MicroStrategy Incorporated (NASDAQ:MSTR) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System boosted its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,782 shares of the software maker's stock after acquiring an additional 2,263 shares during the period. California Public Employees Retirement System owned 0.16% of MicroStrategy worth $14,390,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc grew its stake in MicroStrategy by 90.0% during the 4th quarter. IFP Advisors Inc now owns 2,874 shares of the software maker's stock valued at $1,815,000 after acquiring an additional 1,361 shares in the last quarter. Strong Tower Advisory Services acquired a new position in MicroStrategy in the 4th quarter valued at about $6,566,000. International Assets Investment Management LLC acquired a new position in MicroStrategy in the 4th quarter valued at about $12,367,000. Vanguard Group Inc. boosted its holdings in MicroStrategy by 10.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker's stock valued at $369,965,000 after purchasing an additional 103,107 shares during the last quarter. Finally, RIA Advisory Group LLC acquired a new position in MicroStrategy in the 4th quarter valued at about $3,118,000. Hedge funds and other institutional investors own 72.03% of the company's stock.

Insider Buying and Selling

In related news, Chairman Michael J. Saylor sold 5,000 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $500.62, for a total transaction of $2,503,100.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other MicroStrategy news, CEO Phong Le sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total value of $8,612,400.00. Following the sale, the chief executive officer now directly owns 595 shares of the company's stock, valued at approximately $512,437.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $500.62, for a total transaction of $2,503,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 107,452 shares of company stock valued at $117,637,097 in the last ninety days. Company insiders own 13.18% of the company's stock.

MicroStrategy Trading Down 3.5 %

Shares of MSTR stock traded down $36.76 during trading hours on Wednesday, hitting $1,028.27. The company had a trading volume of 1,906,186 shares, compared to its average volume of 2,128,267. The company's fifty day moving average is $1,370.28 and its 200 day moving average is $825.64. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83. MicroStrategy Incorporated has a fifty-two week low of $266.00 and a fifty-two week high of $1,999.99. The stock has a market capitalization of $17.45 billion, a PE ratio of -151.53 and a beta of 2.89.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 10.22%. The firm had revenue of $124.48 million for the quarter, compared to analyst estimates of $134.90 million.

Wall Street Analyst Weigh In

Several research firms have weighed in on MSTR. TD Cowen decreased their target price on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an "outperform" rating on the stock in a report on Wednesday, March 20th. Benchmark reiterated a "buy" rating and issued a $1,875.00 target price on shares of MicroStrategy in a report on Thursday, April 25th. BTIG Research boosted their target price on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a "buy" rating in a report on Friday, April 5th. StockNews.com upgraded shares of MicroStrategy to a "sell" rating in a report on Monday, March 18th. Finally, Canaccord Genuity Group decreased their price objective on shares of MicroStrategy from $1,810.00 to $1,590.00 and set a "buy" rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,678.75.

MicroStrategy Profile

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.