Good Life Advisors LLC Invests $823,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

Good Life Advisors LLC purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,841 shares of the software maker’s stock, valued at approximately $823,000.

Several other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after acquiring an additional 2,512,645 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of MicroStrategy by 587.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock worth $111,994,000 after buying an additional 567,628 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of MicroStrategy by 971.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock worth $107,855,000 after buying an additional 579,994 shares during the last quarter. Swiss National Bank raised its position in shares of MicroStrategy by 904.7% during the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after buying an additional 421,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of MicroStrategy by 21.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 415,098 shares of the software maker’s stock valued at $120,221,000 after acquiring an additional 71,934 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MSTR. Maxim Group boosted their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Compass Point raised MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. Mizuho began coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective on the stock. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Price Performance

Shares of MSTR stock opened at $318.67 on Thursday. The company’s 50-day simple moving average is $345.85 and its two-hundred day simple moving average is $265.51. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. MicroStrategy Incorporated has a one year low of $66.43 and a one year high of $543.00. The company has a market capitalization of $76.37 billion, a P/E ratio of -56.57 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.