Principal Financial Group Inc. decreased its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 70,978 shares of the software maker’s stock after selling 1,825 shares during the quarter. Principal Financial Group Inc. owned 0.62% of MicroStrategy worth $9,065,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in MicroStrategy by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 861,272 shares of the software maker’s stock worth $165,080,000 after acquiring an additional 27,107 shares during the last quarter. Teachers Advisors LLC grew its holdings in MicroStrategy by 1.1% during the 2nd quarter. Teachers Advisors LLC now owns 295,039 shares of the software maker’s stock worth $56,550,000 after acquiring an additional 3,306 shares during the last quarter. Bank of New York Mellon Corp lifted its position in MicroStrategy by 6.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 255,493 shares of the software maker’s stock valued at $48,971,000 after purchasing an additional 14,839 shares during the period. State Street Corp lifted its position in MicroStrategy by 4.1% during the 2nd quarter. State Street Corp now owns 237,831 shares of the software maker’s stock valued at $45,585,000 after purchasing an additional 9,325 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its position in MicroStrategy by 2.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 169,372 shares of the software maker’s stock valued at $32,464,000 after purchasing an additional 4,840 shares during the period. 74.31% of the stock is currently owned by hedge funds and other institutional investors.

MSTR has been the topic of a number of research reports. Deutsche Bank cut their target price on shares of MicroStrategy to $150.00 and set a “hold” rating on the stock in a research report on Friday, September 15th. Citigroup restated a “hold” rating and set a $133.00 target price (down from $191.00) on shares of MicroStrategy in a research report on Thursday, September 21st. Zacks Investment Research upgraded shares of MicroStrategy from a “strong sell” rating to a “hold” rating in a research report on Friday, September 29th. Finally, Mizuho cut their target price on shares of MicroStrategy from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. MicroStrategy has an average rating of “Hold” and a consensus target price of $155.75.

MicroStrategy Incorporated (NASDAQ:MSTR) opened at $134.56 on Wednesday. MicroStrategy Incorporated has a 52-week low of $122.90 and a 52-week high of $207.28. The stock has a market cap of $1,547.98, a PE ratio of 20.84 and a beta of 0.65.

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

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MicroStrategy 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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