Nationwide Fund Advisors lifted its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,346 shares of the software maker’s stock after purchasing an additional 426 shares during the quarter. Nationwide Fund Advisors owned 0.15% of MicroStrategy worth $3,325,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of MSTR. First Trust Advisors LP purchased a new position in shares of MicroStrategy in the first quarter valued at $617,000. Karp Capital Management Corp purchased a new position in shares of MicroStrategy in the first quarter valued at $779,000. Ameritas Investment Partners Inc. purchased a new position in shares of MicroStrategy in the first quarter valued at $154,000. Mason Street Advisors LLC grew its holdings in shares of MicroStrategy by 7.1% in the first quarter. Mason Street Advisors LLC now owns 2,198 shares of the software maker’s stock valued at $413,000 after purchasing an additional 145 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of MicroStrategy by 11.3% in the first quarter. Prudential Financial Inc. now owns 42,800 shares of the software maker’s stock valued at $8,038,000 after purchasing an additional 4,350 shares in the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the stock. BidaskClub raised shares of MicroStrategy from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Deutsche Bank AG lowered shares of MicroStrategy from a “buy” rating to a “hold” rating and cut their target price for the company from $220.00 to $180.00 in a report on Friday, July 28th. First Analysis lowered shares of MicroStrategy from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $225.00 to $140.00 in a report on Monday, July 31st. Zacks Investment Research lowered shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, TheStreet lowered shares of MicroStrategy from a “b” rating to a “c+” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. MicroStrategy has an average rating of “Hold” and an average price target of $160.75.
Shares of MicroStrategy Incorporated (NASDAQ:MSTR) opened at 132.35 on Wednesday. The company has a 50-day moving average price of $127.78 and a 200-day moving average price of $164.59. The company has a market capitalization of $1.51 billion, a P/E ratio of 18.28 and a beta of 0.84. MicroStrategy Incorporated has a 12 month low of $122.90 and a 12 month high of $207.28.
MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, July 27th. The software maker reported $0.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by ($0.64). MicroStrategy had a return on equity of 14.99% and a net margin of 16.37%. The firm had revenue of $120.61 million for the quarter, compared to analysts’ expectations of $125.18 million. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, analysts forecast that MicroStrategy Incorporated will post $4.33 EPS for the current fiscal year.
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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