Teacher Retirement System of Texas Invests $15.77 Million in MicroStrategy Incorporated (NASDAQ:MSTR)

Teacher Retirement System of Texas acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 54,453 shares of the software maker's stock, valued at approximately $15,771,000.

A number of other hedge funds have also bought and sold shares of the company. Maryland State Retirement & Pension System boosted its stake in shares of MicroStrategy by 0.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock valued at $2,604,000 after purchasing an additional 30 shares during the period. GPS Wealth Strategies Group LLC grew its stake in MicroStrategy by 3.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock worth $324,000 after acquiring an additional 35 shares in the last quarter. Versant Capital Management Inc increased its position in shares of MicroStrategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock worth $41,000 after acquiring an additional 39 shares during the period. WR Wealth Planners LLC increased its position in shares of MicroStrategy by 22.6% during the fourth quarter. WR Wealth Planners LLC now owns 260 shares of the software maker's stock worth $75,000 after acquiring an additional 48 shares during the period. Finally, Sterling Investment Advisors Ltd. raised its stake in shares of MicroStrategy by 0.9% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker's stock valued at $1,558,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 59.84% of the company's stock.

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MicroStrategy Stock Up 1.8 %

NASDAQ:MSTR traded up $6.09 during midday trading on Tuesday, reaching $341.81. 14,997,975 shares of the stock traded hands, compared to its average volume of 18,046,719. The stock has a market capitalization of $87.97 billion, a PE ratio of -60.68 and a beta of 3.36. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. 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 moving average of $317.26 and a two-hundred day moving average of $290.51.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insider Activity at MicroStrategy

In related news, CEO Phong Le purchased 6,000 shares of the business's stock in a transaction on Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, for a total transaction of $510,000.00. Following the purchase, the chief executive officer now owns 6,000 shares of the company's stock, valued at $510,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Wei-Ming Shao acquired 500 shares of the stock in a transaction dated Thursday, March 20th. The shares were bought at an average price of $85.00 per share, with a total value of $42,500.00. Following the completion of the purchase, the executive vice president now directly owns 500 shares of the company's stock, valued at approximately $42,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 8,000 shares of company stock valued at $680,000 in the last ninety days. Corporate insiders own 9.16% of the company's stock.

Wall Street Analyst Weigh In

MSTR has been the topic of several research reports. TD Cowen raised their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Cantor Fitzgerald raised their price target on MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price on the stock. Canaccord Genuity Group cut their target price on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Benchmark reaffirmed a "buy" rating and issued a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, MicroStrategy presently has a consensus rating of "Buy" and a consensus 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.