With virtual reality seemingly taking over as being the next cool technology on the horizon, and many companies showing off their new advancements in holographical viewing at CES earlier this month, Microsoft Corporation (NASDAQ:MSFT) has just announced some new details for their HoloLens device.
Microsoft’s Technical Evangelist Bruce Harris presented at an event taking place in Tel Aviv, and unveiled some very interesting details concerning the HoloLens. Most interesting of them all, was the fact that the device will run wirelessly, and feature an astounding 5.5 hours of battery life with basic usage or 2.5 hours under heavey use. Additionally all Windows 10 apps will apparently run on the HoloLens, opening up a myriad of possibilities for developers.
Another cool feature is one that will allow anyone, anywhere in the world to connect with another person, whether it be next door or on the other side of the globe, and see exactly what they are seeing. If one person in the United States is at the Super Bowl, he could connect with his sister living in Egypt so that she can experience everything he sees in real time (or very close to it).
Pricing for the device has not yet been announced, although the developer model which will ship sometime early this year, will cost a whopping $3,000.The stock decreased 3.99% or $2.12 on January 15, hitting $50.99. About 71.82M shares traded hands or 79.15% up from the average. MSFT has risen 10.92% since June 12, 2015 and is uptrending. It has outperformed the S&P500 by 19.79%.
From a total of 18 analysts covering Microsoft Corporation (NASDAQ:MSFT) stock, 14 rate it a “Buy”, 1 a “Sell”, and 3 a “Hold”. This means that 78% of the ratings are positive. The highest target price is $66 while the lowest target price is $20. The mean of all analyst targets is $54.87 which is 7.61% above today’s ($50.99) stock price. Microsoft Corporation was the topic of 36 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Morgan Stanley upgraded shares on January 13 to a “Overweight” rating. Vetr upgraded shares to a”Strong-Buy” rating and a $47.60 target share price in their report from a September 2. Barclays Capital maintained MSFT stock in a recent report from January 6 with a “Overweight” 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, Goldman Sachs upgraded the stock to a “Neutral” rating in a report they issued on a December 18.
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 4.00M 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 $407.30 billion. The Firm also creates and sells hardware, and delivers online advertising to the customers. It has 34.26 P/E ratio. The Firm operates in five divisions: Devices and Consumer Licensing, D&C Hardware, D&C Other, Commercial Licensing, and Commercial Other.