Creative Planning continued to hold its stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 884 shares of the software maker’s stock at the end of the second quarter. Creative Planning’s holdings in MicroStrategy were worth $169,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in MicroStrategy by 29,588.9% in the first quarter. BlackRock Inc. now owns 1,343,421 shares of the software maker’s stock worth $252,295,000 after buying an additional 1,338,896 shares during the period. Norges Bank acquired a new position in MicroStrategy during the fourth quarter worth $19,456,000. Renaissance Technologies LLC raised its position in MicroStrategy by 108.0% in the first quarter. Renaissance Technologies LLC now owns 106,300 shares of the software maker’s stock worth $19,963,000 after buying an additional 55,200 shares during the period. Vanguard Group Inc. raised its position in MicroStrategy by 4.6% in the first quarter. Vanguard Group Inc. now owns 834,165 shares of the software maker’s stock worth $156,657,000 after buying an additional 36,576 shares during the period. Finally, Bank of America Corp DE raised its position in MicroStrategy by 148.8% in the first quarter. Bank of America Corp DE now owns 35,539 shares of the software maker’s stock worth $6,674,000 after buying an additional 21,257 shares during the period. Hedge funds and other institutional investors own 78.41% of the company’s stock.
MicroStrategy Incorporated (NASDAQ:MSTR) traded down 1.00% on Thursday, reaching $129.29. 38,872 shares of the company’s stock traded hands. MicroStrategy Incorporated has a 52 week low of $128.17 and a 52 week high of $207.28. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 17.86 and a beta of 0.87. The firm has a 50-day moving average price of $173.60 and a 200-day moving average price of $184.84.
MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Thursday, July 27th. The software maker reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by $0.64. MicroStrategy had a return on equity of 14.99% and a net margin of 16.37%. The company had revenue of $120.61 million during the quarter, compared to analyst estimates of $125.18 million. During the same period last year, the business earned $1.64 earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year. On average, analysts predict that MicroStrategy Incorporated will post $4.42 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: “Creative Planning Continues to Hold Position in MicroStrategy Incorporated (MSTR)” was published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/2800457/creative-planning-continues-to-hold-position-in-microstrategy-incorporated-mstr.html.
MSTR has been the subject of a number of recent research reports. BidaskClub raised shares of MicroStrategy from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research lowered shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a report on Thursday, May 4th. Mizuho reissued a “buy” rating and issued a $220.00 target price on shares of MicroStrategy in a report on Sunday, April 23rd. Benchmark Co. initiated coverage on shares of MicroStrategy in a report on Thursday, April 27th. They issued a “hold” rating for the company. Finally, Deutsche Bank AG lowered shares of MicroStrategy from a “buy” rating to a “hold” rating and cut their target price for the company from $220.00 to $180.00 in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. MicroStrategy presently has an average rating of “Hold” and an average price target of $191.00.
In other MicroStrategy news, EVP Wei-Ming Shao sold 2,400 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $183.54, for a total value of $440,496.00. Following the completion of the sale, the executive vice president now directly owns 1,005 shares of the company’s stock, valued at approximately $184,457.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.80% of the stock is owned by company insiders.
MicroStrategy Company Profile
MicroStrategy Incorporated is a provider of enterprise software platforms around the world. The Company is engaged in the design, development, marketing and sales of its software platform through licensing arrangements, and cloud-based subscriptions and related services. It focuses on providing enterprise customers with software platform and services for deploying intelligence applications.
Want to see what other hedge funds are holding MSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MicroStrategy Incorporated (NASDAQ:MSTR).
Receive News & Ratings for MicroStrategy Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroStrategy Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.