Microsoft Corporation’s (NASDAQ:MSFT) Cortana personal digital assistant may just be the future when it comes to computers making our lives more simplistic and care free. Today the company announced an interesting new update to Cortana, which will begin to hit as a Windows 10 update for those of you registered in Microsoft’s Windows Insider beta-testing program.
The main purpose of this update is for Microsoft Corporation (NASDAQ:MSFT) to increase the time management utility of Cortana. The update allows Cortana to understand meeting requests as well as calls to action via emails. For instance if you receive an email asking you to send a document to your boss by noon, on Thursday, Cortana will recognize this and shoot you a reminder right before the deadline is reached.
“We think we can be helpful by sitting on your shoulder,” Cortana Group Product Manager Marcus Ash stated. “It’s not meant to change your behavior.”
As it appears, Cortana should continue to evolve, as Microsoft Corporation (NASDAQ:MSFT) adds new features on a regular basis. It will be interesting to see where this sort of technology is in five to ten years. I personally think it’s going to be incredibly valuable. The stock is down 0.40% or $0.21 following the news, hitting $52.08 per share. Approximately 4.96M shares traded hands. MSFT shares have risen 11.92% since June 18, 2015 and are currently uptrending. It has outperformed the S&P500 by 20.79%.
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 5.36% above today’s ($52.08) 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 insider purchases, and 2 selling transactions for a total of $276.39 million in net activity. Gates William H Iii sold 4.00M shares worth $185.75 million. Turner Brian Kevin sold 69,158 shares worth $3.16M. 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 $416.01 billion. The Firm also creates and sells hardware, and delivers online advertising to the customers. It has 34.99 P/E ratio. The Firm operates in five divisions: Devices and Consumer Licensing, D&C Hardware, D&C Other, Commercial Licensing, and Commercial Other.