Strs Ohio increased its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 78.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,700 shares of the software maker’s stock after buying an additional 2,500 shares during the period. Strs Ohio owned approximately 0.06% of MicroStrategy worth $1,092,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Isthmus Partners LLC boosted its stake in MicroStrategy by 0.4% in the first quarter. Isthmus Partners LLC now owns 4,212 shares of the software maker’s stock valued at $791,000 after buying an additional 18 shares during the period. State of Alaska Department of Revenue boosted its stake in MicroStrategy by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 1,040 shares of the software maker’s stock valued at $195,000 after buying an additional 20 shares during the period. Aperio Group LLC boosted its stake in MicroStrategy by 0.5% in the second quarter. Aperio Group LLC now owns 4,171 shares of the software maker’s stock valued at $799,000 after buying an additional 22 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in MicroStrategy by 1.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 2,140 shares of the software maker’s stock valued at $402,000 after buying an additional 30 shares during the period. Finally, GHP Investment Advisors Inc. boosted its stake in MicroStrategy by 0.8% in the first quarter. GHP Investment Advisors Inc. now owns 5,055 shares of the software maker’s stock valued at $949,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 77.81% of the company’s stock.

MicroStrategy Incorporated (NASDAQ MSTR) opened at 128.92 on Tuesday. The stock has a market cap of $1.48 billion, a PE ratio of 17.81 and a beta of 0.87. MicroStrategy Incorporated has a 52-week low of $126.07 and a 52-week high of $207.28. The firm has a 50-day moving average price of $168.79 and a 200 day moving average price of $183.09.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Thursday, July 27th. The software maker reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.60 by $0.64. The business had revenue of $120.61 million for the quarter, compared to the consensus estimate of $125.18 million. MicroStrategy had a net margin of 16.37% and a return on equity of 14.99%. The firm’s revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. Equities analysts anticipate that MicroStrategy Incorporated will post $4.42 earnings per share for the current year.

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Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded MicroStrategy from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 1st. Benchmark Co. assumed coverage on MicroStrategy in a research note on Thursday, April 27th. They set a “hold” rating for the company. Deutsche Bank AG cut MicroStrategy from a “buy” rating to a “hold” rating and cut their price target for the stock from $220.00 to $180.00 in a research note on Friday, July 28th. BidaskClub upgraded MicroStrategy from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, First Analysis cut MicroStrategy from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $225.00 to $140.00 in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. MicroStrategy has an average rating of “Hold” and a consensus price target of $191.00.

In other MicroStrategy news, EVP Wei-Ming Shao sold 2,400 shares of MicroStrategy stock in a transaction on Friday, June 9th. The stock was sold at an average price of $183.54, for a total transaction of $440,496.00. Following the sale, the executive vice president now owns 1,005 shares of the company’s stock, valued at approximately $184,457.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.80% of the stock is owned by insiders.

About MicroStrategy

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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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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