5 Best Tech Stocks to Buy Now According to Nishkama Capital

2. Microsoft Corporation (NASDAQ:MSFT)

Nishkama made a rare purchase in a hugely popular stock during Q3, opening a stake in Microsoft Corporation (NASDAQ:MSFT) of 121,422 shares valued at $34.23 million at the end of September. Microsoft has consistently ranked as one of the most popular stocks among hedge funds, with 253 of them long MSFT on September 30.

Microsoft Corporation (NASDAQ:MSFT) has rewarded those shareholders greatly in recent years, gaining over 420% in the last five years. Nishkama clearly believes that further gains are in store given its large investment as the tech giant continues to grow adoption and engagement among its various services, including its Office suite of software tools and its Azure cloud platform.

ClearBridge Investments, an investment management firm, published its “Sustainability Leaders Strategy” third quarter 2021 investor letter, and highlighted Microsoft Corporation (NASDAQ:MSFT). Here‘s what the fund said:

“The Strategy modestly outperformed the benchmark; consistent with our fundamental approach that seeks balanced exposure to industries and the growth and value spectrum, performance was driven by companies from diverse sectors. Microsoft, which develops software including the Windows family of products, the Microsoft Office system and the Azure cloud platform, and is a leader in data protection and customer privacy as well as human rights and diversity, contributed strongly as earnings maintained positive sentiment. Microsoft is seeing a number of businesses reach a new, higher level of engagement, adoption and momentum.”