MicroStrategy Incorporated (MSTR) Holdings Cut by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,793 shares of the software maker’s stock after selling 585 shares during the quarter. Geode Capital Management LLC’s holdings in MicroStrategy were worth $11,264,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MSTR. Nationwide Fund Advisors boosted its position in MicroStrategy by 6.8% during the third quarter. Nationwide Fund Advisors now owns 18,528 shares of the software maker’s stock worth $2,366,000 after purchasing an additional 1,182 shares during the period. Rhumbline Advisers boosted its position in MicroStrategy by 2.2% during the third quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock worth $2,640,000 after purchasing an additional 444 shares during the period. SG Americas Securities LLC boosted its position in MicroStrategy by 93.5% during the third quarter. SG Americas Securities LLC now owns 2,367 shares of the software maker’s stock worth $302,000 after purchasing an additional 1,144 shares during the period. Ameriprise Financial Inc. boosted its position in MicroStrategy by 41.8% during the third quarter. Ameriprise Financial Inc. now owns 115,267 shares of the software maker’s stock worth $14,719,000 after purchasing an additional 33,999 shares during the period. Finally, American International Group Inc. boosted its position in MicroStrategy by 5.8% during the third quarter. American International Group Inc. now owns 7,513 shares of the software maker’s stock worth $959,000 after purchasing an additional 410 shares during the period. 74.82% of the stock is owned by hedge funds and other institutional investors.

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A number of brokerages have issued reports on MSTR. Zacks Investment Research cut MicroStrategy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Mizuho reaffirmed a “buy” rating and set a $200.00 target price on shares of MicroStrategy in a research report on Wednesday, January 17th. BidaskClub cut MicroStrategy from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. Finally, ValuEngine lowered MicroStrategy from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $153.40.

Shares of MSTR stock opened at $125.87 on Friday. MicroStrategy Incorporated has a 12 month low of $122.16 and a 12 month high of $196.35. The company has a market cap of $1,462.83, a PE ratio of 23.85 and a beta of 0.68.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, January 25th. The software maker reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.17. MicroStrategy had a return on equity of 10.43% and a net margin of 3.50%. The company had revenue of $138.10 million during the quarter, compared to analyst estimates of $132.91 million. During the same period in the previous year, the company earned $2.69 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. equities research analysts anticipate that MicroStrategy Incorporated will post 2.18 EPS for the current year.

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MicroStrategy 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.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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