Los Angeles Capital Management & Equity Research Inc. Acquires New Holdings in MicroStrategy Incorporated (MSTR)

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Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 3,510 shares of the software maker’s stock, valued at approximately $448,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MSTR. BlackRock Inc. lifted its position in MicroStrategy by 1.6% during the fourth quarter. BlackRock Inc. now owns 1,619,440 shares of the software maker’s stock valued at $206,884,000 after purchasing an additional 25,070 shares during the period. Vanguard Group Inc. lifted its position in MicroStrategy by 2.4% during the third quarter. Vanguard Group Inc. now owns 926,641 shares of the software maker’s stock valued at $130,303,000 after purchasing an additional 21,692 shares during the period. Vanguard Group Inc lifted its position in MicroStrategy by 2.4% during the third quarter. Vanguard Group Inc now owns 926,641 shares of the software maker’s stock valued at $130,303,000 after purchasing an additional 21,692 shares during the period. JPMorgan Chase & Co. lifted its position in MicroStrategy by 16.3% during the third quarter. JPMorgan Chase & Co. now owns 558,587 shares of the software maker’s stock valued at $78,549,000 after purchasing an additional 78,253 shares during the period. Finally, Victory Capital Management Inc. lifted its position in MicroStrategy by 33.2% during the fourth quarter. Victory Capital Management Inc. now owns 409,724 shares of the software maker’s stock valued at $52,342,000 after purchasing an additional 102,125 shares during the period. 67.43% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of MicroStrategy from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 28th. BidaskClub upgraded shares of MicroStrategy from a “hold” rating to a “buy” rating in a research report on Saturday, December 15th. ValuEngine upgraded shares of MicroStrategy from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. Finally, BWS Financial assumed coverage on shares of MicroStrategy in a research report on Monday, February 11th. They issued a “buy” rating and a $200.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. MicroStrategy has an average rating of “Buy” and a consensus target price of $180.00.

Shares of MicroStrategy stock opened at $148.00 on Friday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 87.06 and a beta of 0.55. MicroStrategy Incorporated has a fifty-two week low of $115.50 and a fifty-two week high of $151.23.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Tuesday, January 29th. The software maker reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.85). The firm had revenue of $131.92 million during the quarter, compared to analyst estimates of $136.42 million. MicroStrategy had a return on equity of 3.23% and a net margin of 4.52%. Sell-side analysts expect that MicroStrategy Incorporated will post 1.99 EPS for the current year.

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MicroStrategy Company Profile

MicroStrategy Incorporated provides enterprise analytics and mobility software platforms worldwide. It offers MicroStrategy Consulting that provides customers with assessment, advisory, architecture, and deployment services to guide their customers in defining, developing, and delivering business analytics solutions for their enterprises across various industries; and MicroStrategy Education, which consists of classroom-based courses, instructor-led courses, recorded courses, self-paced e-learning modules, customer on-site training, and enterprise E-Courseware options for large organizations in various languages.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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