Arbiter Partners Invests $740,000 in Microsoft
Arbiter Partners Capital Management LLC has invested $740,000 in Microsoft Corporation (NASDAQ:MSFT). The firm purchased 2,000 shares of Microsoft's stock in the first quarter, according to its latest disclosure with the SEC.
The investment accounts for 0.4% of Arbiter Partners' portfolio, making it the company's 26th largest position.
Meanwhile, other large investors have also made changes to their positions in Microsoft. ABN Amro Investment Solutions lifted its stake by 19.7% in the first quarter, while Pacific Sun Financial Corp increased its position by 10.5%. Oslo Pensjonsforsikring AS bought a new position valued at approximately $38,614,000.
Analysts remain bullish on Microsoft's prospects, with Citi raising its price target to $600 and highlighting the company's strong quarterly Azure performance. The software giant reported 43% cloud-revenue increase and stronger-than-expected earnings in its latest quarter.