MicroStrategy Incorporated (MSTR) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lowered its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,006 shares of the software maker’s stock after selling 3,304 shares during the period. Martingale Asset Management L P owned about 0.29% of MicroStrategy worth $6,327,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Wells Fargo & Company MN boosted its position in MicroStrategy by 60.4% in the second quarter. Wells Fargo & Company MN now owns 69,276 shares of the software maker’s stock worth $13,279,000 after purchasing an additional 26,086 shares during the last quarter. Swiss National Bank boosted its position in MicroStrategy by 3.2% in the second quarter. Swiss National Bank now owns 15,900 shares of the software maker’s stock worth $3,048,000 after purchasing an additional 500 shares during the last quarter. Airain ltd purchased a new position in MicroStrategy in the second quarter worth $395,000. GHP Investment Advisors Inc. boosted its position in MicroStrategy by 11.6% in the second quarter. GHP Investment Advisors Inc. now owns 5,640 shares of the software maker’s stock worth $1,081,000 after purchasing an additional 585 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in MicroStrategy by 59.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,251 shares of the software maker’s stock worth $623,000 after purchasing an additional 1,208 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

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Several research analysts have weighed in on MSTR shares. BidaskClub raised MicroStrategy from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. TheStreet cut MicroStrategy from a “b” rating to a “c+” rating in a research report on Friday, July 28th. First Analysis cut MicroStrategy from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $225.00 to $140.00 in a research report on Monday, July 31st. Deutsche Bank AG cut MicroStrategy from a “buy” rating to a “hold” rating and cut their price objective for the stock from $220.00 to $180.00 in a research report on Friday, July 28th. Finally, Zacks Investment Research raised MicroStrategy from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $191.00.

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) opened at 128.52 on Wednesday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 17.75 and a beta of 0.86. The firm has a 50 day moving average price of $136.51 and a 200 day moving average price of $173.96. MicroStrategy Incorporated has a 52 week low of $123.36 and a 52 week high of $207.28.

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

MicroStrategy Company 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.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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