Microsoft Holds Firm as Janus Henderson Reduces Stake
Janus Henderson Group PLC reduced its holdings in Microsoft Corporation (NASDAQ:MSFT) by 10.9% during the first quarter, according to a recent SEC filing. As of the end of the period, the institutional investor owned 23,878,982 shares of the software giant's stock after selling 2,919,517 shares during the quarter.
Microsoft comprises approximately 4.2% of Janus Henderson Group PLC's portfolio, making it their second-largest position. The company is worth around $8,807,009,000 as of its most recent SEC filing.
Others also adjusted their stakes in Microsoft during this period. WFA Asset Management Corp increased its stake by 27.0% and now owns 1,016 shares valued at $427,000. Ironwood Wealth Management LLC lifted its stake by 0.3%, while Discipline Wealth Solutions LLC boosted its holdings by 410.4%.
Despite some concerns about Microsoft's AI infrastructure spending plan, analysts remain bullish on the company's prospects. JPMorgan raised their price target to $625, citing stronger Copilot demand and accelerating infrastructure investment. Microsoft is expected to post $19.58 earnings per share for the current year.