SBI Securities Co. Ltd. Invests $11.02 Million in MicroStrategy Incorporated (NASDAQ:MSTR)

SBI Securities Co. Ltd. bought a new position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 38,051 shares of the software maker's stock, valued at approximately $11,020,000.

A number of other large investors also recently added to or reduced their stakes in MSTR. Riverview Trust Co bought a new position in shares of MicroStrategy during the fourth quarter valued at about $25,000. SRS Capital Advisors Inc. increased its position in shares of MicroStrategy by 761.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 543 shares of the software maker's stock valued at $157,000 after buying an additional 480 shares during the period. Smartleaf Asset Management LLC increased its position in shares of MicroStrategy by 107.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 742 shares of the software maker's stock valued at $225,000 after buying an additional 384 shares during the period. Capital Wealth Planning LLC increased its position in shares of MicroStrategy by 352.8% during the fourth quarter. Capital Wealth Planning LLC now owns 1,037 shares of the software maker's stock valued at $300,000 after buying an additional 808 shares during the period. Finally, Metis Global Partners LLC grew its holdings in MicroStrategy by 78.7% in the fourth quarter. Metis Global Partners LLC now owns 3,573 shares of the software maker's stock worth $1,035,000 after purchasing an additional 1,573 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MSTR. Barclays cut their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. BTIG Research increased their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Sanford C. Bernstein restated an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective on the stock. Finally, Cantor Fitzgerald increased their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $536.90.

MicroStrategy Price Performance

MSTR traded up $24.23 during trading on Tuesday, hitting $275.15. 29,980,988 shares of the company traded hands, compared to its average volume of 19,056,802. The company has a market cap of $70.81 billion, a PE ratio of -48.85 and a beta of 3.25. The stock's 50-day simple moving average is $328.15 and its two-hundred day simple moving average is $275.23. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year 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 posted its 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%.

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.