Harvest Fund Management Co. Ltd Has $3.12 Million Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Harvest Fund Management Co. Ltd lifted its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 2,261.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,770 shares of the software maker's stock after buying an additional 10,314 shares during the period. Harvest Fund Management Co. Ltd's holdings in MicroStrategy were worth $3,119,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Maryland State Retirement & Pension System boosted its position in shares of MicroStrategy by 0.3% in the fourth quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock worth $2,604,000 after buying an additional 30 shares during the period. Xponance Inc. boosted its position in shares of MicroStrategy by 30.0% in the fourth quarter. Xponance Inc. now owns 18,541 shares of the software maker's stock worth $5,370,000 after buying an additional 4,280 shares during the period. Generali Asset Management SPA SGR acquired a new stake in shares of MicroStrategy in the fourth quarter worth $10,967,000. Thrivent Financial for Lutherans boosted its position in MicroStrategy by 118.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 11,794 shares of the software maker's stock valued at $3,688,000 after purchasing an additional 6,384 shares during the last quarter. Finally, Tejara Capital Ltd acquired a new stake in MicroStrategy during the fourth quarter valued at $290,000. Institutional investors and hedge funds own 59.84% of the company's stock.

MicroStrategy Price Performance

NASDAQ MSTR traded up $1.93 during trading on Friday, reaching $304.00. 21,733,655 shares of the company traded hands, compared to its average volume of 18,038,230. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock's 50 day moving average price is $317.11 and its two-hundred day moving average price is $286.69. The company has a market cap of $78.24 billion, a price-to-earnings ratio of -53.97 and a beta of 3.36. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00.

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MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data 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%.

Wall Street Analyst Weigh In

Several research firms have weighed in on MSTR. Keefe, Bruyette & Woods began coverage on MicroStrategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price on the stock. Mizuho assumed coverage on MicroStrategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price on the stock. Sanford C. Bernstein reiterated an "outperform" rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Benchmark reiterated a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Finally, TD Cowen lifted their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, MicroStrategy presently has an average rating of "Buy" and an average target price of $536.90.

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.