MicroStrategy Incorporated (NASDAQ:MSTR) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 16.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 65,635 shares of the software maker’s stock after purchasing an additional 9,353 shares during the period. Asset Management One Co. Ltd.’s holdings in MicroStrategy were worth $19,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in MSTR. National Bank of Canada FI lifted its position in shares of MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after buying an additional 18,207 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in MicroStrategy in the third quarter worth about $254,000. Clarity Capital Partners LLC boosted its stake in MicroStrategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock valued at $7,274,000 after acquiring an additional 13,817 shares during the period. Wellington Management Group LLP grew its holdings in shares of MicroStrategy by 979.8% during the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 6,104 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of MicroStrategy by 782.8% during the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after purchasing an additional 3,773 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insider Activity at MicroStrategy

In other news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the sale, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 9.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on MSTR shares. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Benchmark restated a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Canaccord Genuity Group reduced their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Stock Up 3.9 %

MSTR opened at $337.73 on Friday. 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 company has a market capitalization of $80.94 billion, a PE ratio of -59.96 and a beta of 3.25. The stock’s fifty day moving average is $349.12 and its 200-day moving average is $261.78. MicroStrategy Incorporated has a one year low of $66.43 and a one year high of $543.00.

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

MicroStrategy 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.