5 Best Stocks to Buy Now According to Billionaire Ken Fisher

2. Microsoft Corporation (NASDAQ:MSFT)

Fisher Asset Management’s Stake Value: $8,593,198,000

Percentage of Fisher Asset Management’s 13F Portfolio: 5.06%

Number of Hedge Funds as of December 31: 262

Microsoft Corporation (NASDAQ:MSFT) is a Redmond, Washington-based tech company that is involved in software, consumer electronics, personal computers, and related services. The company was founded in Albuquerque, New Mexico, by Bill Gates and Paul Allen back in 1975.

During Q1 2022, Fisher Asset Management raised its stake in Microsoft Corporation (NASDAQ:MSFT) by 4%. This is the ninth consecutive quarter that the hedge fund has increased its total number of shares in the company, and its weightage on the overall portfolio is also at its highest level.

The shares of Microsoft Corporation (NASDAQ:MSFT) are experiencing a pullback due to the weakness in the overall market. In a note issued to investors on May 13, Ivan Feinseth at Tigress Financial reiterated a Buy rating on the stock with a price target of $411.

Here’s what Motiwala Capital said about Microsoft Corporation (NASDAQ:MSFT) in its Q4 2021 investor letter:

 “Microsoft (NASDAQ:MSFT) re-enters our portfolio after a long gap. MSFT sells enterprise and consumer software products as well as hardware products such as the Xbox video game console and Surface laptops. All business segments experienced double-digit revenue growth and earnings per share have compounded in the mid-double digits over the last 5 years. We believe MSFT continues this momentum in the years ahead.”