Edgestream Partners L.P. Acquires 6,719 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Edgestream Partners L.P. raised its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 164.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,793 shares of the software maker’s stock after purchasing an additional 6,719 shares during the quarter. Edgestream Partners L.P.’s holdings in MicroStrategy were worth $3,126,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. US Bancorp DE lifted its holdings in MicroStrategy by 782.8% during the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock valued at $717,000 after buying an additional 3,773 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in MicroStrategy by 848.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 37,005 shares of the software maker’s stock worth $6,239,000 after acquiring an additional 33,105 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of MicroStrategy during the third quarter worth approximately $295,000. Amalgamated Bank raised its stake in shares of MicroStrategy by 862.3% during the third quarter. Amalgamated Bank now owns 8,372 shares of the software maker’s stock valued at $1,412,000 after acquiring an additional 7,502 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of MicroStrategy by 1,517.4% in the third quarter. Concurrent Investment Advisors LLC now owns 3,623 shares of the software maker’s stock valued at $611,000 after purchasing an additional 3,399 shares during the period. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSTR has been the subject of a number of research analyst reports. Canaccord Genuity Group decreased their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Maxim Group lifted their price objective on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Mizuho initiated coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. Barclays cut their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Trading Down 5.6 %

NASDAQ:MSTR opened at $287.18 on Friday. The firm has a 50 day moving average of $325.57 and a 200 day moving average of $277.72. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The stock has a market capitalization of $73.91 billion, a price-to-earnings ratio of -50.98 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.