Shell Asset Management Co. held its stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,897 shares of the software maker’s stock at the end of the second quarter. Shell Asset Management Co. owned approximately 0.05% of MicroStrategy worth $939,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Guggenheim Capital LLC bought a new stake in MicroStrategy during the fourth quarter valued at $520,000. Norges Bank acquired a new stake in MicroStrategy during the fourth quarter worth about $19,456,000. Creative Planning raised its stake in MicroStrategy by 121.0% in the first quarter. Creative Planning now owns 884 shares of the software maker’s stock worth $166,000 after buying an additional 484 shares during the last quarter. State of Alaska Department of Revenue raised its stake in 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 worth $195,000 after buying an additional 20 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in MicroStrategy by 3.5% in the first quarter. Wells Fargo & Company MN now owns 43,190 shares of the software maker’s stock worth $8,111,000 after buying an additional 1,478 shares during the last quarter. 77.81% of the stock is owned by institutional investors and hedge funds.
MicroStrategy Incorporated (MSTR) traded down 1.20% during midday trading on Friday, reaching $125.93. The company’s stock had a trading volume of 183,883 shares. MicroStrategy Incorporated has a 52 week low of $125.15 and a 52 week high of $207.28. The firm has a market cap of $1.44 billion, a P/E ratio of 17.39 and a beta of 0.87. The firm has a 50 day moving average price of $162.02 and a 200-day moving average price of $181.27.
MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, July 27th. The software maker reported $0.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by $0.64. The business had revenue of $120.61 million during the quarter, compared to the consensus estimate of $125.18 million. MicroStrategy had a return on equity of 14.99% and a net margin of 16.37%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.64 earnings per share. On average, analysts forecast that MicroStrategy Incorporated will post $4.42 earnings per share for the current fiscal year.
MSTR has been the subject of several recent research reports. Mizuho reiterated a “buy” rating and set a $220.00 price objective on shares of MicroStrategy in a report on Sunday, April 23rd. Benchmark Co. initiated coverage on MicroStrategy in a report on Thursday, April 27th. They set a “hold” rating on the stock. Zacks Investment Research lowered MicroStrategy from a “hold” rating to a “strong sell” rating in a report on Thursday, May 4th. BidaskClub upgraded MicroStrategy from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Deutsche Bank AG downgraded 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $191.00.
In related news, EVP Wei-Ming Shao sold 2,400 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $183.54, for a total value of $440,496.00. Following the completion of the transaction, the executive vice president now directly owns 1,005 shares in the company, valued at approximately $184,457.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 21.80% of the stock is owned by company insiders.
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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