Microsoft’s (MSFT) stock eclipsed the $50 barrier last fall for the first time since March 2000. Michael Barclay, portfolio manager of the Columbia Dividend Income Fund (LBSAX), said there is no reason why the reinvigorated tech giant should not break $60 in the near future. 'One of the things they have done very well in the last couple years under Satya Nadella is pivot the company and really start to focus on where the puck is going in a sense, that being the cloud business,' said Barclay. Barclay added that Microsoft, down 8% year-to-date, still has the dominant enterprise software business which it can use to upsell customers to new cloud-based products. The Columbia Dividend Income Fund is down 2.5% thus far in 2016, according to fund-tracker Morningstar. The $7.9 billion fund has returned 10% annually over the past five years, outpacing 92% of its Morningstar large-cap value peers.