UniSuper Management Pty Ltd Has $1.01 Million Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

UniSuper Management Pty Ltd cut its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 28.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,500 shares of the software maker's stock after selling 1,417 shares during the period. UniSuper Management Pty Ltd's holdings in MicroStrategy were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sava Infond d.o.o. acquired a new position in shares of MicroStrategy in the fourth quarter valued at approximately $232,000. Elo Mutual Pension Insurance Co lifted its position in MicroStrategy by 22.5% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 17,160 shares of the software maker's stock valued at $4,970,000 after acquiring an additional 3,149 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in MicroStrategy by 41.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 145,989 shares of the software maker's stock worth $42,281,000 after purchasing an additional 42,769 shares during the period. Korea Investment CORP increased its holdings in MicroStrategy by 144.8% during the 4th quarter. Korea Investment CORP now owns 84,416 shares of the software maker's stock worth $24,449,000 after purchasing an additional 49,936 shares in the last quarter. Finally, Heritage Wealth Advisors bought a new position in MicroStrategy during the 4th quarter worth about $768,000. 59.84% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

MSTR has been the subject of several recent research reports. Mizuho initiated coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective for the company. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective on the stock. Benchmark restated a "buy" rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Canaccord Genuity Group cut their price target 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. One 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $508.09.

Insider Buying and Selling at MicroStrategy

In other news, CEO Phong Le bought 6,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were bought at an average price of $85.00 per share, for a total transaction of $510,000.00. Following the completion of the purchase, the chief executive officer now owns 6,000 shares in the company, valued at approximately $510,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew Kang purchased 1,500 shares of MicroStrategy stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, with a total value of $127,500.00. Following the completion of the purchase, the chief financial officer now directly owns 1,500 shares in the company, valued at $127,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Insiders own 9.16% of the company's stock.

MicroStrategy Stock Performance

Shares of MSTR stock traded up $11.33 on Friday, reaching $293.61. The stock had a trading volume of 24,786,728 shares, compared to its average volume of 17,865,732. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00. The firm has a market capitalization of $75.56 billion, a price-to-earnings ratio of -52.12 and a beta of 3.36. The firm's 50-day moving average is $305.50 and its two-hundred day moving average is $299.41. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

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 (EPS) 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.