PNC Financial Services Group Inc. Increases Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

PNC Financial Services Group Inc. lifted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 74.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,505 shares of the software maker's stock after buying an additional 2,356 shares during the period. PNC Financial Services Group Inc.'s holdings in MicroStrategy were worth $1,594,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Mesirow Financial Investment Management Inc. raised its holdings in shares of MicroStrategy by 2.5% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 2,050 shares of the software maker's stock valued at $594,000 after buying an additional 50 shares in the last quarter. Edgestream Partners L.P. grew its position in MicroStrategy by 164.9% during the 4th quarter. Edgestream Partners L.P. now owns 10,793 shares of the software maker's stock worth $3,126,000 after acquiring an additional 6,719 shares during the last quarter. Callan Family Office LLC bought a new position in MicroStrategy during the 4th quarter worth approximately $267,000. E Fund Management Co. Ltd. bought a new position in MicroStrategy during the 4th quarter worth approximately $629,000. Finally, Candriam S.C.A. grew its position in shares of MicroStrategy by 42.1% in the 4th quarter. Candriam S.C.A. now owns 12,065 shares of the software maker's stock worth $3,494,000 after buying an additional 3,573 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MSTR. 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 on the stock. Canaccord Genuity Group cut their price objective on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. BTIG Research lifted their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Benchmark reiterated a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Compass Point upgraded MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, MicroStrategy currently has a consensus rating of "Moderate Buy" and a consensus price target of $536.90.

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MicroStrategy Stock Up 13.0 %

Shares of NASDAQ MSTR traded up $34.23 during mid-day trading on Friday, hitting $297.49. 23,631,710 shares of the stock traded hands, compared to its average volume of 18,398,073. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The company has a market cap of $76.56 billion, a price-to-earnings ratio of -52.81 and a beta of 3.36. The stock has a fifty day moving average price of $321.59 and a 200-day moving average price of $281.99.

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 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%.

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.