MicroStrategy Incorporated (MSTR) Position Raised by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 46.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,779 shares of the software maker’s stock after purchasing an additional 1,844 shares during the quarter. SG Americas Securities LLC’s holdings in MicroStrategy were worth $834,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MSTR. Norges Bank bought a new stake in shares of MicroStrategy during the fourth quarter valued at about $27,952,000. Victory Capital Management Inc. raised its stake in shares of MicroStrategy by 33.2% during the fourth quarter. Victory Capital Management Inc. now owns 409,724 shares of the software maker’s stock valued at $52,342,000 after purchasing an additional 102,125 shares in the last quarter. Morgan Stanley raised its stake in shares of MicroStrategy by 181.2% during the third quarter. Morgan Stanley now owns 153,467 shares of the software maker’s stock valued at $21,580,000 after purchasing an additional 98,886 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of MicroStrategy by 16.3% during the third quarter. JPMorgan Chase & Co. now owns 558,587 shares of the software maker’s stock valued at $78,549,000 after purchasing an additional 78,253 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of MicroStrategy by 751.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 55,998 shares of the software maker’s stock valued at $7,154,000 after purchasing an additional 49,424 shares in the last quarter. Institutional investors and hedge funds own 76.21% of the company’s stock.

Shares of MicroStrategy stock opened at $136.84 on Friday. MicroStrategy Incorporated has a 52 week low of $115.50 and a 52 week high of $152.38. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 80.49 and a beta of 0.56.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Tuesday, April 30th. The software maker reported ($0.77) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.98). MicroStrategy had a return on equity of 1.73% and a net margin of 2.64%. The business had revenue of $115.40 million during the quarter, compared to the consensus estimate of $123.46 million. During the same quarter last year, the firm posted $0.15 earnings per share. MicroStrategy’s revenue was down 6.2% compared to the same quarter last year. On average, equities analysts anticipate that MicroStrategy Incorporated will post 0.94 EPS for the current year.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of MicroStrategy from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a research note on Tuesday, April 16th. ValuEngine upgraded shares of MicroStrategy from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. BWS Financial assumed coverage on shares of MicroStrategy in a research note on Monday, February 11th. They set a “buy” rating and a $200.00 price objective on the stock. Finally, BidaskClub upgraded shares of MicroStrategy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 16th.

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MicroStrategy Profile

MicroStrategy Incorporated provides enterprise analytics and mobility software platforms worldwide. It offers MicroStrategy Consulting that provides customers with assessment, advisory, architecture, and deployment services to guide their customers in defining, developing, and delivering business analytics solutions for their enterprises across various industries; and MicroStrategy Education, which consists of classroom-based courses, instructor-led courses, recorded courses, self-paced e-learning modules, customer on-site training, and enterprise E-Courseware options for large organizations in various languages.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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