Cardinal Point Capital Management ULC 13F: Cuts MSFT Stake by $525K

Cardinal Point Capital Management ULC trimmed its holdings in Microsoft Corporation MSFT by 1,023 shares during the quarter, ending with 46,916 shares worth about $24.1 million. That adjustment represented a 2.1% decrease from its previous stake, as revealed in a Form 13F filing filed with the Securities and Exchange Commission on October 21, 2026. Microsoft closed at $532.95 on the filing date.

MSFT Microsoft Corporation

$532.95 ▲ +13.40% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Cardinal Point Capital Management ULC's Microsoft Position

The fund reduced its exposure to the software giant by shedding a small fraction of its portfolio, leaving it with 46,916 shares valued at $24,063,143 at the close of the period. This modest trim follows typical portfolio rebalancing by institutional investors navigating the tech sector's high valuations.

Other Institutional Activity in Microsoft

Other large investors also tweaked their positions in the tech giant around the same time. ASR Vermogensbeheer N.V. grew its holdings by 68,450 shares, ending with 1,106,556 shares worth about $567.6 million. Y-Intercept completely exited its position by shedding all 119,407 shares it previously held. Adams Diversified Equity Fund lowered its stake by 4,100 shares to end with 400,400 shares valued at about $205.4 million. Vest Financial increased its Microsoft holdings by 22,634 shares, bringing its total to 370,477 shares worth about $190.0 million. Finally, Bell Bank boosted its stake by 1,154 shares to end with 47,708 shares worth about $24.5 million.

Microsoft Corporation Stock Down 1.1%

Microsoft Corporation recently traded around $526.20 as of October 22, 2026, putting the stock down about 1.3% from its closing price on the filing date. The shares sit about 3.7% above their 50-day moving average of $507.30 and roughly 20.7% above their 200-day moving average of $436.10. The stock has traded between a 52-week low of $349.20 and a 52-week high of $553.72, recently resting about 5.0% below that peak and roughly 50.7% above its bottom. With a market capitalization near $3.96 trillion, the shares trade at a price-to-earnings ratio of 29.7 and a forward price-to-earnings ratio of 22.5. The company's average analyst price target sits at $601.73, placing the recent price about 12.6% below that level.

Recent Earnings

The Redmond, Washington-based tech developer generated $331.8 billion in trailing-twelve-month revenue alongside earnings of $17.95 per share. The company reports its next round of financial results on October 28, 2026.

Dividend

Microsoft pays an annual dividend rate of $3.92 per share, yielding 0.74% with a payout ratio of 19.8%.

Insider Buying and Selling at Microsoft Corporation

Company insiders completed several transactions prior to the filing date. Officer Judson Althoff sold 10,000 shares on August 5, 2026, at an average price of $487.89 for a total value of about $4.9 million. Chief Executive Officer Satya Nadella disposed of 86,525 shares on September 1, 2026, valued at approximately $43.4 million. Chief Financial Officer Amy E. Hood carried out two transactions, unloading 41,674 shares on September 14, 2026, worth about $20.8 million, followed by another sale of 7,305 shares on October 13, 2026, valued at about $4.0 million.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On October 15, 2026, UBS maintained a Buy rating while lifting its price target from $525 to $675. StoneX kept a Buy rating on October 16, 2026, raising its target from $525 to $600. Bernstein maintained an Outperform rating on October 19, 2026, nudging its target from $660 to $662. BMO Capital kept an Outperform rating on October 20, 2026, increasing its target from $515 to $600. Guggenheim reiterated a Buy rating with a $586 target on October 21, 2026. Overall, the stock carries a consensus Strong Buy rating from 53 analyst opinions.

About Microsoft Corporation

Microsoft develops operating systems, cloud services, business software, productivity tools, hardware devices, and video game systems for consumers and enterprises globally.

Bottom Line

Investors will watch Microsoft's upcoming earnings report on October 28, 2026, for further insight into cloud growth and artificial intelligence spending. Institutional adjustments like Cardinal Point's minor share reduction reflect standard portfolio maintenance as the software giant trades near the upper end of its yearly range.