Amundi grew its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 262.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 570,217 shares of the software maker's stock after buying an additional 413,028 shares during the period. Amundi owned 0.24% of MicroStrategy worth $165,146,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Lifeworks Advisors LLC boosted its position in shares of MicroStrategy by 225.4% during the 4th quarter. Lifeworks Advisors LLC now owns 4,347 shares of the software maker's stock valued at $1,259,000 after purchasing an additional 3,011 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of MicroStrategy by 41.0% during the 4th quarter. Larson Financial Group LLC now owns 2,458 shares of the software maker's stock valued at $712,000 after purchasing an additional 715 shares in the last quarter. AMF Tjanstepension AB bought a new stake in shares of MicroStrategy during the 4th quarter valued at about $3,994,000. PNC Financial Services Group Inc. boosted its position in shares of MicroStrategy by 74.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,505 shares of the software maker's stock valued at $1,594,000 after purchasing an additional 2,356 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. boosted its position in shares of MicroStrategy by 2.5% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 2,050 shares of the software maker's stock valued at $594,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 59.84% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on MSTR shares. Barclays cut their target price on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Benchmark reiterated a "buy" rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Keefe, Bruyette & Woods started coverage on MicroStrategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target on the stock. Maxim Group increased their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Finally, Cantor Fitzgerald increased their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. One 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 stock. According to data from MarketBeat, MicroStrategy presently has a consensus rating of "Moderate Buy" and an average price target of $536.90.
Get Our Latest Stock Analysis on MSTR
MicroStrategy Stock Up 0.3 %
Shares of NASDAQ:MSTR traded up $0.71 during mid-day trading on Thursday, hitting $263.26. 13,715,913 shares of the company traded hands, compared to its average volume of 18,684,359. The stock has a 50-day moving average price of $323.17 and a two-hundred day moving average price of $280.08. The stock has a market cap of $67.75 billion, a P/E ratio of -46.74 and a beta of 3.36. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. 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 issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.
About MicroStrategy
(
Free Report)
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.
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