Berkeley Capital Partners LLC Has $387,000 Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Berkeley Capital Partners LLC reduced its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,337 shares of the software maker’s stock after selling 393 shares during the quarter. Berkeley Capital Partners LLC’s holdings in MicroStrategy were worth $387,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MSTR. GSA Capital Partners LLP acquired a new position in MicroStrategy during the 3rd quarter valued at $261,000. Victory Capital Management Inc. raised its stake in MicroStrategy by 894.7% during the 3rd quarter. Victory Capital Management Inc. now owns 57,830 shares of the software maker’s stock valued at $9,750,000 after purchasing an additional 52,016 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in MicroStrategy during the 3rd quarter valued at $238,000. CIBC Asset Management Inc raised its stake in MicroStrategy by 935.8% during the 3rd quarter. CIBC Asset Management Inc now owns 4,340 shares of the software maker’s stock valued at $732,000 after purchasing an additional 3,921 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in MicroStrategy in the 3rd quarter valued at $440,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MSTR has been the topic of several analyst reports. Benchmark reissued a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target on the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Monness Crespi & Hardt initiated coverage on shares of MicroStrategy in a report on Wednesday. They issued a “neutral” rating on the stock. Finally, BTIG Research boosted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $536.90.

MicroStrategy Stock Down 0.7 %

MSTR opened at $302.07 on Friday. The firm’s 50-day simple moving average is $317.59 and its 200-day simple moving average is $285.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The firm has a market cap of $77.74 billion, a price-to-earnings ratio of -53.63 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (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.