange Commission (SEC), Adalta Capital Management now owns 39,474 shares of Microsoft's stock after selling 5,754 shares.

The value of Adalta Capital Management's holdings in Microsoft is approximately $14,612,000 as per the latest SEC filing. This makes Microsoft its largest holding, comprising 7% of the company's portfolio.

Adalta Capital Management is not alone in modifying its stake in Microsoft. Other institutional investors and hedge funds have also made changes to their holdings in the software giant. For instance, Vanguard Group Inc. increased its stake by 2.3% during the fourth quarter, while State Street Corp raised its position by 2.1%

Microsoft's stock price has been on an upward trend recently, with several analysts raising their price targets and reiterating their 'buy' ratings. In a recent report, JPMorgan raised its Microsoft price target to $625, citing accelerating Copilot adoption and infrastructure growth.