Alps Advisors Inc. cut its position in shares of MicroStrategy Inc. (NASDAQ:MSTR) by 6.8% during the second quarter, Holdings Channel reports. The institutional investor owned 2,397 shares of the company’s stock after selling 176 shares during the period. Alps Advisors Inc.’s holdings in MicroStrategy were worth $420,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System raised its position in shares of MicroStrategy by 2.4% in the second quarter. Louisiana State Employees Retirement System now owns 4,200 shares of the company’s stock worth $735,000 after buying an additional 100 shares in the last quarter. BlackRock Inc. raised its position in shares of MicroStrategy by 13.4% in the first quarter. BlackRock Inc. now owns 1,256 shares of the company’s stock worth $226,000 after buying an additional 148 shares in the last quarter. First Republic Investment Management Inc. raised its position in shares of MicroStrategy by 5.1% in the first quarter. First Republic Investment Management Inc. now owns 3,212 shares of the company’s stock worth $577,000 after buying an additional 157 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of MicroStrategy by 6.6% in the second quarter. Capstone Asset Management Co. now owns 3,041 shares of the company’s stock worth $532,000 after buying an additional 189 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of MicroStrategy by 22.9% in the second quarter. Meeder Asset Management Inc. now owns 1,559 shares of the company’s stock worth $272,000 after buying an additional 291 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MicroStrategy Inc. (NASDAQ:MSTR) traded up 0.12% during mid-day trading on Friday, hitting $172.98. The company had a trading volume of 121,163 shares. The company has a market capitalization of $1.98 billion, a PE ratio of 20.79 and a beta of 1.36. MicroStrategy Inc. has a one year low of $141.01 and a one year high of $209.77. The company’s 50-day moving average is $168.72 and its 200 day moving average is $177.69.
MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.64 EPS for the quarter, missing the Zacks’ consensus estimate of $2.10 by $0.46. The business had revenue of $123.14 million for the quarter, compared to the consensus estimate of $128 million. MicroStrategy had a return on equity of 21.12% and a net margin of 18.66%. The business’s revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.95 earnings per share. On average, equities research analysts forecast that MicroStrategy Inc. will post $7.17 EPS for the current fiscal year.
A number of brokerages have commented on MSTR. JMP Securities lowered MicroStrategy from an “outperform” rating to a “market perform” rating in a report on Friday, July 29th. Zacks Investment Research lowered MicroStrategy from a “hold” rating to a “sell” rating in a report on Friday, July 15th. Brean Capital reaffirmed a “hold” rating on shares of MicroStrategy in a report on Friday, June 24th. Mizuho decreased their price objective on MicroStrategy from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, July 29th. Finally, Citigroup Inc. reduced their target price on MicroStrategy from $228.00 to $209.00 and set a “buy” rating on the stock in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $207.83.
MicroStrategy Incorporated (MicroStrategy) is a provider of enterprise software platforms. The Company is engaged in providing enterprise analytics, mobile and security platforms. The Company’s MicroStrategy 10 consolidates analytics, mobility and security in a single integrated platform, available both as on-premises software and as a hosted service offering in MicroStrategy Secure Cloud.
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