MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 15.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,946 shares of the software maker's stock after purchasing an additional 9,437 shares during the quarter. Pictet Asset Management Holding SA's holdings in MicroStrategy were worth $19,968,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MSTR. Geode Capital Management LLC boosted its holdings in shares of MicroStrategy by 990.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock valued at $465,573,000 after buying an additional 2,512,645 shares in the last quarter. Norges Bank purchased a new stake in MicroStrategy during the fourth quarter valued at approximately $523,981,000. Charles Schwab Investment Management Inc. boosted its stake in MicroStrategy by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock valued at $220,626,000 after acquiring an additional 97,515 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in MicroStrategy by 971.3% in the third 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 purchasing an additional 579,994 shares during the last quarter. Finally, Amundi increased its position in shares of MicroStrategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after purchasing an additional 413,028 shares in the last quarter. Institutional investors own 59.84% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MSTR shares. Sanford C. Bernstein restated an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Mizuho began coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price target for the company. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective on the stock. Cantor Fitzgerald lifted their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group cut their price target on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $508.09.

MicroStrategy Stock Performance

MSTR traded down $31.16 during midday trading on Thursday, hitting $281.38. 11,543,450 shares of the company were exchanged, compared to its average volume of 17,831,702. The firm has a market capitalization of $72.41 billion, a price-to-earnings ratio of -49.36 and a beta of 3.36. The company's 50 day simple moving average is $308.52 and its 200 day simple moving average is $298.42. 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 Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00.

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 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%.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, Director Leslie J. Rechan sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the sale, the director now directly owns 4,970 shares of the company's stock, valued at approximately $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao acquired 500 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $42,500.00. Following the completion of the transaction, the executive vice president now directly owns 500 shares of the company's stock, valued at approximately $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. 9.16% of the stock is owned by corporate insiders.

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.