Skandinaviska Enskilda Banken AB publ increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,010 shares of the software maker's stock after acquiring an additional 3,500 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in MicroStrategy were worth $10,593,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its position in MicroStrategy by 990.6% in 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 buying an additional 2,512,645 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 valued at $107,855,000 after buying an additional 579,994 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in MicroStrategy by 587.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock valued at $111,994,000 after buying an additional 567,628 shares in the last quarter. Swiss National Bank boosted its position in MicroStrategy by 904.7% in the third quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock valued at $78,939,000 after buying an additional 421,600 shares in the last quarter. Finally, Amundi raised its stake in shares of MicroStrategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after acquiring an additional 413,028 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.
MicroStrategy Stock Up 13.0 %
MSTR traded up $34.23 during midday trading on Friday, hitting $297.49. The company had a trading volume of 23,631,710 shares, compared to its average volume of 18,398,073. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $76.56 billion, a price-to-earnings ratio of -52.81 and a beta of 3.36. The stock's 50 day moving average price is $321.59 and its 200 day moving average price is $281.99.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted 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%.
Analyst Upgrades and Downgrades
MSTR has been the subject of several analyst reports. Benchmark reaffirmed a "buy" rating and set a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Barclays dropped their price target on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Mizuho initiated coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target for the company. BTIG Research raised their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Finally, Cantor Fitzgerald raised their price target 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 issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $536.90.
View Our Latest Research Report on MicroStrategy
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.
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