Aviva PLC Raises Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Aviva PLC lifted its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 51.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,953 shares of the software maker’s stock after acquiring an additional 32,171 shares during the period. Aviva PLC’s holdings in MicroStrategy were worth $27,500,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MSTR. The Manufacturers Life Insurance Company increased its stake in MicroStrategy by 204.5% in the third quarter. The Manufacturers Life Insurance Company now owns 8,279 shares of the software maker’s stock valued at $1,396,000 after purchasing an additional 5,560 shares during the period. MetLife Investment Management LLC increased its position in MicroStrategy by 876.1% in the 3rd quarter. MetLife Investment Management LLC now owns 3,192 shares of the software maker’s stock valued at $538,000 after acquiring an additional 2,865 shares during the period. Captrust Financial Advisors raised its stake in MicroStrategy by 1,038.7% during the 3rd quarter. Captrust Financial Advisors now owns 4,771 shares of the software maker’s stock valued at $804,000 after acquiring an additional 4,352 shares during the last quarter. Garden State Investment Advisory Services LLC lifted its position in MicroStrategy by 1,005.0% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 2,630 shares of the software maker’s stock worth $443,000 after acquiring an additional 2,392 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of MicroStrategy by 1,362.5% in the 3rd quarter. Janus Henderson Group PLC now owns 11,700 shares of the software maker’s stock valued at $1,973,000 after purchasing an additional 10,900 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MSTR shares. Keefe, Bruyette & Woods started coverage on MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Monness Crespi & Hardt lowered shares of MicroStrategy from a “neutral” rating to a “sell” rating and set a $220.00 price target on the stock. in a research note on Tuesday, April 1st. Barclays reduced their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Finally, Benchmark reiterated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus price target of $508.09.

Insider Activity

In related news, EVP Wei-Ming Shao bought 500 shares of the stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the acquisition, the executive vice president now owns 500 shares in the company, valued at $42,500. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Andrew Kang purchased 1,500 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, with a total value of $127,500.00. Following the transaction, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at $127,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Company insiders own 9.16% of the company’s stock.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $293.61 on Monday. The stock has a fifty day moving average price of $305.50 and a 200 day moving average price of $301.77. 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 stock has a market cap of $75.56 billion, a PE ratio of -52.12 and a beta of 3.36. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results 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 return on equity of 19.01% and a negative net margin of 251.73%.

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.