California Public Employees Retirement System lowered its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 12.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 23,700 shares of the software maker’s stock after selling 3,300 shares during the period. California Public Employees Retirement System owned approximately 0.21% of MicroStrategy worth $4,451,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of MSTR. Norges Bank purchased a new stake in MicroStrategy during the fourth quarter worth $19,456,000. Renaissance Technologies LLC boosted its stake in MicroStrategy by 154.2% in the fourth quarter. Renaissance Technologies LLC now owns 51,100 shares of the software maker’s stock worth $10,087,000 after buying an additional 31,000 shares during the period. Teachers Advisors LLC boosted its stake in MicroStrategy by 5.4% in the fourth quarter. Teachers Advisors LLC now owns 332,030 shares of the software maker’s stock worth $65,543,000 after buying an additional 16,934 shares during the period. State Street Corp boosted its stake in MicroStrategy by 7.5% in the fourth quarter. State Street Corp now owns 212,853 shares of the software maker’s stock worth $42,018,000 after buying an additional 14,804 shares during the period. Finally, American Century Companies Inc. boosted its stake in MicroStrategy by 35.1% in the first quarter. American Century Companies Inc. now owns 40,466 shares of the software maker’s stock worth $7,600,000 after buying an additional 10,523 shares during the period. Institutional investors own 78.41% of the company’s stock.
Shares of MicroStrategy Incorporated (NASDAQ MSTR) traded down 0.48% during midday trading on Tuesday, reaching $131.49. 124,983 shares of the company’s stock traded hands. The stock’s 50 day moving average is $178.00 and its 200-day moving average is $186.45. The company has a market capitalization of $1.51 billion, a PE ratio of 18.16 and a beta of 0.87. MicroStrategy Incorporated has a 52 week low of $130.67 and a 52 week high of $207.28.
MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, July 27th. The software maker reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by $0.64. The company had revenue of $120.61 million for the quarter, compared to the consensus estimate of $125.18 million. MicroStrategy had a return on equity of 14.99% and a net margin of 16.37%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.64 EPS. On average, analysts forecast that MicroStrategy Incorporated will post $4.42 earnings per share for the current fiscal year.
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A number of research firms have issued reports on MSTR. Zacks Investment Research raised shares of MicroStrategy from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 1st. Benchmark Co. began coverage on shares of MicroStrategy in a research report on Thursday, April 27th. They set a “hold” rating for the company. Deutsche Bank AG lowered shares of MicroStrategy from a “buy” rating to a “hold” rating and reduced their price target for the stock from $220.00 to $180.00 in a research report on Friday, July 28th. BidaskClub raised shares of MicroStrategy from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Finally, First Analysis lowered shares of MicroStrategy from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $225.00 to $140.00 in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $191.00.
In other news, EVP Wei-Ming Shao sold 2,400 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $183.54, for a total transaction of $440,496.00. Following the completion of the sale, the executive vice president now owns 1,005 shares in the company, valued at approximately $184,457.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 21.80% of the company’s stock.
MicroStrategy Company Profile
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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