5 Best Stocks to Buy Now According to Billionaire Ken Fisher

2. Microsoft Corporation (NASDAQ:MSFT)

Fisher Asset Management’s Stake Value: $7.37 billion

Percentage of  Fisher Asset Management’s 13F Portfolio: 5.21%

Number of Hedge Fund Holders: 258

Microsoft Corporation (NASDAQ:MSFT) is one of the largest cloud infrastructure services providers and a software giant that provides computer software and electronics. On July 26, the company reported that its revenue grew 12.38% year-over-year to come in at $51.9 billion while its net income was $72.7 billion, up 19% on a year-over-year basis. Ken Fisher’s hedge fund currently owns 28.7 million shares of Microsoft Corporation (NASDAQ:MSFT), valued at over $7.37 billion. The company represented 5.21% of the fund’s portfolio weighting.

On August 11, Guggenheim analyst John DiFucci initiated coverage of Microsoft Corporation (NASDAQ:MSFT) with a ‘Neutral’ rating and a $292 price target. According to DiFucci, the tech firm could grow revenue and free cash flow in the mid-teens on average in the future on account of the consensus numbers in Azure and Office Commercial 365. On the other hand, he continues to see declines in Windows that he believes are still “not fully reflected in consensus estimates,” stating that he sees a balanced risk/reward at current levels.

At the close of Q2 2022, 258 hedge funds held stakes in Microsoft Corporation (NASDAQ:MSFT) worth $56 billion, compared to 259 hedge funds in the previous quarter with stakes worth $65.6 billion. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital held one of the largest positions in the tech giant in Q2, with a stake valued at over $4.6 billion.

Carillon Tower Advisers mentioned Microsoft Corporation (NASDAQ:MSFT) in its Q1 2022 investor letter. Here is what the firm had to say:

“Stock selection contributed the most while sector allocation was also positive. An underweight to communication services and an overweight to energy helped performance, while an underweight to consumer staples and an overweight to materials detracted. Stock selection was strong within healthcare and materials but was weak within information technology and industrials. Microsoft (NASDAQ:MSFT) reported positive results driven by personal computing strength, but analysts were especially positive on its growth outlook for its Azure cloud-computing services.”