MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. boosted its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 15.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,747 shares of the software maker’s stock after purchasing an additional 9,268 shares during the quarter. Royal London Asset Management Ltd.’s holdings in MicroStrategy were worth $19,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System raised its stake in MicroStrategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock valued at $2,604,000 after purchasing an additional 30 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in MicroStrategy by 3.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after purchasing an additional 35 shares during the last quarter. Versant Capital Management Inc raised its stake in MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after purchasing an additional 39 shares during the last quarter. WR Wealth Planners LLC raised its stake in MicroStrategy by 22.6% in the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker’s stock valued at $75,000 after purchasing an additional 48 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. grew its holdings in MicroStrategy by 0.9% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker’s stock valued at $1,558,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

MSTR has been the subject of several recent analyst reports. Maxim Group lifted their price target on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Cantor Fitzgerald lifted their price target on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. Benchmark restated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, TD Cowen lifted their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $536.90.

MicroStrategy Stock Up 0.6 %

Shares of NASDAQ:MSTR opened at $304.00 on Friday. 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 1 year low of $101.00 and a 1 year high of $543.00. The stock has a market capitalization of $78.24 billion, a P/E ratio of -53.97 and a beta of 3.36. The stock has a 50-day simple moving average of $317.11 and a 200-day simple moving average of $286.69.

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

MicroStrategy 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.