5 Best Tech Stocks to Buy Now According to Joe Dimenna’s Zweig-DiMenna Partners

2. Microsoft Corporation (NASDAQ:MSFT)

Zweig-DiMenna Partners’ Stake Value: $17,154,000
Zweig-DiMenna Partners’ 13F Portfolio: 2.28%
Number of Hedge Fund Holders: 262

Microsoft Corporation (NASDAQ:MSFT) is a tech firm. The firm creates and maintains a variety of software products, devices, and solutions. According to Insider Monkey’s Q4 data, 262 hedge funds were bullish on Microsoft Corporation (NASDAQ:MSFT), compared to 250 funds in the prior quarter. In Q4 2021, the total value of stakes owned was $75.67 billion.

Following Microsoft Corporation (NASDAQ:MSFT)’s fiscal Q3 report on April 27, Morgan Stanley analyst Keith Weiss initiated coverage of the stock, maintaining an Overweight rating and a $372 price target. With 55,638 shares valued at $17.15 million, Microsoft Corporation (NASDAQ:MSFT) accounts for 2.28% of the Q1 13F portfolio of Zweig-DiMenna Partners.

In its Q4 2021 investor letter, Vulcan Value Partners highlighted a few stocks, and Microsoft Corporation (NASDAQ:MSFT) was one of them. Here is what the fund said:

“Microsoft Corporation (NASDAQ:MSFT) was a material contributor during the quarter. It is one of the highest quality companies in the world. We believe it has tremendous competitive advantages in its consumer and commercial Microsoft Office products as well as in its server and tools and Azure divisions. Over the last several years, Microsoft Corporation (NASDAQ:MSFT) has been implementing a successful transition from a traditional software license and maintenance revenue model to a subscription revenue model. The company remains competitively entrenched, produces strong free cash flow, and has a strong balance sheet.”