Vanguard Group Inc. increased its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 4.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 834,165 shares of the software maker’s stock after buying an additional 36,576 shares during the period. Vanguard Group Inc. owned approximately 7.29% of MicroStrategy worth $156,657,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. American Century Companies Inc. boosted its stake in shares of MicroStrategy by 35.1% in the first quarter. American Century Companies Inc. now owns 40,466 shares of the software maker’s stock valued at $7,600,000 after buying an additional 10,523 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of MicroStrategy during the first quarter valued at $617,000. Great West Life Assurance Co. Can boosted its stake in shares of MicroStrategy by 6.6% in the first quarter. Great West Life Assurance Co. Can now owns 13,423 shares of the software maker’s stock valued at $2,516,000 after buying an additional 828 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of MicroStrategy by 3.5% in the first quarter. Wells Fargo & Company MN now owns 43,190 shares of the software maker’s stock valued at $8,111,000 after buying an additional 1,478 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of MicroStrategy by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 1,040 shares of the software maker’s stock valued at $195,000 after buying an additional 20 shares in the last quarter. Institutional investors own 77.81% of the company’s stock.
Shares of MicroStrategy Incorporated (NASDAQ:MSTR) traded down 0.18% on Tuesday, hitting $128.69. The stock had a trading volume of 194,300 shares. The company has a 50-day moving average of $168.79 and a 200-day moving average of $183.09. MicroStrategy Incorporated has a 52-week low of $126.07 and a 52-week high of $207.28. The company has a market cap of $1.47 billion, a P/E ratio of 17.77 and a beta of 0.87.
MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Thursday, July 27th. The software maker reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by $0.64. The firm had revenue of $120.61 million during the quarter, compared to analysts’ expectations of $125.18 million. MicroStrategy had a net margin of 16.37% and a return on equity of 14.99%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 EPS. On average, equities analysts anticipate that MicroStrategy Incorporated will post $4.42 EPS for the current fiscal year.
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A number of research firms have commented on MSTR. Benchmark Co. began coverage on MicroStrategy in a research report on Thursday, April 27th. They set a “hold” rating for the company. BidaskClub raised MicroStrategy from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research raised MicroStrategy from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 1st. Deutsche Bank AG lowered MicroStrategy from a “buy” rating to a “hold” rating and lowered their price target for the company from $220.00 to $180.00 in a research report on Friday, July 28th. Finally, Mizuho reaffirmed a “buy” rating and set a $220.00 price target on shares of MicroStrategy in a research report on Sunday, April 23rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. MicroStrategy presently has an average rating of “Hold” and a consensus target price of $191.00.
In related news, EVP Wei-Ming Shao sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $183.54, for a total value of $440,496.00. Following the completion of the sale, the executive vice president now owns 1,005 shares in the company, valued at $184,457.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.80% of the stock is currently owned by insiders.
About MicroStrategy
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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