Ameritas Investment Partners Inc. maintained its stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 820 shares of the software maker’s stock at the close of the second quarter. Ameritas Investment Partners Inc.’s holdings in MicroStrategy were worth $157,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Flinton Capital Management LLC boosted its holdings in MicroStrategy by 83.3% during the second quarter. Flinton Capital Management LLC now owns 528 shares of the software maker’s stock worth $101,000 after buying an additional 240 shares during the last quarter. SG Americas Securities LLC bought a new position in MicroStrategy during the first quarter worth about $120,000. ETF Managers Group LLC bought a new position in MicroStrategy during the second quarter worth about $127,000. Riverhead Capital Management LLC boosted its holdings in MicroStrategy by 108.3% during the second quarter. Riverhead Capital Management LLC now owns 833 shares of the software maker’s stock worth $160,000 after buying an additional 433 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in MicroStrategy by 11.7% during 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. Hedge funds and other institutional investors own 75.85% of the company’s stock.
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A number of brokerages have issued reports on MSTR. Deutsche Bank AG cut MicroStrategy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $220.00 to $180.00 in a report on Friday, July 28th. First Analysis cut MicroStrategy from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $225.00 to $140.00 in a report on Monday, July 31st. Mizuho reduced their target price on MicroStrategy from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Citigroup Inc reiterated a “hold” rating and set a $133.00 price objective (down previously from $191.00) on shares of MicroStrategy in a report on Thursday, September 21st. Finally, TheStreet cut MicroStrategy from a “b” rating to a “c+” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. MicroStrategy has a consensus rating of “Hold” and an average price target of $155.75.
Shares of MicroStrategy Incorporated (MSTR) opened at $133.68 on Friday. The stock has a market cap of $1.53 billion, a PE ratio of 20.65 and a beta of 0.66.
MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Thursday, October 26th. The software maker reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.56. The firm had revenue of $125.20 million for the quarter, compared to analyst estimates of $125.78 million. MicroStrategy had a return on equity of 12.90% and a net margin of 14.81%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.90 EPS. equities analysts expect that MicroStrategy Incorporated will post 4.54 EPS for the current year.
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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