Mitsubishi UFJ Asset Management Co. Ltd. Acquires 42,769 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 41.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 145,989 shares of the software maker's stock after acquiring an additional 42,769 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.06% of MicroStrategy worth $42,281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock worth $465,573,000 after acquiring an additional 2,512,645 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of MicroStrategy by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after purchasing 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 shares of MicroStrategy by 971.3% in 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 valued at $107,855,000 after buying an additional 579,994 shares during the period. Amundi increased its position in shares of MicroStrategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after buying an additional 413,028 shares in the last quarter. Finally, Swiss National Bank raised its stake in MicroStrategy by 10.4% during the 4th quarter. Swiss National Bank now owns 517,000 shares of the software maker's stock worth $149,734,000 after buying an additional 48,800 shares during the period. Institutional investors own 59.84% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MSTR. Cantor Fitzgerald boosted their target price on MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Monness Crespi & Hardt lowered MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a research report on Tuesday. Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Finally, Canaccord Genuity Group lowered their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $508.09.

Insider Buying and Selling

In other MicroStrategy news, CAO Jeanine Montgomery sold 481 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the completion of the sale, the chief accounting officer now owns 7,805 shares of the company's stock, valued at $2,569,952.35. This trade represents a 5.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leslie J. Rechan sold 15,000 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the transaction, the director now owns 4,970 shares in the company, valued at approximately $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. 9.16% of the stock is currently owned by corporate insiders.

MicroStrategy Stock Up 3.0 %

Shares of NASDAQ MSTR traded up $9.23 during mid-day trading on Wednesday, hitting $315.25. The company had a trading volume of 5,865,028 shares, compared to its average volume of 17,818,532. The company has a market capitalization of $81.13 billion, a PE ratio of -56.00 and a beta of 3.36. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The firm has a 50-day simple moving average of $309.81 and a two-hundred day simple moving average of $298.32. 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) 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%.

About MicroStrategy

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.