Alberta Investment Management Corp increased its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 62.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,800 shares of the software maker’s stock after acquiring an additional 7,600 shares during the quarter. Alberta Investment Management Corp’s holdings in MicroStrategy were worth $2,338,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in MSTR. Strs Ohio raised its stake in MicroStrategy by 3.6% during the 4th quarter. Strs Ohio now owns 5,800 shares of the software maker’s stock worth $827,000 after acquiring an additional 200 shares in the last quarter. Virginia Retirement Systems ET AL grew its position in MicroStrategy by 100.0% during the 4th quarter. Virginia Retirement Systems ET AL now owns 4,400 shares of the software maker’s stock worth $628,000 after purchasing an additional 2,200 shares during the last quarter. Dupont Capital Management Corp purchased a new position in MicroStrategy during the 4th quarter worth $574,000. Russell Investments Group Ltd. grew its position in MicroStrategy by 11.9% during the 4th quarter. Russell Investments Group Ltd. now owns 335,547 shares of the software maker’s stock worth $47,850,000 after purchasing an additional 35,553 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in MicroStrategy during the 4th quarter worth $266,000. Hedge funds and other institutional investors own 70.97% of the company’s stock.
MSTR has been the topic of several research reports. Zacks Investment Research downgraded shares of MicroStrategy from a “hold” rating to a “sell” rating in a research report on Thursday, April 30th. TheStreet downgraded shares of MicroStrategy from a “b-” rating to a “c” rating in a research report on Thursday, April 9th. BidaskClub downgraded shares of MicroStrategy from a “hold” rating to a “sell” rating in a research report on Thursday, May 14th. Citigroup lowered their price objective on shares of MicroStrategy from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Finally, ValuEngine downgraded shares of MicroStrategy from a “buy” rating to a “hold” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $155.50.
MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Tuesday, April 28th. The software maker reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.12). The firm had revenue of $111.42 million during the quarter, compared to analysts’ expectations of $121.25 million. MicroStrategy had a net margin of 8.90% and a return on equity of 4.25%. On average, research analysts forecast that MicroStrategy Incorporated will post 2.52 EPS for the current year.
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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