Was Ronald Hua’s QTRON Investments Right About These 5 Stocks?

3. Microsoft Corporation (NASDAQ:MSFT)

QTRON Investments’ Stake Value: $14.6 million
Percentage of QTRON Investments’ 13F Portfolio: 3.92%
MSFT’s Performance Over the Past 12 Months as of November 19: -29%

Microsoft Corporation (NASDAQ:MSFT) is engaged in the business of developing and licensing consumer and enterprise software. The company is famous for its Windows operating systems and Office productivity suite. The company, with a market cap of $2.57 trillion, is third on our list of top 10 stock picks of Ronald Hua’s QTRON Investments. At the end of the third quarter of 2021, the company made 3.92% of the total investment portfolio of the hedge fund.

At the end of the third quarter of 2021, 250 funds out of the 867 tracked by Insider Monkey held stakes worth $65.8 billion, up from 238 in the preceding quarter worth $62.4 billion.

Wedbush analyst Dan Ives has given a price target of $375 and has an Outperform rating on the stock of Microsoft Corporation (NASDAQ:MSFT).

In its third quarter 2021 investor letter, Baron Funds, an asset management firm, mentioned a few stocks and Microsoft Corporation (NASDAQ:MSFT) was one of them. 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 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.”