Dillon & Associates Inc. Makes New $307,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Dillon & Associates Inc. bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,060 shares of the software maker's stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new position in shares of MicroStrategy in the 3rd quarter worth approximately $261,000. Empowered Funds LLC acquired a new position in MicroStrategy in the third quarter valued at $440,000. Thrivent Financial for Lutherans boosted its position in MicroStrategy by 1,486.5% during the third quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker's stock valued at $912,000 after acquiring an additional 5,069 shares during the last quarter. Quest Partners LLC acquired a new stake in MicroStrategy during the 3rd quarter worth about $208,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of MicroStrategy in the 3rd quarter worth about $609,000. 59.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Phong Le acquired 6,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the purchase, the chief executive officer now owns 6,000 shares of the company's stock, valued at approximately $510,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leslie J. Rechan sold 15,000 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the sale, the director now directly owns 4,970 shares in the company, valued at approximately $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Insiders own 9.16% of the company's stock.

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MicroStrategy Stock Down 0.5 %

MSTR stock traded down $1.70 during mid-day trading on Thursday, reaching $327.61. 2,670,593 shares of the company traded hands, compared to its average volume of 17,863,895. The stock has a market cap of $84.31 billion, a price-to-earnings ratio of -58.22 and a beta of 3.36. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00. The firm's 50 day moving average price is $316.62 and its 200 day moving average price is $292.37. 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 issued 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%.

Analyst Upgrades and Downgrades

MSTR has been the subject of several recent analyst reports. Benchmark reaffirmed a "buy" rating and set a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Mizuho initiated coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective for the company. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price on the stock. Canaccord Genuity Group reduced their price target on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $536.90.

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.