5 Technology Stocks to Buy According to Kevin Mccarthy’s Breakline Capital

2. Microsoft Corporation (NASDAQ:MSFT)

Breakline Capital’s Stake Value: $7,496,000
Percentage of Breakline Capital’s 13F Portfolio: 10.1%
Number of Hedge Fund Holders: 262

Microsoft Corporation (NASDAQ:MSFT) is a tech mammoth developing and supporting software, services, devices, and solutions. Morgan Stanley analyst Keith Weiss kept an Overweight rating on Microsoft Corporation (NASDAQ:MSFT) shares with a $372 price target on February 8.

The hedge fund of Kevin Mccarthy entered the fourth quarter of 2021 with 22,289 shares of Microsoft Corporation (NASDAQ:MSFT) in its portfolio worth around $7.50 million. Microsoft Corporation (NASDAQ:MSFT) has featured on Mccarthy’s portfolio since the fourth quarter of 2017.

Out of the 924 elite hedge funds tracked by Insider Monkey in the fourth quarter of 2021, 262 hedge funds were bullish on the Microsoft Corporation (NASDAQ:MSFT) shares, with total stakes worth $75.66 billion. This shows hedge fund sentiment increased for Microsoft Corporation (NASDAQ:MSFT) in the fourth quarter over the previous quarter, where 250 hedge funds held stakes in the company.

Baron Funds, in its fourth quarter 2021 investor letter mentioned Microsoft Corporation (NASDAQ:MSFT). Here is what the fund has to say:

“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 growing 20% in constant currency, beating Street estimates by 3%; an acceleration in Commercial Cloud revenue to 34% constant-currency growth; operating margins expanding to just under 45%; earnings growth of 23%; and free cash flow growth of 30%. We believe the company is positioned to deliver 13% to 15% organic growth over the next three years, underpinned by total addressable market expansion and continued market share gains across its disruptive cloud product portfolio.”