Xponance Inc. grew its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 30.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,541 shares of the software maker's stock after purchasing an additional 4,280 shares during the period. Xponance Inc.'s holdings in MicroStrategy were worth $5,370,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock valued at $465,573,000 after purchasing an additional 2,512,645 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of MicroStrategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock valued at $220,626,000 after buying an additional 97,515 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of 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. Amundi grew its position in MicroStrategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after acquiring an additional 413,028 shares in the last quarter. Finally, Swiss National Bank increased its stake in MicroStrategy by 10.4% in the fourth quarter. Swiss National Bank now owns 517,000 shares of the software maker's stock valued at $149,734,000 after acquiring an additional 48,800 shares during the last quarter. Institutional investors own 59.84% of the company's stock.
Analysts Set New Price Targets
Several brokerages have issued reports on MSTR. Monness Crespi & Hardt started coverage on MicroStrategy in a research note on Wednesday. They set a "neutral" rating for the company. Compass Point upgraded MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. TD Cowen upped their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Canaccord Genuity Group decreased 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. Finally, Benchmark restated a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $536.90.
Read Our Latest Analysis on MSTR
MicroStrategy Trading Up 0.6 %
Shares of NASDAQ MSTR traded up $1.93 during trading hours on Friday, hitting $304.00. The company's stock had a trading volume of 21,733,655 shares, compared to its average volume of 18,026,994. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00. The stock has a market cap of $78.24 billion, a price-to-earnings ratio of -53.97 and a beta of 3.36. 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 business has a 50-day simple moving average of $317.11 and a 200-day simple moving average of $287.84.
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 the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.
MicroStrategy Company Profile
(
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.
Further Reading
Before you consider MicroStrategy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MicroStrategy wasn't on the list.
While MicroStrategy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
