MicroStrategy Inc. (MSTR) Stake Held by Fisher Asset Management LLC
Fisher Asset Management LLC continued to hold its position in MicroStrategy Inc. (NASDAQ:MSTR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,000 shares of the company’s stock at the end of the third quarter. Fisher Asset Management LLC owned 0.40% of MicroStrategy worth $7,702,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in MicroStrategy by 0.8% in the first quarter. State Street Corp now owns 198,824 shares of the company’s stock valued at $35,738,000 after buying an additional 1,527 shares during the period. Geode Capital Management LLC raised its position in MicroStrategy by 0.9% in the first quarter. Geode Capital Management LLC now owns 74,934 shares of the company’s stock valued at $13,467,000 after buying an additional 705 shares during the period. A.R.T. Advisors LLC raised its position in MicroStrategy by 50.0% in the first quarter. A.R.T. Advisors LLC now owns 4,202 shares of the company’s stock valued at $755,000 after buying an additional 1,400 shares during the period. Squarepoint Ops LLC raised its position in MicroStrategy by 18.6% in the first quarter. Squarepoint Ops LLC now owns 3,217 shares of the company’s stock valued at $578,000 after buying an additional 504 shares during the period. Finally, First Republic Investment Management Inc. raised its position in MicroStrategy by 5.1% in the first quarter. First Republic Investment Management Inc. now owns 3,212 shares of the company’s stock valued at $577,000 after buying an additional 157 shares during the period. 80.96% of the stock is owned by hedge funds and other institutional investors.
MicroStrategy Inc. (NASDAQ:MSTR) traded down 1.43% during mid-day trading on Monday, hitting $195.03. 93,182 shares of the stock traded hands. The stock has a market capitalization of $2.23 billion, a PE ratio of 22.72 and a beta of 1.22. MicroStrategy Inc. has a one year low of $141.01 and a one year high of $199.70. The company has a 50 day moving average price of $184.73 and a 200-day moving average price of $178.26.
MicroStrategy (NASDAQ:MSTR) last released its earnings results on Thursday, October 27th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.64. MicroStrategy had a return on equity of 20.47% and a net margin of 19.18%. The business had revenue of $129.90 million for the quarter, compared to analyst estimates of $126.77 million. During the same quarter last year, the firm posted $2.06 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Equities analysts anticipate that MicroStrategy Inc. will post $7.69 earnings per share for the current fiscal year.
MSTR has been the subject of several recent research reports. Zacks Investment Research lowered shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 3rd. Mizuho increased their price target on shares of MicroStrategy from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, November 16th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $215.60.
In other news, Director Jarrod M. Patten sold 3,317 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $197.20, for a total transaction of $654,112.40. Following the transaction, the director now owns 3,317 shares in the company, valued at $654,112.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 20.19% of the stock is owned by company insiders.
MicroStrategy Company Profile
MicroStrategy Incorporated (MicroStrategy) is a provider of enterprise software platforms. The Company is engaged in providing enterprise analytics, mobile and security platforms. The Company’s MicroStrategy 10 consolidates analytics, mobility and security in a single integrated platform, available both as on-premises software and as a hosted service offering in MicroStrategy Secure Cloud.
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