Teacher Retirement System of Texas Takes $15.77 Million Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Teacher Retirement System of Texas bought a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 54,453 shares of the software maker’s stock, valued at approximately $15,771,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MSTR. Riverview Trust Co acquired a new position in MicroStrategy during the 4th quarter worth about $25,000. IAG Wealth Partners LLC acquired a new position in MicroStrategy during the 4th quarter worth about $25,000. Sunbelt Securities Inc. lifted its position in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after buying an additional 144 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in MicroStrategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after buying an additional 76 shares in the last quarter. Finally, Aspect Partners LLC acquired a new position in MicroStrategy during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Price Performance

NASDAQ MSTR opened at $304.00 on Friday. The business has a 50 day simple moving average of $317.11 and a 200 day simple moving average of $286.69. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market cap of $78.24 billion, a price-to-earnings ratio of -53.97 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) 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%.

Analyst Upgrades and Downgrades

MSTR has been the topic of several research reports. Canaccord Genuity Group reduced their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. TD Cowen upped their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Maxim Group boosted their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Finally, Cantor Fitzgerald boosted their price objective on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, MicroStrategy currently has an average rating of “Buy” and a consensus price target of $536.90.

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.