Billionaire Israel Englander is Buying These 5 Stocks

3. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 250
Millennium Management’s Stake Value: $505,030,000

Israel Englander’s Millennium Management started investing in Microsoft Corporation (NASDAQ:MSFT) during the fourth quarter of 2010. In Q3 2021, the hedge fund increased its stake in the company by 128%, and now holds shares worth over $505 million.

Recently, Morgan Stanley appreciated the leading position of Microsoft Corporation (NASDAQ:MSFT) in data management, as the sector contributed about 12% of the company’s total revenue in the first half of 2021. The firm lifted its price target on the stock to $364, with an Overweight rating on the shares. In its fiscal Q1 2022 results, Microsoft Corporation (NASDAQ:MSFT) posted an EPS of $2.27, which beat estimates by $0.19.

At the end of Q3 2021, 250 hedge funds tracked by Insider Monkey reported owning stakes in Microsoft Corporation (NASDAQ:MSFT), up from 238 in the previous quarter. These stakes hold a consolidated value of $65.8 billion.

Baron Funds mentioned Microsoft Corporation (NASDAQ:MSFT) in its Q3 2021 investor letter. Here is what the firm 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 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.”