Everhart Financial Group Inc. Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Everhart Financial Group Inc. purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,352 shares of the software maker's stock, valued at approximately $392,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock valued at $465,573,000 after purchasing an additional 2,512,645 shares during the period. Charles Schwab Investment Management Inc. grew its position in MicroStrategy by 587.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock valued at $111,994,000 after buying an additional 567,628 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in MicroStrategy by 971.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker's stock worth $107,855,000 after buying an additional 579,994 shares during the last quarter. Swiss National Bank raised its position in MicroStrategy by 904.7% during the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock worth $78,939,000 after buying an additional 421,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of MicroStrategy by 21.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 415,098 shares of the software maker's stock worth $120,221,000 after acquiring an additional 71,934 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.

Analyst Ratings Changes

MSTR has been the topic of a number of recent analyst reports. BTIG Research boosted their price target 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. Canaccord Genuity Group dropped their target price on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Maxim Group increased their target price on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Mizuho started coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price target on the stock. Finally, Keefe, Bruyette & Woods began coverage on MicroStrategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $536.90.

MicroStrategy Price Performance

MSTR traded up $5.25 during trading on Thursday, reaching $323.92. 12,270,764 shares of the stock were exchanged, compared to its average volume of 16,601,342. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market capitalization of $77.63 billion, a price-to-earnings ratio of -57.50 and a beta of 3.25. MicroStrategy Incorporated has a 1 year low of $66.43 and a 1 year high of $543.00. The business's 50 day moving average price is $345.85 and its two-hundred day moving average price is $265.51.

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%.

MicroStrategy 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.