Fortis Group Advisors LLC Purchases New Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Fortis Group Advisors LLC purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 755 shares of the software maker's stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MSTR. Creative Planning boosted its holdings in shares of MicroStrategy by 1,294.2% during the third quarter. Creative Planning now owns 89,784 shares of the software maker's stock valued at $15,138,000 after acquiring an additional 83,344 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of MicroStrategy by 820.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 359 shares of the software maker's stock valued at $61,000 after acquiring an additional 320 shares during the period. Whittier Trust Co. boosted its holdings in shares of MicroStrategy by 921.6% during the third quarter. Whittier Trust Co. now owns 1,890 shares of the software maker's stock valued at $319,000 after acquiring an additional 1,705 shares during the period. Shariaportfolio Inc. raised its stake in shares of MicroStrategy by 1,121.2% during the third quarter. Shariaportfolio Inc. now owns 116,873 shares of the software maker's stock valued at $19,705,000 after purchasing an additional 107,303 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in shares of MicroStrategy by 915.2% during the third quarter. Foundations Investment Advisors LLC now owns 120,970 shares of the software maker's stock valued at $20,396,000 after purchasing an additional 109,054 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.

MicroStrategy Stock Performance

Shares of MSTR stock traded down $24.23 during trading hours on Friday, reaching $299.69. 17,854,873 shares of the company's stock were exchanged, compared to its average volume of 16,638,439. MicroStrategy Incorporated has a fifty-two week low of $67.81 and a fifty-two week high of $543.00. The stock has a market capitalization of $71.82 billion, a P/E ratio of -53.20 and a beta of 3.25. The business has a fifty day moving average price of $344.48 and a 200-day moving average price of $265.91. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced 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 net margin of 251.73% and a negative return on equity of 19.01%.

Analysts Set New Price Targets

Several research firms have issued reports on MSTR. Maxim Group boosted their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Sanford C. Bernstein restated an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Keefe, Bruyette & Woods began coverage on MicroStrategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective on the stock. Compass Point upgraded MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, BTIG Research boosted their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. One investment 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $536.90.

MicroStrategy Company Profile

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.