Mitsubishi UFJ Trust & Banking Corp Acquires 9,809 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Mitsubishi UFJ Trust & Banking Corp raised its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 13.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,233 shares of the software maker’s stock after buying an additional 9,809 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in MicroStrategy were worth $23,527,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in shares of 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 buying an additional 2,512,645 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in MicroStrategy by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock valued at $220,626,000 after acquiring an additional 97,515 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in MicroStrategy by 971.3% during the third 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 acquiring an additional 579,994 shares during the last quarter. Amundi boosted its holdings in shares of MicroStrategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after acquiring an additional 413,028 shares during the period. Finally, Swiss National Bank grew its position in shares of MicroStrategy by 10.4% in the fourth quarter. Swiss National Bank now owns 517,000 shares of the software maker’s stock valued at $149,734,000 after purchasing an additional 48,800 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MicroStrategy

In other MicroStrategy news, Director Leslie J. Rechan sold 15,000 shares of MicroStrategy stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the transaction, the director now owns 4,970 shares in the company, valued at $1,669,423. The trade was a 75.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Andrew Kang sold 2,185 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.26, for a total transaction of $719,433.10. Following the completion of the transaction, the chief financial officer now directly owns 15,215 shares of the company’s stock, valued at $5,009,690.90. This trade represents a 12.56 % decrease in their position. The disclosure for this sale 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. 9.16% of the stock is owned by insiders.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR opened at $324.59 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $83.53 billion, a PE ratio of -57.62 and a beta of 3.36. The firm has a 50 day moving average of $315.78 and a 200-day moving average of $292.60. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MSTR shares. Benchmark reissued a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Monness Crespi & Hardt started coverage on MicroStrategy in a report on Wednesday, March 19th. They set a “neutral” rating for the company. Mizuho began coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group cut their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $536.90.

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.