Prosperity Consulting Group Cuts Stake in MSFT Amid Strong Quarterly Results

Prosperity Consulting Group LLC reduced its stake in Microsoft Corporation (NASDAQ:MSFT) by 4.5% during the first quarter, selling 3,332 shares. The firm owned 70,977 shares of Microsoft's stock after the sale, which accounted for 1.2% of Prosperity Consulting Group LLC's portfolio and made it the company's 18th largest holding.

The value of Microsoft's holdings in Prosperity Consulting Group LLC's portfolio was $26.27 million as of its latest SEC filing. This is not an isolated incident, as several other institutional investors have also adjusted their positions in MSFT during the quarter.

Microsoft has been performing well, with its Azure growth exceeding expectations and annual Azure sales surpassing $100 billion for the first time. The company's quarterly revenue reached $90.01 billion, beating analyst estimates of $87.62 billion, while net income rose 31% year over year.