GLOBALT Investments LLC GA Invests $445,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

GLOBALT Investments LLC GA purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,536 shares of the software maker’s stock, valued at approximately $445,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Riverview Trust Co acquired a new position in shares of MicroStrategy during the 4th quarter worth $25,000. IAG Wealth Partners LLC acquired a new position in shares of MicroStrategy during the 4th quarter worth $25,000. Sunbelt Securities Inc. raised its stake in shares of MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after buying an additional 144 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of MicroStrategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after buying an additional 76 shares during the last quarter. Finally, Aspect Partners LLC acquired a new position in shares of MicroStrategy during the 4th quarter worth $28,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Stock Down 1.1 %

MSTR opened at $294.27 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a market capitalization of $75.73 billion, a price-to-earnings ratio of -52.24 and a beta of 3.36. The business has a 50-day moving average of $319.90 and a two-hundred day moving average of $284.19. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Analysts Set New Price Targets

Several research analysts recently weighed in on MSTR shares. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Barclays cut their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Maxim Group boosted their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Finally, Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $536.90.

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.