Assenagon Asset Management S.A. 13F: Cuts MSFT Stake by $384M

Assenagon Asset Management S.A. dialed back its exposure to Microsoft Corporation (NasdaqGS: MSFT) according to a Form 13F filing with the SEC on October 15, 2026. Institutional filings look backward at portfolio choices made during the previous quarter, meaning this disclosure shows where the fund stood rather than its exact day-to-day trades.

What Changed in Assenagon Asset Management S.A.'s Microsoft Position

Assenagon cut its holdings by 748,181 shares, which worked out to a 7.2% decrease from its earlier count. The fund wrapped up the period with 9,696,475 shares of the software maker. Those remaining shares held a total reported value of $4,973,322,028.

Other Institutional Activity in Microsoft

Other massive asset managers also made moves in Microsoft around the same time. Blackrock Inc. grew its holdings by 14,061,346 shares, ending with 607,367,113 shares worth about $321,327,563,718. Vanguard Capital Management LLC added 2,653,959 shares to hold 485,192,007 shares valued at roughly $256,690,825,380. State Street Corporation lifted its stake by 8,955,571 shares, finishing with 315,653,206 shares worth about $166,996,324,781. Geode Capital Management, LLC grew its position by 1,131,007 shares to own 189,632,090 shares valued at approximately $100,324,854,899. Meanwhile, FMR, LLC trimmed its holdings by 4,260,951 shares, leaving it with 185,960,066 shares worth about $98,382,170,647.

Microsoft Corporation Stock Down 1.4%

Microsoft shares recently traded around $526.01 as of October 16, 2026. The stock is sitting about 20.9% above its 200-day moving average of $435.04 and rests roughly 5.0% below its 52-week high of $553.72.

Recent Earnings

Microsoft pulled in $331,839,012,864 in trailing-twelve-month revenue. The company posted a net profit margin of 40.3% alongside a return on equity of 34.0%, with basic trailing earnings per share standing at $17.95. The company's next earnings report is scheduled for October 28, 2026.

Dividend

Microsoft shares carry an annual dividend yield of 0.73%. The company paid out 19.8% of its earnings as dividends over the trailing period.

Insider Buying and Selling at Microsoft Corporation

Company insiders executed several transactions prior to the filing date. Chief Executive Officer Satya Nadella sold 86,525 shares on September 1, 2026, totaling $43,388,532. Chief Financial Officer Amy E. Hood sold 41,674 shares on September 14, 2026, for a total of $20,764,845. Later, Hood also parted with 7,305 shares on October 13, 2026, valued at $3,984,303 under a planned trading arrangement.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock around the filing date. On October 15, 2026, UBS maintained its Buy rating while raising its price target to $675.00 from $525.00. Citigroup kept a Buy rating and lifted its target to $636.00 from $600.00. Mizuho maintained an Outperform rating with a target raised to $600.00 from $510.00. Jefferies kept a Buy rating and pushed its target to $650.00 from $575.00. TD Cowen maintained a Buy rating and raised its target to $625.00 from $540.00. Microsoft holds a consensus strong buy recommendation across 53 analyst opinions, with a mean price target of $596.22.

About Microsoft Corporation

Microsoft develops operating systems, cloud software, gaming consoles, and enterprise productivity tools used by millions of individuals and businesses across the globe. Institutional adjustments by firms like Assenagon offer insight into how large professional portfolios balance their massive technology holdings as market valuations shift.

Bottom Line

Assenagon's smaller stake reflects its portfolio choices from a prior period and may not represent where the fund stands today. Investors will look toward Microsoft's upcoming earnings release on October 28, 2026, for fresh updates on financial growth and cloud demand. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.