Berkeley Capital Partners LLC Has $387,000 Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Berkeley Capital Partners LLC decreased its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 22.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,337 shares of the software maker’s stock after selling 393 shares during the period. Berkeley Capital Partners LLC’s holdings in MicroStrategy were worth $387,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MSTR. GSA Capital Partners LLP acquired a new position in MicroStrategy during the 3rd quarter valued at about $261,000. Victory Capital Management Inc. lifted its position in MicroStrategy by 894.7% during the 3rd quarter. Victory Capital Management Inc. now owns 57,830 shares of the software maker’s stock valued at $9,750,000 after purchasing an additional 52,016 shares during the period. Oppenheimer & Co. Inc. acquired a new position in MicroStrategy during the 3rd quarter valued at about $238,000. CIBC Asset Management Inc lifted its position in MicroStrategy by 935.8% during the 3rd quarter. CIBC Asset Management Inc now owns 4,340 shares of the software maker’s stock valued at $732,000 after purchasing an additional 3,921 shares during the period. Finally, Empowered Funds LLC acquired a new position in MicroStrategy during the 3rd quarter valued at about $440,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Cantor Fitzgerald increased their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Canaccord Genuity Group cut 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. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Mizuho began coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $536.90.

MicroStrategy Price Performance

NASDAQ MSTR opened at $302.07 on Friday. The business has a 50 day simple moving average of $317.59 and a 200 day simple moving average of $285.50. 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 $77.74 billion, a price-to-earnings ratio of -53.63 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%.

About MicroStrategy

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.