Royal London Asset Management Ltd. Buys 9,268 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Royal London Asset Management Ltd. increased its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,747 shares of the software maker's stock after purchasing an additional 9,268 shares during the quarter. Royal London Asset Management Ltd.'s holdings in MicroStrategy were worth $19,911,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MSTR. Geode Capital Management LLC grew 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 buying an additional 2,512,645 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 acquiring an additional 579,994 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of MicroStrategy by 587.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock worth $111,994,000 after acquiring an additional 567,628 shares in the last quarter. Amundi raised its holdings in shares of MicroStrategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after purchasing an additional 413,028 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of MicroStrategy in the fourth quarter worth $81,783,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

MSTR has been the topic of several recent research reports. Monness Crespi & Hardt initiated coverage on shares of MicroStrategy in a research note on Wednesday, March 19th. They issued a "neutral" rating on the stock. Cantor Fitzgerald lifted their target price on MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Benchmark reissued a "buy" rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Maxim Group raised their price target on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, Mizuho began coverage on MicroStrategy in a research note on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $536.90.

Insider Transactions at MicroStrategy

In other news, CFO Andrew Kang purchased 1,500 shares of the stock in a transaction on Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the acquisition, the chief financial officer now owns 1,500 shares in the company, valued at $127,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Wei-Ming Shao bought 500 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the acquisition, the executive vice president now owns 500 shares of the company's stock, valued at $42,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 8,000 shares of company stock worth $680,000. Insiders own 9.16% of the company's stock.

MicroStrategy Price Performance

NASDAQ MSTR traded up $6.09 on Tuesday, hitting $341.81. 14,997,975 shares of the company's stock were exchanged, compared to its average volume of 18,046,719. The stock has a 50-day moving average of $317.26 and a 200-day moving average of $290.51. The stock has a market cap of $87.97 billion, a price-to-earnings ratio of -60.68 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 has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (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%.

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.