5 Stocks to Buy According to Bluegrass Capital Partners

4. Microsoft Corporation (NASDAQ:MSFT)

Bluegrass Capital Partners’ Stake Value: $13,816,000
Percentage of Bluegrass Capital Partners’ 13F Portfolio: 7.85%
Number of Hedge Fund Holders: 238

On September 17, Tigress Financial analyst Ivan Feinseth initiated coverage of Microsoft Corporation (NASDAQ:MSFT) and increased his price target to $366 from $303 and kept a “Buy” rating on the shares.

Out of the hedge funds being tracked by Insider Monkey, Ivy Lane Capital is a leading shareholder in Microsoft Corporation (NASDAQ:MSFT) with 86,000 shares worth more than $23.30 billion. Bluegrass Capital Partners owns 51,000 shares in the tech company worth over $13.82 million, representing close to 7.85% of its portfolio.

In its second-quarter 2021 investor letter, Baron Opportunity Fund mentioned Microsoft Corporation (NASDAQ:MSFT). Here is what the fund said:

“Shares of Microsoft Corporation, a cloud-software leader and provider of software productivity tools and infrastructure, rose during the quarter following a strong earnings report highlighting solid demand for its broad product stack and continued momentum migrating its business to the cloud. Microsoft was a top contributor in the period because it trades at reasonable free cash flow and earnings valuations, has cloud and digital transformation tailwinds at its back, reported a solid March quarter, and beat Street expectations by a wide margin. Microsoft’s results continued to be strong across the board, with Azure cloud computing revenues up 46% in constantcurrency (“cc”) terms and commercial cloud bookings growth of 38% cc, the best in years. Microsoft also reported robust profitability growth, with operating income expanding 31% and GAAP earnings up 45%. We believe the company is well positioned for continued solid growth and profitability through market share gains as more companies look to transform and digitize their businesses as they move operations to the cloud.”