MicroStrategy Incorporated (MSTR) Position Lifted by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169,372 shares of the software maker’s stock after acquiring an additional 4,840 shares during the quarter. TIAA CREF Investment Management LLC owned about 1.48% of MicroStrategy worth $32,464,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in MSTR. Bank of New York Mellon Corp lifted its stake in MicroStrategy by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 255,493 shares of the software maker’s stock valued at $48,971,000 after buying an additional 14,839 shares in the last quarter. Bank of America Corp DE lifted its stake in MicroStrategy by 148.8% in the first quarter. Bank of America Corp DE now owns 35,539 shares of the software maker’s stock valued at $6,674,000 after buying an additional 21,257 shares in the last quarter. Clearbridge Investments LLC lifted its stake in MicroStrategy by 11.7% in the first quarter. Clearbridge Investments LLC now owns 1,050 shares of the software maker’s stock valued at $197,000 after buying an additional 110 shares in the last quarter. Vanguard Group Inc. lifted its stake in MicroStrategy by 4.6% in the first quarter. Vanguard Group Inc. now owns 834,165 shares of the software maker’s stock valued at $156,657,000 after buying an additional 36,576 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its stake in MicroStrategy by 4.4% in the first quarter. Thrivent Financial For Lutherans now owns 5,270 shares of the software maker’s stock valued at $990,000 after buying an additional 220 shares in the last quarter. 76.28% of the stock is currently owned by institutional investors and hedge funds.
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MSTR has been the topic of a number of research reports. BidaskClub raised shares of MicroStrategy from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. Zacks Investment Research lowered shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Deutsche Bank AG cut their price target on shares of MicroStrategy to $150.00 and set a “hold” rating on the stock in a research note on Friday, September 15th. TheStreet lowered shares of MicroStrategy from a “b” rating to a “c+” rating in a research note on Friday, July 28th. Finally, First Analysis lowered shares of MicroStrategy from an “overweight” rating to an “equal weight” rating and cut their price target for the company 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 assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $173.40.
Shares of MicroStrategy Incorporated (NASDAQ MSTR) opened at 124.76 on Friday. MicroStrategy Incorporated has a 12-month low of $123.36 and a 12-month high of $207.28. The firm has a market capitalization of $1.43 billion, a P/E ratio of 17.23 and a beta of 0.86. The stock has a 50 day moving average of $128.79 and a 200-day moving average of $171.16.
MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Thursday, July 27th. The software maker reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 14.99% and a net margin of 16.37%. MicroStrategy’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.64 earnings per share. On average, equities research analysts predict that MicroStrategy Incorporated will post $4.33 EPS for the current fiscal 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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