While the ‘Internet of Things’ (IoT) is only in its infancy, Microsoft Corporation (NASDAQ:MSFT) understands that in order to lead a market, they must get in early, and that’s just what they are doing. Today it was announced that Microsoft Corporation (NASDAQ:MSFT), who has been a partner with Samsung for over 30 years when it comes to tablets and laptops, has extended this partnership to include the Internet of Things. This partnership will allow Samsung to utilize the Windows 10 operating system to power a variety of IoT devices from TVs to refrigerators to tablets and more.
“With Windows 10, both companies wanted to do something great together, and we showcased the new Samsung Galaxy TabPro S, along with our shared vision for future innovation together across the entire Internet of Things,” explained Terry Myers, EVP for Windows at Microsoft. “Along with Samsung, we share a common vision for millions and millions of devices and Things all communicating together using open protocols and standards within inclusive ecosystems, inspiring the creativity of software developers, device manufacturers, and rising star Makers around the world.”
It will certainly be interesting to see where the battle lines are drawn between the major tech companies in the war to control the Internet of Things space. The stock is currently trading higher by 0.44% or $0.23 following the positive news, hitting $52.4 per share at the time of us publishing this article. About 446,182 shares traded hands. MSFT has risen 12.53% since June 4, 2015 and is uptrending. It has outperformed the S&P500 by 17.22%.
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 0.88% above today’s ($52.4) 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 $185.75M. 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 $418.57 billion. The Firm also creates and sells hardware, and delivers online advertising to the customers. It has 35.21 P/E ratio. The Firm operates in five divisions: Devices and Consumer Licensing, D&C Hardware, D&C Other, Commercial Licensing, and Commercial Other.