5 Stocks to Invest In Today According to Rob Cope’s Columbus Point

1. Microsoft Corporation (NASDAQ: MSFT)

Cope’s Stake Value: $28,824,000
Percentage of Rob Cope’s 13F Portfolio: 12.84%
Number of Hedge Fund Holders: 238

Microsoft Corporation (NASDAQ: MSFT) is a multinational technology company based in Redmond, Washington, making computer software, consumer devices, computers, and related services. The company was founded in 1975 and is placed first on the list of 10 stocks to invest in today according to Rob Cope’s Columbus Point. Microsoft Corporation (NASDAQ: MSFT) shares have offered investors more than 42% in returns over the past year.

On August 17, Rubrik announced a strategic partnership with Microsoft Corporation (NASDAQ: MSFT) to expedite collective solutions and provide cyber resiliency for clients and a Microsoft equity investment in the company. In addition, on August 17, Avaya (NYSE: AVYA) announced integrating audio, video, chat, and SMS capabilities from Microsoft Azure into its OneCloud Communications Platform as a Service (CPaaS) to develop a global go-to-market and co-selling strategy.

Columbus Point holds 106,402 shares in Microsoft Corporation (NASDAQ: MSFT) worth over $28.82 million, representing 12.84% of their portfolio. The hedge fund has increased stakes in the tech firm by 12% in the second quarter. Hedge fund sentiment increased for Microsoft Corporation (NASDAQ: MSFT) in the second quarter. Insider Monkey’s data shows that 238 elite hedge funds held stakes in the company in the second quarter, down from 251 funds a quarter earlier.

In its second-quarter 2021 investor letter, Alger mentioned Microsoft Corporation (NASDAQ: MSFT). Here is what the fund said:

“Microsoft Corp. was among the top contributors to performance. Microsoft is a Positive Dynamic Change beneficiary of corporate America’s transformative digitization. Microsoft’s enterprise cloud product, Azure, is rapidly growing and accruing market share. Recently, Microsoft reported that Azure grew 50% during the past quarter.…” (Click here to see the full text).

You can also take a peek at the 10 Penny Stocks Redditors are Buying in August and 10 Best Small-Cap Stocks to Buy According to Hedge Funds.

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