Arizona State Retirement System raised its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 223.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,819 shares of the software maker’s stock after purchasing an additional 10,932 shares during the period. Arizona State Retirement System owned approximately 0.14% of MicroStrategy worth $2,077,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Quantitative Systematic Strategies LLC bought a new stake in MicroStrategy during the fourth quarter valued at about $263,000. Crossmark Global Holdings Inc. bought a new stake in shares of MicroStrategy in the third quarter worth about $290,000. SG Americas Securities LLC increased its holdings in shares of MicroStrategy by 93.5% in the third quarter. SG Americas Securities LLC now owns 2,367 shares of the software maker’s stock worth $302,000 after purchasing an additional 1,144 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of MicroStrategy in the fourth quarter worth about $427,000. Finally, Municipal Employees Retirement System of Michigan increased its holdings in shares of MicroStrategy by 59.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,530 shares of the software maker’s stock worth $451,000 after purchasing an additional 1,310 shares during the last quarter. Institutional investors and hedge funds own 74.82% of the company’s stock.
Shares of MSTR stock traded down $3.45 during trading hours on Monday, reaching $125.54. 115,291 shares of the company’s stock were exchanged, compared to its average volume of 92,976. The company has a market cap of $1,479.00, a PE ratio of 23.51 and a beta of 0.68. MicroStrategy Incorporated has a fifty-two week low of $122.16 and a fifty-two week high of $196.35.
MicroStrategy (NASDAQ:MSTR) last released its earnings results on Thursday, January 25th. The software maker reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.17. MicroStrategy had a return on equity of 10.43% and a net margin of 3.50%. The firm had revenue of $138.10 million for the quarter, compared to the consensus estimate of $132.91 million. During the same period in the prior year, the firm earned $2.69 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. sell-side analysts forecast that MicroStrategy Incorporated will post 2.18 earnings per share for the current year.
MSTR has been the topic of several analyst reports. Zacks Investment Research raised MicroStrategy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. BidaskClub lowered MicroStrategy from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Finally, Mizuho reiterated a “buy” rating and issued a $200.00 price target on shares of MicroStrategy in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $153.40.
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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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