State of Tennessee Treasury Department lessened its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 9.8% in the 4th quarter, Holdings Channel reports. The firm owned 7,469 shares of the software maker’s stock after selling 813 shares during the quarter. State of Tennessee Treasury Department’s holdings in MicroStrategy were worth $981,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. acquired a new stake in shares of MicroStrategy in the 3rd quarter valued at $290,000. Victory Capital Management Inc. lifted its stake in shares of MicroStrategy by 8.2% in the 4th quarter. Victory Capital Management Inc. now owns 157,588 shares of the software maker’s stock valued at $20,691,000 after purchasing an additional 11,982 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of MicroStrategy in the 4th quarter valued at $263,000. California Public Employees Retirement System lifted its stake in shares of MicroStrategy by 5.5% in the 3rd quarter. California Public Employees Retirement System now owns 27,018 shares of the software maker’s stock valued at $3,450,000 after purchasing an additional 1,418 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of MicroStrategy by 93.5% in the 3rd quarter. SG Americas Securities LLC now owns 2,367 shares of the software maker’s stock valued at $302,000 after purchasing an additional 1,144 shares during the last quarter. 74.82% of the stock is owned by institutional investors and hedge funds.
MSTR has been the subject of several analyst reports. Mizuho reaffirmed a “buy” rating and issued a $200.00 price objective on shares of MicroStrategy in a research note on Wednesday, January 17th. BidaskClub raised shares of MicroStrategy from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 10th. Finally, Zacks Investment Research lowered shares of MicroStrategy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. MicroStrategy presently has an average rating of “Hold” and an average price target of $155.75.
MicroStrategy (NASDAQ:MSTR) last released its earnings results on Thursday, January 25th. The software maker reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.17. The firm had revenue of $138.10 million during the quarter, compared to analyst estimates of $132.91 million. MicroStrategy had a net margin of 3.50% and a return on equity of 10.43%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.69 EPS. equities research analysts anticipate that MicroStrategy Incorporated will post 2.18 earnings per share for the current 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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