Public Sector Pension investment Board decreased its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 29.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,810 shares of the software maker’s stock after selling 2,000 shares during the quarter. Public Sector Pension investment Board’s holdings in MicroStrategy were worth $922,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MSTR. Bank of New York Mellon Corp lifted its stake in MicroStrategy by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 255,493 shares of the software maker’s stock valued at $48,971,000 after purchasing an additional 14,839 shares during the last quarter. Bank of America Corp DE grew 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 last quarter. Clearbridge Investments LLC grew 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 during the last quarter. Vanguard Group Inc. grew 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 last quarter. Finally, Thrivent Financial For Lutherans grew its position in MicroStrategy by 4.4% in the first quarter. Thrivent Financial For Lutherans now owns 5,270 shares of the software maker’s stock worth $990,000 after buying an additional 220 shares during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

MicroStrategy Incorporated (NASDAQ:MSTR) opened at 129.27 on Wednesday. MicroStrategy Incorporated has a 52-week low of $123.15 and a 52-week high of $207.28. The stock has a 50 day moving average of $127.15 and a 200 day moving average of $166.63. The stock has a market capitalization of $1.48 billion, a P/E ratio of 17.85 and a beta of 0.84.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Thursday, July 27th. The software maker reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.64). The company had revenue of $120.61 million during the quarter, compared to analyst estimates of $125.18 million. MicroStrategy had a net margin of 16.37% and a return on equity of 14.99%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.64 EPS. On average, equities research analysts forecast that MicroStrategy Incorporated will post $4.33 EPS for the current year.

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Several research analysts have issued reports on the company. BidaskClub raised MicroStrategy from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. TheStreet lowered MicroStrategy from a “b” rating to a “c+” rating in a research note on Friday, July 28th. First Analysis lowered MicroStrategy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $225.00 to $140.00 in a research note on Monday, July 31st. Deutsche Bank AG lowered MicroStrategy from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $220.00 to $180.00 in a research note on Friday, July 28th. Finally, Zacks Investment Research upgraded MicroStrategy from a “strong sell” rating to a “hold” rating in a report on Saturday, July 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $173.40.

About MicroStrategy

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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