PNC Financial Services Group Inc. boosted its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 74.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,505 shares of the software maker's stock after purchasing an additional 2,356 shares during the quarter. PNC Financial Services Group Inc.'s holdings in MicroStrategy were worth $1,594,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC increased its holdings in shares of MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock valued at $324,000 after purchasing an additional 35 shares during the period. Versant Capital Management Inc increased its stake in MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after buying an additional 39 shares during the period. WR Wealth Planners LLC raised its position in shares of MicroStrategy by 22.6% during the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker's stock worth $75,000 after buying an additional 48 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its stake in shares of MicroStrategy by 0.9% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker's stock worth $1,558,000 after acquiring an additional 50 shares during the period. Finally, Mesirow Financial Investment Management Inc. boosted its holdings in shares of MicroStrategy by 2.5% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 2,050 shares of the software maker's stock valued at $594,000 after acquiring an additional 50 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.
MicroStrategy Stock Up 13.0 %
MSTR stock opened at $297.49 on Friday. 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 firm has a market capitalization of $76.56 billion, a P/E ratio of -52.81 and a beta of 3.36. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The company's 50 day simple moving average is $321.59 and its 200-day simple moving average is $281.99.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) 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%.
Analyst Ratings Changes
A number of research firms have weighed in on MSTR. Canaccord Genuity Group cut their target price on MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Barclays decreased their target price on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Cantor Fitzgerald boosted their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. TD Cowen raised their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Finally, Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $536.90.
View Our Latest Analysis on MSTR
About MicroStrategy
(
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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