First Citizens Bank & Trust 13F: Adds $32M to MSFT Stake

First Citizens Bank & Trust Expands Stake in Microsoft Corporation

First Citizens Bank & Trust grew its holdings in Microsoft Corporation MSFT by lifting its position by 23.5%, according to a Form 13F filed with the Securities and Exchange Commission. The bank picked up 61,526 shares during the period to bring its total count to 322,846 shares. That block of stock carried a reported value of $165,587,712 at the close of the reporting window.

Inside the Bank's Portfolio Move

The added shares represent a notable expansion for the institution, which held 261,320 shares prior to this buying activity. Because 13F filings look backward at holdings from the close of a specific quarter, this snapshot reflects the bank's position at that time and may not represent its current stance. The firm previously made headlines for trimming positions elsewhere, such as a sharp cut to its Zoetis stake, but opted to direct fresh capital toward the Redmond-based software developer.

Microsoft Stock Dynamics and Recent Gains

The tech giant's shares have spent the year moving within a 52-week range of $349.20 to $553.72. Trading well above its 200-day moving average of $435.04, the software maker carries a market capitalization exceeding $4 trillion and trades at a P/E ratio of 30.1 alongside a forward P/E ratio of 22.7. Investors will look ahead to the company's next earnings report scheduled for October 28, 2026, which will provide fresh insight into revenue growth, profit margins, and cloud computing demand.

Recent Analyst Updates and Price Targets

Wall Street firms have adjusted their price targets for the software giant following recent market shifts. On October 16, 2026, StoneX maintained its Buy rating while raising its price target to $600.00 from $525.00. UBS kept a Buy rating on October 15, 2026, lifting its target to $675.00 from $525.00, and Citigroup maintained a Buy rating with a target of $636.00. Mizuho kept an Outperform rating with a $600.00 target, Jefferies maintained a Buy rating with a $650.00 target, and TD Cowen kept a Buy rating with a $625.00 target on the same day. Earlier in the month, Barclays maintained an Overweight rating with a $600.00 target on October 13, 2026, while Evercore ISI Group kept an Outperform rating with a $635.00 target on October 7, 2026. The stock currently holds a consensus recommendation key of strong_buy from 53 analyst opinions with a mean target price of $596.22.

Building Productivity and Cloud Infrastructure

Headquartered in Redmond, Washington, Microsoft Corporation develops and supports a vast portfolio of technology solutions for individuals and businesses worldwide. Its offerings span operating systems, server applications, cloud services, and productivity tools like Microsoft 365, alongside the Azure cloud platform, LinkedIn, and gaming hardware. This diverse tech footprint continues to draw steady institutional capital as enterprise demand for cloud and artificial intelligence infrastructure expands.

What to Watch Next for the Holding

Market participants tracking First Citizens Bank & Trust will monitor subsequent filings to see if the institution continues building its tech sector allocation. For Microsoft, attention centers on the upcoming earnings call on October 28, 2026. Institutional investors must weigh these quarterly updates against broader market valuations, keeping in mind that 13F disclosures trail actual trading dates by several weeks.