Schwab Charles Investment Management Inc. grew its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,604 shares of the software maker’s stock after purchasing an additional 2,083 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in MicroStrategy were worth $5,726,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in MSTR. Nationwide Fund Advisors grew its position in shares of MicroStrategy by 6.8% in the third quarter. Nationwide Fund Advisors now owns 18,528 shares of the software maker’s stock valued at $2,366,000 after purchasing an additional 1,182 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of MicroStrategy in the third quarter valued at about $290,000. BNP Paribas Arbitrage SA grew its position in shares of MicroStrategy by 86.5% in the third quarter. BNP Paribas Arbitrage SA now owns 6,064 shares of the software maker’s stock valued at $774,000 after purchasing an additional 2,813 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of MicroStrategy by 59.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,530 shares of the software maker’s stock valued at $451,000 after purchasing an additional 1,310 shares during the period. Finally, Rhumbline Advisers grew its position in shares of MicroStrategy by 2.2% in the third quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock valued at $2,640,000 after purchasing an additional 444 shares during the period. Institutional investors and hedge funds own 74.82% of the company’s stock.
Shares of MicroStrategy Incorporated (NASDAQ:MSTR) opened at $135.04 on Wednesday. MicroStrategy Incorporated has a 52-week low of $122.16 and a 52-week high of $196.35. The stock has a market cap of $1,562.47, a PE ratio of 89.43 and a beta of 0.68.
Several brokerages have recently issued reports on MSTR. BidaskClub lowered shares of MicroStrategy from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Mizuho reiterated a “buy” rating and issued a $200.00 target price on shares of MicroStrategy in a research report on Thursday, January 25th. Finally, Zacks Investment Research lowered shares of MicroStrategy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $155.75.
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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.
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