AQR Capital Management LLC raised its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 26.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 13,494 shares of the software maker’s stock after buying an additional 2,796 shares during the period. AQR Capital Management LLC owned approximately 0.12% of MicroStrategy worth $2,534,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of MicroStrategy during the first quarter worth about $120,000. Ameritas Investment Partners Inc. purchased a new stake in shares of MicroStrategy during the first quarter worth about $154,000. Creative Planning raised its stake in shares of MicroStrategy by 121.0% in the first quarter. Creative Planning now owns 884 shares of the software maker’s stock worth $166,000 after buying an additional 484 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of MicroStrategy by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 1,040 shares of the software maker’s stock worth $195,000 after buying an additional 20 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of MicroStrategy during the first quarter worth about $242,000. Hedge funds and other institutional investors own 78.54% of the company’s stock.
Shares of MicroStrategy Incorporated (NASDAQ:MSTR) opened at 191.56 on Thursday. The stock’s 50 day moving average price is $185.78 and its 200-day moving average price is $189.15. MicroStrategy Incorporated has a 52-week low of $161.90 and a 52-week high of $207.28. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 24.18 and a beta of 0.93.
MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, April 27th. The software maker reported $1.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.69 by $0.41. MicroStrategy had a net margin of 17.81% and a return on equity of 17.15%. The firm had revenue of $120.60 million for the quarter, compared to analyst estimates of $122.14 million. During the same quarter in the prior year, the firm earned $1.24 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that MicroStrategy Incorporated will post $7.28 earnings per share for the current fiscal year.
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A number of analysts have issued reports on MSTR shares. Zacks Investment Research raised MicroStrategy from a “sell” rating to a “hold” rating in a research report on Wednesday, April 5th. Benchmark Co. started coverage on MicroStrategy in a research report on Thursday, April 27th. They issued a “hold” rating on the stock. BidaskClub raised MicroStrategy from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, Mizuho reissued a “buy” rating and issued a $220.00 target price on shares of MicroStrategy in a research report on Sunday, April 23rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $217.67.
In other news, EVP Wei-Ming Shao sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $183.54, for a total transaction of $440,496.00. Following the sale, the executive vice president now owns 1,005 shares in the company, valued at $184,457.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.80% of the stock is owned by insiders.
MicroStrategy Incorporated is a provider of enterprise software platforms around the world. The Company is engaged in the design, development, marketing and sales of its software platform through licensing arrangements, and cloud-based subscriptions and related services. It focuses on providing enterprise customers with software platform and services for deploying intelligence applications.
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