5 Technology Stocks to Buy Now According to Dan Loeb

In this article, we discuss 5 technology stocks to buy now according to Dan Loeb. If you want to see some more stocks from our list, click 10 Technology Stocks to Buy Now According to Dan Loeb. 

5. Microsoft Corporation (NASDAQ:MSFT)

Third Point’s Stake Value: $538,112,000

Percentage of Third Point’s 13F Portfolio: 3.75%

Number of Hedge Fund Holders: 262

Microsoft Corporation (NASDAQ:MSFT) is one of the biggest American tech firms, and Dan Loeb’s Third Point owns 1.6 million shares of the company as of Q4 2021. The billionaire’s stake is worth more than $538 million and represents 3.75% of his fund’s total 13F holdings. 

Microsoft Corporation (NASDAQ:MSFT) declared on March 15 a $0.62 per share quarterly dividend, in line with previous. The dividend will be distributed on June 9, to shareholders of record on May 19. 

On April 11, UBS analyst Karl Keirstead reiterated a Buy rating on Microsoft Corporation (NASDAQ:MSFT) but he believes that Office 365 usage is likely to decelerate due to high penetration and the pandemic/work-from-home benefit starting to fade. The stock traded lower after the analyst published his rating. 

According to Insider Monkey’s Q4 database, 262 hedge funds held long positions in Microsoft Corporation (NASDAQ:MSFT), compared to 250 funds in the prior quarter. Fisher Asset Management is the leading Microsoft Corporation (NASDAQ:MSFT) stakeholder, with 26.8 million shares worth over $9 billion. 

Here is what Baron Opportunity Fund has to say about Microsoft Corporation (NASDAQ:MSFT) in its Q4 2021 investor letter:

“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.”