Mason Street Advisors LLC bought a new position in MicroStrategy Inc. (NASDAQ:MSTR) during the second quarter, Holdings Channel reports. The institutional investor bought 1,836 shares of the company’s stock, valued at approximately $321,000.
A number of other hedge funds have also bought and sold shares of the company. ProShare Advisors LLC boosted its position in MicroStrategy by 1.4% in the second quarter. ProShare Advisors LLC now owns 1,370 shares of the company’s stock worth $240,000 after buying an additional 19 shares in the last quarter. American International Group Inc. boosted its position in MicroStrategy by 0.5% in the second quarter. American International Group Inc. now owns 7,051 shares of the company’s stock worth $1,234,000 after buying an additional 34 shares in the last quarter. Profund Advisors LLC boosted its position in MicroStrategy by 2.9% in the second quarter. Profund Advisors LLC now owns 1,571 shares of the company’s stock worth $275,000 after buying an additional 45 shares in the last quarter. PineBridge Investments L.P. boosted its position in MicroStrategy by 4.0% in the second quarter. PineBridge Investments L.P. now owns 1,191 shares of the company’s stock worth $209,000 after buying an additional 46 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its position in MicroStrategy by 5.7% in the second quarter. Suntrust Banks Inc. now owns 1,512 shares of the company’s stock worth $264,000 after buying an additional 81 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.
MicroStrategy Inc. (NASDAQ:MSTR) opened at 172.98 on Friday. The stock has a market capitalization of $1.98 billion, a PE ratio of 20.79 and a beta of 1.36. MicroStrategy Inc. has a 1-year low of $141.01 and a 1-year high of $209.77. The stock’s 50 day moving average price is $168.72 and its 200 day moving average price is $177.69.
MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.64 EPS for the quarter, missing the Zacks’ consensus estimate of $2.10 by $0.46. MicroStrategy had a return on equity of 21.12% and a net margin of 18.66%. The business had revenue of $123.14 million for the quarter, compared to analyst estimates of $128 million. During the same quarter in the previous year, the business posted $1.95 earnings per share. The company’s revenue was down 7.4% compared to the same quarter last year. Equities research analysts forecast that MicroStrategy Inc. will post $7.17 earnings per share for the current year.
A number of equities analysts have weighed in on the company. JMP Securities cut MicroStrategy from an “outperform” rating to a “market perform” rating in a report on Friday, July 29th. Zacks Investment Research cut MicroStrategy from a “hold” rating to a “sell” rating in a report on Friday, July 15th. Brean Capital restated a “hold” rating on shares of MicroStrategy in a report on Friday, June 24th. Mizuho decreased their price target on MicroStrategy from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, July 29th. Finally, Citigroup Inc. reduced their target price on MicroStrategy from $228.00 to $209.00 and set a “buy” rating for the company in a research note on Friday, July 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. MicroStrategy has a consensus rating of “Hold” and a consensus target price of $207.83.
MicroStrategy Company Profile
MicroStrategy Incorporated (MicroStrategy) is a provider of enterprise software platforms. The Company is engaged in providing enterprise analytics, mobile and security platforms. The Company’s MicroStrategy 10 consolidates analytics, mobility and security in a single integrated platform, available both as on-premises software and as a hosted service offering in MicroStrategy Secure Cloud.
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