Liberty One Boosts Microsoft Stake Amid Analyst Optimism
Liberty One Investment Management LLC has increased its stake in Microsoft Corporation by 36.6% during the first quarter, according to a recent SEC filing.
The institutional investor now owns 63,594 shares of Microsoft's stock after acquiring an additional 17,031 shares during the period.
Microsoft comprises 2.4% of Liberty One Investment Management LLC's portfolio, making it the company's 16th biggest position.
The value of Liberty One Investment Management LLC's holdings in Microsoft was $23,541,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in Microsoft during the past few quarters. Longfellow Investment Management Co. LLC increased its stake by 51.3% in the second quarter, while Shepherd Kaplan Krochuk LLC lifted its position by 4.9% during the third quarter.
Analysts remain bullish on Microsoft's prospects, with Citi raising its price target to $600 and citing the company's quarterly Azure performance as evidence of accelerating cloud growth.