QRG Capital Management Inc. Purchases 2,081 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

QRG Capital Management Inc. grew its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 119.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,829 shares of the software maker’s stock after buying an additional 2,081 shares during the period. QRG Capital Management Inc.’s holdings in MicroStrategy were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MSTR. Capital Performance Advisors LLP acquired a new position in shares of MicroStrategy in the third quarter valued at $27,000. Sunbelt Securities Inc. raised its stake in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after buying an additional 144 shares in the last quarter. Aspect Partners LLC bought a new position in shares of MicroStrategy during the 4th quarter worth about $28,000. Private Wealth Management Group LLC boosted its position in shares of MicroStrategy by 208.8% during the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after acquiring an additional 71 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in MicroStrategy in the third quarter valued at about $32,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Maxim Group raised their target price on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Barclays lowered their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. BTIG Research lifted their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Cantor Fitzgerald upped their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. One equities 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Stock Performance

MicroStrategy stock opened at $250.92 on Tuesday. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The stock has a 50-day simple moving average of $329.82 and a 200 day simple moving average of $274.23. 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 stock has a market capitalization of $64.57 billion, a price-to-earnings ratio of -44.54 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last announced its 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%.

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.