1. Microsoft Corporation (NASDAQ:MSFT)
5-yr Monthly Beta: 0.88
Number of Hedge Fund Holders: 302
Microsoft Corporation (NASDAQ:MSFT) is a developer of software, services, devices, and solutions. It operates through the Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. It has a 5-year monthly beta of 0.8.
On April 12, BMO Capital raised the price target on Microsoft Corporation (NASDAQ:MSFT) to $465 from $455 and maintained an Outperform rating on the shares. The firm is increasingly convinced about the company’s sustainable growth potential and highlighted its position in the gaming market.
The company is the top stock on our list of best low volatility stocks to buy according to hedge funds. 302 hedge funds held stakes in Microsoft Corporation (NASDAQ:MSFT), with positions worth $87.3 billion in Q4 of 2023. With 38.21 million shares worth $14.37 billion, the Bill & Melinda Gates Foundation Trust is the top investor of the company, as of December 31, 2023.
Diamond Hill Capital stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its fourth quarter 2023 investor letter:
“Other top Q4 contributors included Meta and Microsoft Corporation (NASDAQ:MSFT). Social media platform Meta’s digital ad revenues increased during the quarter, while it continued cutting costs — a combination which generated better-than-expected revenues and profits. Shares of software and information technology services provider Microsoft rose as its Azure cloud business continues growing and the company continues capitalizing on its attractive recurring revenue-based model to drive growth.”
Follow Microsoft Corp (NASDAQ:MSFT)
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