Principal Financial Group Inc. raised its stake in shares of MicroStrategy Inc. (NASDAQ:MSTR) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,424 shares of the company’s stock after buying an additional 2,018 shares during the period. Principal Financial Group Inc. owned about 0.60% of MicroStrategy worth $11,975,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in MSTR. Invictus RG increased its position in shares of MicroStrategy by 2,733.3% in the first quarter. Invictus RG now owns 850 shares of the company’s stock valued at $153,000 after buying an additional 820 shares during the last quarter. Royal Bank of Canada increased its stake in MicroStrategy by 1,306.6% in the first quarter. Royal Bank of Canada now owns 858 shares of the company’s stock worth $154,000 after buying an additional 797 shares in the last quarter. BlackRock Inc. increased its stake in 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. Teacher Retirement System of Texas increased its stake in MicroStrategy by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 1,311 shares of the company’s stock worth $229,000 after buying an additional 160 shares in the last quarter. Finally, Springbok Capital Management LLC increased its stake in MicroStrategy by 113.0% in the first quarter. Springbok Capital Management LLC now owns 1,278 shares of the company’s stock worth $230,000 after buying an additional 678 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.
Shares of MicroStrategy Inc. (NASDAQ:MSTR) opened at 173.06 on Wednesday. The firm’s 50-day moving average price is $169.13 and its 200-day moving average price is $177.74. The stock has a market capitalization of $1.98 billion, a P/E ratio of 20.80 and a beta of 1.36. MicroStrategy Inc. has a 12 month low of $141.01 and a 12 month high of $204.79.
MicroStrategy (NASDAQ:MSTR) last posted its 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. MicroStrategy had a net margin of 18.66% and a return on equity of 21.12%. The business had revenue of $123.14 million for the quarter, compared to analyst estimates of $128 million. During the same quarter last year, the business earned $1.95 earnings per share. MicroStrategy’s revenue was down 7.4% on a year-over-year basis. On average, equities research analysts forecast that MicroStrategy Inc. will post $7.17 EPS for the current year.
A number of equities research analysts recently commented on MSTR shares. JMP Securities downgraded MicroStrategy from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Zacks Investment Research downgraded MicroStrategy from a “hold” rating to a “sell” rating in a research report on Friday, July 15th. Mizuho decreased their target price on MicroStrategy from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, July 29th. Brean Capital reiterated a “hold” rating on shares of MicroStrategy in a research report on Friday, June 24th. Finally, Citigroup Inc. decreased their target price on MicroStrategy from $228.00 to $209.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price 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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