Great West Life Assurance Co. Can Buys 285 Shares of MicroStrategy Incorporated (MSTR)
Great West Life Assurance Co. Can increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,708 shares of the software maker’s stock after buying an additional 285 shares during the period. Great West Life Assurance Co. Can owned approximately 0.15% of MicroStrategy worth $2,626,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of MSTR. SG Americas Securities LLC bought a new stake in shares of MicroStrategy during the first quarter worth about $120,000. Ameritas Investment Partners Inc. acquired a new position in MicroStrategy during the first quarter worth approximately $154,000. Creative Planning boosted its position in MicroStrategy by 121.0% in the first quarter. Creative Planning now owns 884 shares of the software maker’s stock worth $166,000 after buying an additional 484 shares in the last quarter. State of Alaska Department of Revenue boosted its position in MicroStrategy by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 1,040 shares of the software maker’s stock worth $195,000 after buying an additional 20 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in MicroStrategy by 11.7% in the first quarter. Clearbridge Investments LLC now owns 1,050 shares of the software maker’s stock worth $197,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 77.81% of the company’s stock.
MicroStrategy Incorporated (NASDAQ MSTR) opened at 125.21 on Tuesday. The company has a 50-day moving average price of $160.12 and a 200 day moving average price of $180.53. MicroStrategy Incorporated has a 52 week low of $123.36 and a 52 week high of $207.28. The company has a market cap of $1.43 billion, a PE ratio of 17.29 and a beta of 0.87.
MicroStrategy (NASDAQ:MSTR) last announced 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. The firm had revenue of $120.61 million during the quarter, compared to analysts’ expectations of $125.18 million. MicroStrategy had a net margin of 16.37% and a return on equity of 14.99%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 EPS. On average, equities research analysts forecast that MicroStrategy Incorporated will post $4.42 EPS for the current fiscal year.
A number of research analysts have recently commented on the company. BidaskClub raised MicroStrategy from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. First Analysis cut MicroStrategy from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $225.00 to $140.00 in a research note on Monday, July 31st. Deutsche Bank AG cut 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 research note on Friday, July 28th. Zacks Investment Research raised MicroStrategy from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, TheStreet cut MicroStrategy from a “b” rating to a “c+” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus 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 business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 1,005 shares of the company’s stock, valued at $184,457.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 21.80% of the stock is owned by insiders.
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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