Harbour Investments Inc. lifted its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,482 shares of the software maker's stock after buying an additional 1,657 shares during the period. Harbour Investments Inc.'s holdings in MicroStrategy were worth $2,746,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock worth $465,573,000 after purchasing an additional 2,512,645 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of MicroStrategy by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after buying an additional 97,515 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of MicroStrategy by 971.3% in 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 period. Amundi raised its position in shares of MicroStrategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after buying an additional 413,028 shares during the period. Finally, Swiss National Bank raised its position in shares of MicroStrategy by 10.4% in the 4th quarter. Swiss National Bank now owns 517,000 shares of the software maker's stock worth $149,734,000 after buying an additional 48,800 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.
MicroStrategy Stock Performance
Shares of MSTR traded down $9.89 on Tuesday, reaching $284.38. 12,124,692 shares of the stock traded hands, compared to its average volume of 18,352,578. The firm has a market cap of $73.19 billion, a price-to-earnings ratio of -50.42 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00. The stock's 50-day moving average price is $319.90 and its 200-day moving average price is $284.19.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Sanford C. Bernstein reissued an "outperform" rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Maxim Group raised their target price on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Barclays decreased their price target on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Canaccord Genuity Group decreased their price target on MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Finally, Compass Point upgraded MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $536.90.
Read Our Latest Report on MSTR
MicroStrategy Company Profile
(
Free Report)
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.
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