Principal Financial Group Inc. Sells 17,963 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Principal Financial Group Inc. trimmed its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 38.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,520 shares of the software maker's stock after selling 17,963 shares during the quarter. Principal Financial Group Inc.'s holdings in MicroStrategy were worth $8,260,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in MicroStrategy during the 3rd quarter worth $27,000. Sunbelt Securities Inc. increased its stake in shares of MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock worth $27,000 after purchasing an additional 144 shares during the period. Private Wealth Management Group LLC increased its stake in shares of MicroStrategy by 208.8% in the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker's stock worth $30,000 after purchasing an additional 71 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of MicroStrategy during the 3rd quarter worth about $32,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in MicroStrategy during the 4th quarter valued at approximately $32,000. 59.84% of the stock is owned by institutional investors.

MicroStrategy Price Performance

NASDAQ:MSTR traded up $9.32 during mid-day trading on Wednesday, hitting $284.47. The company's stock had a trading volume of 8,161,951 shares, compared to its average volume of 19,016,050. The company has a market capitalization of $73.21 billion, a price-to-earnings ratio of -50.28 and a beta of 3.25. 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 fifty-two week low of $101.00 and a fifty-two week high of $543.00. The stock has a fifty day moving average of $328.15 and a 200-day moving average of $275.23.

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 net margin of 251.73% and a negative return on equity of 19.01%.

Analyst Upgrades and Downgrades

MSTR has been the topic of several recent analyst reports. TD Cowen lifted their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Mizuho started coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price on the stock. Barclays reduced their price target on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Keefe, Bruyette & Woods initiated 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. Finally, Cantor Fitzgerald increased their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $536.90.

MicroStrategy Company 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.