Johnson Investment Counsel Inc. Invests $933,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

Johnson Investment Counsel Inc. purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,220 shares of the software maker's stock, valued at approximately $933,000.

Other large investors also recently bought and sold shares of the company. Amalgamated Bank raised its position in shares of MicroStrategy by 862.3% during the 3rd quarter. Amalgamated Bank now owns 8,372 shares of the software maker's stock worth $1,412,000 after purchasing an additional 7,502 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of MicroStrategy by 781.4% during the third quarter. Principal Financial Group Inc. now owns 46,483 shares of the software maker's stock valued at $7,837,000 after acquiring an additional 41,209 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its position in shares of MicroStrategy by 900.0% in the third quarter. Mesirow Financial Investment Management Inc. now owns 2,000 shares of the software maker's stock valued at $337,000 after acquiring an additional 1,800 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of MicroStrategy by 1,086.8% in the third quarter. Sigma Planning Corp now owns 4,498 shares of the software maker's stock worth $758,000 after acquiring an additional 4,119 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its position in shares of MicroStrategy by 900.0% during the third quarter. Axxcess Wealth Management LLC now owns 2,000 shares of the software maker's stock worth $337,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.

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Analyst Ratings Changes

MSTR has been the topic of a number of research reports. Keefe, Bruyette & Woods started coverage on MicroStrategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective on the stock. Maxim Group raised their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Canaccord Genuity Group dropped their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. BTIG Research raised their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Finally, Cantor Fitzgerald upped their price target on MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $536.90.

MicroStrategy Trading Up 0.3 %

MicroStrategy stock traded up $0.71 during mid-day trading on Thursday, hitting $263.26. The company's stock had a trading volume of 13,740,584 shares, compared to its average volume of 18,608,548. The stock's fifty day moving average is $323.17 and its two-hundred day moving average is $280.08. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $67.75 billion, a PE ratio of -46.74 and a beta of 3.36. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

About MicroStrategy

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.