5 Stocks to Buy Now According to Hari Hariharan’s NWI Management

2. Microsoft Corporation (NASDAQ:MSFT)

NWI Management Stake Value: $77,354,000
Percentage of NWI Management’s 13F Portfolio: 5.08%
Number of Hedge Fund Holders: 262

Microsoft Corporation (NASDAQ:MSFT) is a multinational technology business headquartered in Redmond, Washington. Morgan Stanley analyst Keith Weiss maintained an Overweight rating on Microsoft Corporation (NASDAQ:MSFT) shares with a $372 price target on February 8.

NWI Management owns 230,000 shares in Microsoft Corporation (NASDAQ:MSFT) worth over $77.35 million, representing close to 5.08% of its Q4 portfolio. The hedge fund reduced its stake in Microsoft Corporation (NASDAQ:MSFT) by 33% in the fourth quarter of 2021.

As per Insider Monkey’s Q4 data, 262 hedge funds reported owning stakes in Microsoft Corporation (NASDAQ:MSFT), up from 250 funds in the previous quarter. The total value of these stakes is nearly $75.6 billion.

Baron Funds in its third-quarter 2021 investor letter mentioned Microsoft Corporation (NASDAQ:MSFT). Here is what it 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’s results continued to be strong across the board, with total revenue beating Street estimates by 4.5%, an acceleration in Commercial Cloud revenue to 31% constant-currency growth, a four-point improvement in Commercial Cloud gross margins (to 70% from 66%), and GAAP earnings up 42%. We believe the company is positioned to deliver 13% to 15% organic growth over the next three years, underpinned by TAM expansion across its disruptive cloud product portfolio, as more companies look to transform and digitize their businesses, as well as strong operating leverage as its cloud products gain scale.”