Sumitomo Mitsui Trust Group Inc. Boosts Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Sumitomo Mitsui Trust Group Inc. grew its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 27.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 528,850 shares of the software maker's stock after purchasing an additional 113,752 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of MicroStrategy worth $152,452,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of MicroStrategy in the 4th quarter valued at about $523,981,000. Amundi increased its position in shares of MicroStrategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after purchasing an additional 413,028 shares during the last quarter. First Trust Advisors LP raised its stake in MicroStrategy by 266.1% in the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock valued at $120,938,000 after purchasing an additional 303,517 shares in the last quarter. Geode Capital Management LLC raised its stake in MicroStrategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock valued at $881,470,000 after purchasing an additional 281,342 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in MicroStrategy by 42,473.7% during the first quarter. GAMMA Investing LLC now owns 239,264 shares of the software maker's stock valued at $68,973,000 after purchasing an additional 238,702 shares during the last quarter. Institutional investors own 59.84% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MSTR shares. Cantor Fitzgerald restated a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. BTIG Research reaffirmed a "buy" rating on shares of MicroStrategy in a research note on Wednesday, May 14th. Canaccord Genuity Group reiterated a "buy" rating on shares of MicroStrategy in a research report on Monday, May 19th. HC Wainwright started coverage on MicroStrategy in a research report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 target price for the company. Finally, UBS Group reiterated a "buy" rating on shares of MicroStrategy in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $514.42.

MicroStrategy Trading Up 5.3%

NASDAQ:MSTR traded up $20.35 during trading hours on Monday, hitting $404.23. The company had a trading volume of 13,701,922 shares, compared to its average volume of 17,904,466. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a 50-day moving average price of $381.87 and a 200 day moving average price of $340.76. The company has a market capitalization of $110.52 billion, a PE ratio of -18.53 and a beta of 3.74. MicroStrategy Incorporated has a 52 week low of $102.40 and a 52 week high of $543.00.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). The business had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. MicroStrategy had a negative net margin of 1,160.72% and a negative return on equity of 37.64%. The business's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.83) EPS.

Insider Buying and Selling at MicroStrategy

In related news, Director Carl J. Rickertsen sold 26,390 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $372.40, for a total value of $9,827,636.00. Following the sale, the director owned 980 shares in the company, valued at $364,952. This represents a 96.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jarrod M. Patten acquired 10,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were bought at an average price of $101.38 per share, with a total value of $1,013,800.00. Following the purchase, the director directly owned 10,000 shares of the company's stock, valued at $1,013,800. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 25,277 shares of company stock valued at $2,312,345 and have sold 70,621 shares valued at $25,935,717. Company insiders own 8.46% of the company's stock.

MicroStrategy Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.