253,435 Shares in MicroStrategy Incorporated (MSTR) Purchased by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. acquired a new position in MicroStrategy Incorporated (NASDAQ:MSTR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 253,435 shares of the software maker’s stock, valued at approximately $32,366,000. Alyeska Investment Group L.P. owned 2.21% of MicroStrategy at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Flinton Capital Management LLC lifted its stake in shares of MicroStrategy by 83.3% in the second quarter. Flinton Capital Management LLC now owns 528 shares of the software maker’s stock worth $101,000 after acquiring an additional 240 shares during the period. ETF Managers Group LLC acquired a new position in shares of MicroStrategy in the second quarter worth approximately $127,000. Riverhead Capital Management LLC lifted its stake in shares of MicroStrategy by 108.3% in the second quarter. Riverhead Capital Management LLC now owns 833 shares of the software maker’s stock worth $160,000 after acquiring an additional 433 shares during the period. Zacks Investment Management acquired a new position in shares of MicroStrategy in the second quarter worth approximately $222,000. Finally, SG Americas Securities LLC lifted its stake in shares of MicroStrategy by 92.0% in the second quarter. SG Americas Securities LLC now owns 1,223 shares of the software maker’s stock worth $234,000 after acquiring an additional 586 shares during the period. 74.31% of the stock is currently owned by institutional investors.

MicroStrategy Incorporated (NASDAQ MSTR) opened at $136.25 on Friday. MicroStrategy Incorporated has a 12 month low of $122.90 and a 12 month high of $207.28. The stock has a market capitalization of $1,533.78, a P/E ratio of 20.65 and a beta of 0.65.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, October 26th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.56. MicroStrategy had a return on equity of 12.90% and a net margin of 14.81%. The firm had revenue of $125.20 million for the quarter, compared to analyst estimates of $125.78 million. During the same period in the previous year, the firm earned $2.90 earnings per share. The company’s revenue was down 3.6% compared to the same quarter last year. equities research analysts anticipate that MicroStrategy Incorporated will post 4.54 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. BidaskClub lowered MicroStrategy from a “hold” rating to a “sell” rating in a research note on Thursday. Mizuho cut their price objective on MicroStrategy from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Zacks Investment Research raised MicroStrategy from a “strong sell” rating to a “hold” rating in a research note on Friday, September 29th. Citigroup reissued a “hold” rating and issued a $133.00 price target (down from $191.00) on shares of MicroStrategy in a research note on Thursday, September 21st. Finally, Deutsche Bank dropped their price target on MicroStrategy to $150.00 and set a “hold” rating on the stock in a research note on Friday, September 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. MicroStrategy presently has a consensus rating of “Hold” and a consensus price target of $155.75.

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MicroStrategy Company Profile

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.

Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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