MicroStrategy Incorporated (NASDAQ:MSTR) Stock Holdings Raised by Meeder Asset Management Inc.

Meeder Asset Management Inc. raised its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 41.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 843 shares of the software maker’s stock after acquiring an additional 245 shares during the period. Meeder Asset Management Inc.’s holdings in MicroStrategy were worth $125,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSTR. First Trust Advisors LP bought a new stake in shares of MicroStrategy in the 2nd quarter worth about $59,082,000. BlackRock Inc. increased its position in shares of MicroStrategy by 7.0% in the 2nd quarter. BlackRock Inc. now owns 1,347,405 shares of the software maker’s stock worth $193,097,000 after purchasing an additional 87,574 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of MicroStrategy by 3,819.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 69,250 shares of the software maker’s stock worth $9,925,000 after purchasing an additional 67,483 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of MicroStrategy by 22.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 188,839 shares of the software maker’s stock worth $27,046,000 after purchasing an additional 34,684 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of MicroStrategy by 487.8% in the 2nd quarter. SG Americas Securities LLC now owns 33,967 shares of the software maker’s stock worth $4,868,000 after purchasing an additional 28,188 shares during the last quarter. 76.51% of the stock is owned by institutional investors.

Shares of NASDAQ:MSTR opened at $144.60 on Friday. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.22. MicroStrategy Incorporated has a fifty-two week low of $115.50 and a fifty-two week high of $153.46. The firm has a 50-day simple moving average of $145.16 and a 200 day simple moving average of $139.58. The company has a market cap of $1.46 billion, a PE ratio of 648.18 and a beta of 0.64.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Tuesday, July 30th. The software maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.19). MicroStrategy had a net margin of 5.85% and a return on equity of 0.67%. The business had revenue of $117.74 million for the quarter, compared to the consensus estimate of $120.63 million. During the same period in the prior year, the company earned $0.13 EPS. MicroStrategy’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, research analysts forecast that MicroStrategy Incorporated will post 0.53 EPS for the current fiscal year.

In other MicroStrategy news, Director Leslie J. Rechan acquired 1,900 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price of $136.98 per share, with a total value of $260,262.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 26.88% of the stock is owned by corporate insiders.

Several equities research analysts have recently weighed in on MSTR shares. ValuEngine downgraded shares of MicroStrategy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub downgraded shares of MicroStrategy from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Finally, Zacks Investment Research raised shares of MicroStrategy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

MicroStrategy Profile

MicroStrategy Incorporated provides enterprise analytics and mobility software platforms worldwide. It offers MicroStrategy Consulting that provides customers with assessment, advisory, architecture, and deployment services to guide their customers in defining, developing, and delivering business analytics solutions for their enterprises across various industries; and MicroStrategy Education, which consists of classroom-based courses, instructor-led courses, recorded courses, self-paced e-learning modules, customer on-site training, and enterprise E-Courseware options for large organizations in various languages.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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