Canadian Nat Res LTD (CNQ) Shareholder Cushing Asset Management LP Boosted Stake; Torray Holding in Microsoft (MSFT) Boosted as Share Price Rose

April 23, 2018 - By Marguerite Chambers

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Torray Llc increased its stake in Microsoft (MSFT) by 22.17% based on its latest 2017Q4 regulatory filing with the SEC. Torray Llc bought 3,652 shares as the company’s stock rose 4.63% while stock markets declined. The institutional investor held 20,124 shares of the prepackaged software company at the end of 2017Q4, valued at $1.72M, up from 16,472 at the end of the previous reported quarter. Torray Llc who had been investing in Microsoft for a number of months, seems to be bullish on the $731.48 billion market cap company. The stock decreased 1.15% or $1.11 during the last trading session, reaching $95. About 25.59 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since April 23, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Cushing Asset Management Lp increased its stake in Canadian Nat Res Ltd (CNQ) by 89.77% based on its latest 2017Q4 regulatory filing with the SEC. Cushing Asset Management Lp bought 39,500 shares as the company’s stock declined 11.77% with the market. The hedge fund held 83,500 shares of the oil & gas production company at the end of 2017Q4, valued at $2.98M, up from 44,000 at the end of the previous reported quarter. Cushing Asset Management Lp who had been investing in Canadian Nat Res Ltd for a number of months, seems to be bullish on the $41.60B market cap company. The stock decreased 2.11% or $0.76 during the last trading session, reaching $35.26. About 2.42M shares traded. Canadian Natural Resources Limited (NYSE:CNQ) has declined 3.31% since April 23, 2017 and is downtrending. It has underperformed by 14.86% the S&P500.

Torray Llc, which manages about $624.45 million and $1.01B US Long portfolio, decreased its stake in Dowdupont Inc. by 6,248 shares to 183,702 shares, valued at $13.08 million in 2017Q4, according to the filing. It also reduced its holding in United Technologies (NYSE:UTX) by 14,812 shares in the quarter, leaving it with 141,405 shares, and cut its stake in Boardwalk Pipeline Partners (NYSE:BWP).

Since February 16, 2018, it had 0 buys, and 3 insider sales for $930,912 activity.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 6 Hold. Therefore 78% are positive. Microsoft Corporation had 173 analyst reports since July 22, 2015 according to SRatingsIntel. BMO Capital Markets maintained Microsoft Corporation (NASDAQ:MSFT) on Friday, October 21 with “Outperform” rating. The company was maintained on Tuesday, September 26 by Credit Suisse. The firm has “Outperform” rating by BMO Capital Markets given on Wednesday, July 20. The firm has “Buy” rating given on Thursday, April 12 by Credit Suisse. The stock has “Hold” rating by Canaccord Genuity on Thursday, July 6. BMO Capital Markets maintained Microsoft Corporation (NASDAQ:MSFT) rating on Thursday, January 25. BMO Capital Markets has “Buy” rating and $100.0 target. The stock has “Buy” rating by Piper Jaffray on Monday, October 2. The rating was maintained by Morgan Stanley with “Overweight” on Friday, February 2. Cowen & Co maintained the shares of MSFT in report on Friday, January 26 with “Buy” rating. Stifel Nicolaus maintained Microsoft Corporation (NASDAQ:MSFT) rating on Wednesday, July 20. Stifel Nicolaus has “Buy” rating and $60 target.

Investors sentiment decreased to 0.77 in Q4 2017. Its down 0.06, from 0.83 in 2017Q3. It is negative, as 39 investors sold MSFT shares while 1012 reduced holdings. 134 funds opened positions while 676 raised stakes. 5.46 billion shares or 0.90% less from 5.51 billion shares in 2017Q3 were reported. Heritage Wealth Advisors holds 1% or 27,473 shares. Roffman Miller Assoc Pa holds 4.1% in Microsoft Corporation (NASDAQ:MSFT) or 388,699 shares. Moreover, Nordea Investment Mgmt has 1.56% invested in Microsoft Corporation (NASDAQ:MSFT). 55,046 are held by Horan Cap Advsr Ltd. Financial Consulate Incorporated has 0.73% invested in Microsoft Corporation (NASDAQ:MSFT). Coe Mgmt has invested 0.27% in Microsoft Corporation (NASDAQ:MSFT). Centre Asset Mngmt Ltd Liability Co accumulated 257,907 shares or 5.38% of the stock. City Trust Fl reported 2.14% stake. Punch & Assoc Inv Management Incorporated reported 100,349 shares. The California-based Sand Hill Global Advsr Limited Liability Corporation has invested 0.7% in Microsoft Corporation (NASDAQ:MSFT). Cambridge Incorporated stated it has 86,354 shares or 3.65% of all its holdings. Patten And Patten Inc Tn invested 1.96% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Wolverine Asset Mngmt Limited Liability accumulated 61,313 shares or 0.05% of the stock. Moreover, Clarivest Asset Ltd Liability has 3.82% invested in Microsoft Corporation (NASDAQ:MSFT). Greystone Managed Invests holds 238,966 shares.

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