QRG Capital Management Inc. Grows Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

QRG Capital Management Inc. grew its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 119.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,829 shares of the software maker's stock after purchasing an additional 2,081 shares during the period. QRG Capital Management Inc.'s holdings in MicroStrategy were worth $1,109,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in MicroStrategy by 990.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock worth $465,573,000 after purchasing an additional 2,512,645 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of MicroStrategy by 971.3% in 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 buying an additional 579,994 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in MicroStrategy by 587.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock valued at $111,994,000 after buying an additional 567,628 shares during the period. Swiss National Bank grew its position in MicroStrategy by 904.7% during the third quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock worth $78,939,000 after buying an additional 421,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in MicroStrategy by 1,077.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker's stock worth $57,857,000 after acquiring an additional 314,007 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective on the stock. Maxim Group lifted their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Sanford C. Bernstein reissued an "outperform" rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Benchmark reaffirmed a "buy" rating and set a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Finally, Cantor Fitzgerald raised their price objective on MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $536.90.

MicroStrategy Trading Down 5.6 %

Shares of MSTR stock traded down $16.93 during trading hours on Friday, reaching $287.18. The company's stock had a trading volume of 22,594,034 shares, compared to its average volume of 18,899,395. The firm's fifty day simple moving average is $326.42 and its 200 day simple moving average is $275.67. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The stock has a market capitalization of $73.91 billion, a P/E ratio of -50.98 and a beta of 3.25. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data 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%.

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.