In its latest SEC filing for the third quarter, Westwood Wealth Management trimmed its Microsoft stake by 15.9%, selling 4,720 shares and leaving it with 24,897 shares of the software giant. Microsoft now represents approximately 4.7% of Westwood’s total assets, making it the fund’s sixth largest holding. As of the filing date, the remaining position was valued at $12.895 million.

Several smaller funds also adjusted their exposure to Microsoft during the recent quarters. Longfellow Investment Management boosted its holding by 51.3%, adding 20 shares to reach 59 shares valued at $29,000. Bayforest Capital and LSV Asset Management initiated new positions in the third and fourth quarters worth $38,000 and $44,000 respectively. The University of Illinois Foundation acquired 1,358 shares for $50,000, while ROSS JOHNSON & Associates more than doubled its position—up 155.7% to 156 shares valued at $59,000. Overall, institutional investors and hedge funds collectively own 71.13% of Microsoft’s outstanding shares.

On October 30th, Raymond James lowered its Microsoft target from $630 to $600 while maintaining an outperform rating. Evercore ISI followed suit, cutting its objective from $640 to $580 with an outperform designation. DZ Bank and DA Davidson both reiterated buy ratings, with DA Davidson assigning a $650 target. Sanford C. Bernstein trimmed its price objective slightly from $645 to $641 but kept an outperform stance. Of the 44 analysts covering Microsoft, one holds a strong buy, 40 recommend buy and three advise hold, resulting in a consensus target of $597.73 and an overall “Moderate Buy” consensus.