Bell Bank 13F: Adds $592K to Microsoft (MSFT) Stake

Bell Bank increased its holdings in Microsoft Corporation (NASDAQ:MSFT) during the third quarter, according to a Form 13F filing submitted to the Securities and Exchange Commission on October 21, 2026. Institutional investors use these quarterly reports to reveal their stock ownership levels to the public. Microsoft develops widely used software, cloud infrastructure platforms, and hardware devices for customers around the world.

MSFT Microsoft Corporation

$532.95 ▲ +13.40% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Bell Bank's Microsoft Position

Bell Bank boosted its stake in Microsoft Corporation by 1,154 shares during the period. That change represented a 2.5% increase for the fund. The firm held 46,708 shares prior to the adjustment and finished the quarter with 47,708 shares. The reported value of the holding reached $24,469,433 at the close of the reporting window.

Microsoft Corporation Stock Down 1.1%

Microsoft Corporation shares recently traded around $532.81 as of October 22, 2026. The stock closed at $532.95 on the filing date of October 21, 2026. The recent price sits near the upper end of its 52-week range, which runs from a low of $349.20 to a high of $553.72. The shares trade well above both their 50-day moving average of $507.30 and their 200-day moving average of $436.10.

Recent Earnings

Microsoft generated trailing-twelve-month revenue of $331.8 billion. The company reported a net profit margin of 40.3% alongside a return on equity of 34.0%. Its trailing earnings per share stood at $17.95, giving the software maker a price-to-earnings ratio of 29.7. Investors will review the next earnings report scheduled for October 28, 2026, for updated financial metrics.

Dividend

Microsoft pays an annual dividend rate of $3.92 per share. That payout translates to a dividend yield of 0.74%. The company allocates 19.8% of its earnings toward dividend payments.

Insider Buying and Selling at Microsoft Corporation

Company insiders completed several share transactions prior to the filing. Officer Judson Althoff sold 10,000 shares on August 5, 2026, for $4,878,930. Chief Executive Officer Satya Nadella sold 86,525 shares on September 1, 2026, valued at $43,388,532. Chief Financial Officer Amy E. Hood sold 41,674 shares for $20,764,845 on September 14, 2026, and later sold 7,305 shares worth $3,984,303 on October 13, 2026.

Analysts Set New Price Targets

Wall Street research firms updated their views on the software maker ahead of the filing. UBS maintained a buy rating while raising its price target from $525.00 to $675.00 on October 15, 2026. StoneX maintained a buy rating and lifted its target from $525.00 to $600.00 on October 16, 2026. Bernstein kept an outperform rating and moved its target from $660.00 to $662.00 on October 19, 2026. BMO Capital maintained an outperform rating and raised its target from $515.00 to $600.00 on October 20, 2026. Guggenheim reiterated a buy rating with a $586.00 target on October 21, 2026. The stock holds a consensus strong buy rating from 53 analysts.

About Microsoft Corporation

Microsoft Corporation creates technology products that serve individual consumers and large enterprises alike. Its core offerings include desktop operating systems, cloud computing infrastructure, server applications, business productivity software, and gaming hardware. As a dominant force in artificial intelligence and enterprise cloud services, the company remains a central focus for institutional asset managers tracking the technology sector.

Bottom Line

Bell Bank's decision to grow its Microsoft position reflects steady institutional backing for the technology leader. Market participants will monitor the upcoming earnings release on October 28, 2026, to gauge ongoing revenue growth and profitability trends. Institutional ownership reports provide historical insight into how major portfolio managers position their assets over time.