Candriam S.C.A. Purchases 3,573 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Candriam S.C.A. boosted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 42.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,065 shares of the software maker’s stock after purchasing an additional 3,573 shares during the period. Candriam S.C.A.’s holdings in MicroStrategy were worth $3,494,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after purchasing an additional 2,512,645 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in MicroStrategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock worth $220,626,000 after purchasing an additional 97,515 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in MicroStrategy by 971.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock worth $107,855,000 after purchasing an additional 579,994 shares in the last quarter. Swiss National Bank increased its holdings in MicroStrategy by 904.7% during the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock worth $78,939,000 after purchasing an additional 421,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in MicroStrategy by 21.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 415,098 shares of the software maker’s stock worth $120,221,000 after purchasing an additional 71,934 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Mizuho assumed coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. Cantor Fitzgerald lifted their target price on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price on the stock. Maxim Group lifted their target price on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Compass Point raised MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. One 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 company’s stock. Based on data from MarketBeat, MicroStrategy has a consensus rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Trading Down 5.6 %

MicroStrategy stock opened at $287.18 on Friday. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week 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 stock has a market capitalization of $73.91 billion, a P/E ratio of -50.98 and a beta of 3.36. The stock has a 50-day simple moving average of $325.57 and a 200 day simple moving average of $277.72.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) 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%.

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.