Top 5 Stock Picks of Ryan Frick’s Dorsal Capital

3. Microsoft Corporation (NASDAQ:MSFT)

Frick’s Stake Value: $189,630,000
Percentage of Ryan Frick’s 13F Portfolio: 8.85%
Number of Hedge Fund Holders: 238

Microsoft Corporation (NASDAQ:MSFT) is a global technology company that makes computer software, consumer devices, computers, and associated services. It was incorporated in 2009 and is ranked third on the list of top 10 stock picks of Ryan Frick’s Dorsal Capital. Microsoft Corporation (NASDAQ:MSFT) shares have offered investors more than 44.02% in returns over the course of the past 12 months.

On September 14, Morgan Stanley analyst Keith Weiss raised the price target on Microsoft Corporation (NASDAQ:MSFT) to $331 from $305 and kept an “Overweight” rating on the shares.

Dorsal Capital holds 700,000 shares in Microsoft Corporation (NASDAQ:MSFT), worth over $189.63 million, representing 8.85% of their portfolio. The hedge fund has decreased its stake in the firm by 25% in the second quarter of 2021. Martin Taylor’s Crake Asset Management is a leading shareholder in Microsoft Corporation (NASDAQ:MSFT), with 404,700 shares worth $109.63 billion.

Baron Opportunity Fund, in its second-quarter 2021 Investor Letter, the fund highlighted a few stocks and Microsoft Corporation (NASDAQ:MSFT) is one of them. 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.”