Pine Ridge Advisers LLC Boosts MSFT Holdings by 45.6% in Q1

Pine Ridge Advisers LLC has increased its holdings in Microsoft Corporation by 45.6% during the first quarter, according to a recent filing with the Securities & Exchange Commission.

The firm now owns 13,850 shares of MSFT's stock, which is valued at $5,127,000 and makes up about 0.3% of Pine Ridge Advisers LLC's investment portfolio.

This is not an isolated instance; other hedge funds have also made changes to their positions in Microsoft. For example, Longfellow Investment Management Co. LLC grew its holdings in MSFT by 51.3% in the second quarter and now owns 59 shares of the software giant's stock valued at $29,000.

Analysts are bullish on Microsoft, with a consensus rating of 'Moderate Buy' and a target price of $560.27. Recently, Bill Ackman reaffirmed his bullish Azure thesis, arguing that continued capacity investment and Microsoft 365's embedded customer base can support high-teens earnings growth.