Mitsubishi UFJ Asset Management Co. Ltd. Purchases 42,769 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 41.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,989 shares of the software maker’s stock after buying an additional 42,769 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.06% of MicroStrategy worth $42,281,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MSTR. Geode Capital Management LLC grew its stake in shares of MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after buying an additional 2,512,645 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 valued at $107,855,000 after acquiring an additional 579,994 shares during the period. Amundi grew its position in MicroStrategy by 262.8% during the 4th 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 last quarter. Proficio Capital Partners LLC purchased a new position in MicroStrategy in the 4th quarter worth approximately $81,783,000. Finally, Virtu Financial LLC lifted its position in MicroStrategy by 10,398.4% in the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after purchasing an additional 222,109 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MSTR shares. Maxim Group raised their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Canaccord Genuity Group cut their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Mizuho assumed coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective for the company. Monness Crespi & Hardt began coverage on MicroStrategy in a research note on Wednesday, March 19th. They issued a “neutral” rating on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, MicroStrategy has a consensus rating of “Buy” and a consensus price target of $536.90.

Insider Activity

In other MicroStrategy news, Director Leslie J. Rechan sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the transaction, the director now owns 4,970 shares of the company’s stock, valued at approximately $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew Kang purchased 1,500 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the transaction, the chief financial officer now owns 1,500 shares in the company, valued at approximately $127,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 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

MicroStrategy stock opened at $289.41 on Friday. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00. The stock’s 50 day simple moving average is $313.64 and its two-hundred day simple moving average is $294.89. 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 $74.48 billion, a price-to-earnings ratio of -51.38 and a beta of 3.36.

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

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.