Assenagon Asset Management S.A. Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Assenagon Asset Management S.A. purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the third quarter, Holdings Channel.com reports. The fund purchased 3,996 shares of the software maker’s stock, valued at approximately $593,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE raised its stake in shares of MicroStrategy by 290.8% during the 2nd quarter. US Bancorp DE now owns 426 shares of the software maker’s stock valued at $61,000 after purchasing an additional 317 shares during the period. Bank of Montreal Can raised its stake in shares of MicroStrategy by 289.5% during the 2nd quarter. Bank of Montreal Can now owns 927 shares of the software maker’s stock valued at $132,000 after purchasing an additional 689 shares during the period. Everence Capital Management Inc. bought a new stake in shares of MicroStrategy during the 3rd quarter valued at $206,000. Menta Capital LLC bought a new stake in shares of MicroStrategy during the 2nd quarter valued at $201,000. Finally, CWM Advisors LLC bought a new stake in shares of MicroStrategy during the 2nd quarter valued at $209,000. 76.51% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on MSTR. Zacks Investment Research upgraded MicroStrategy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub lowered MicroStrategy from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, ValuEngine lowered MicroStrategy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.

Shares of NASDAQ MSTR opened at $143.02 on Wednesday. The firm has a market capitalization of $1.47 billion, a P/E ratio of 84.13 and a beta of 0.64. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $145.15 and its two-hundred day simple moving average is $139.60. MicroStrategy Incorporated has a twelve month low of $115.50 and a twelve month high of $153.46.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Tuesday, July 30th. The software maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.19). The business had revenue of $117.74 million during the quarter, compared to the consensus estimate of $120.63 million. MicroStrategy had a return on equity of 0.67% and a net margin of 5.85%. MicroStrategy’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. As a group, research analysts anticipate that MicroStrategy Incorporated will post 0.53 EPS for the current fiscal year.

In other MicroStrategy news, Director Leslie J. Rechan bought 1,900 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were acquired at an average cost of $136.98 per share, for a total transaction of $260,262.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 26.88% of the stock is owned by corporate insiders.

MicroStrategy Profile

MicroStrategy Incorporated provides enterprise analytics and mobility software platforms worldwide. It offers MicroStrategy Consulting that provides customers with assessment, advisory, architecture, and deployment services to guide their customers in defining, developing, and delivering business analytics solutions for their enterprises across various industries; and MicroStrategy Education, which consists of classroom-based courses, instructor-led courses, recorded courses, self-paced e-learning modules, customer on-site training, and enterprise E-Courseware options for large organizations in various languages.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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