Shares of Microsoft Corporation (NASDAQ:MSFT) are trading down today, and while the delayed release of Platinum Games’ ‘Scalebound’ game probably isn’t the main reason, it certainly isn’t helping to get investors excited about what the company has in store for 2016.
Scalebound, which was slated to be one of Microsoft Corporation’s (NASDAQ:MSFT) biggest exclusive games released for the Xbox One in 2016, is now being pushed back to 2017 by developer Platinum Games.
“In order to deliver on our ambitious vision and ensure that Scalebound lives up to expectations, we will be launching the game in 2017,” the company wrote on their blog. “This will give us the time needed to bring to life all the innovative features and thrilling gameplay experiences that we have planned.”
Microsoft stock is down 2.65% or $1.47 today, hitting $54.01 per share. About 35.09M shares traded hands or 2.48% up from the average. MSFT has risen 18.40% since May 29, 2015 and is uptrending. It has outperformed the S&P500 by 20.52%.
From a total of 16 analysts covering Microsoft Corporation (NASDAQ:MSFT) stock, 12 rate it a “Buy”, 1 a “Sell”, and 3 a “Hold”. This means that 75% of the ratings are positive. The highest target price is $65 while the lowest target price is $20. The mean of all analyst targets is $52.86 which is -2.13% below today’s ($54.01) stock price. Microsoft Corporation was the topic of 32 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs upgraded shares on December 18 to a “Neutral” rating. Vetr upgraded shares to a”Strong-Buy” rating and a $47.60 target share price in their report from a September 2. Raymond James upgraded MSFT stock in a recent report from November 30 to a “Strong Buy” rating. Global Equities Research maintained the rating on August 28. Global Equities Research has a “Overweight” rating and a $50 price target on shares. Finally, Piper Jaffray maintained the stock with a “Overweight” rating in a report they issued on a November 10.
The institutional sentiment increased to 1.08 in Q2 2015. It’s up 0.32, from 0.76 in 2015Q2. The ratio increased, as 69 funds sold all their Microsoft Corporation shares they owned while 801 reduced their positions. 93 funds bought stakes while 843 increased their total positions. Institutions now own 5.20 billion shares which is 8.27% less than the previous share count of 5.67 billion in 2015Q2.
Cook & Bynum Capital Management Llc holds 25.5% of its total portfolio in Microsoft Corporation, equating to 717,081 shares. Rwwm Inc. owns 895,414 shares representing 19.69% of their total US portfolio. Moreover, Valueact Holdings L.P. has 19.37% of their total portfolio invested in the company, equating to 75.27 million shares. The California-based Smithwood Advisers L.P. has a total of 17.28% of their portfolio invested in the stock. Deccan Value Investors L.P., a Connecticut-based fund reported 2.26 million shares owned.
Since April 28, 2015, the stock had 0 buys, and 4 selling transactions for a total of $370.34 million in net activity. Gates William H Iii sold 4.00 million shares worth $185.75 million. Turner Brian Kevin sold 69,158 shares worth $3.16 million. Capossela Christopher C sold 4,485 shares worth $218,464. Brod Frank H sold 4,500 shares worth $215,294.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software services and products. The company has a market cap of $443.75 billion. The Firm also creates and sells hardware, and delivers online advertising to the customers. It has 36.29 P/E ratio. The Firm operates in five divisions: Devices and Consumer Licensing, D&C Hardware, D&C Other, Commercial Licensing, and Commercial Other.