State of New Jersey Common Pension Fund D Raises Position in MicroStrategy Incorporated (NASDAQ:MSTR)

State of New Jersey Common Pension Fund D boosted its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 6.8% in the fourth quarter, HoldingsChannel reports. The firm owned 7,178 shares of the software maker’s stock after purchasing an additional 456 shares during the period. State of New Jersey Common Pension Fund D’s holdings in MicroStrategy were worth $4,534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MSTR. Harvest Fund Management Co. Ltd raised its position in shares of MicroStrategy by 307.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock worth $33,000 after purchasing an additional 40 shares during the period. Signaturefd LLC raised its position in shares of MicroStrategy by 85.3% during the 4th quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock worth $40,000 after purchasing an additional 29 shares during the period. GPS Wealth Strategies Group LLC acquired a new stake in shares of MicroStrategy during the 3rd quarter worth approximately $37,000. Private Trust Co. NA acquired a new stake in shares of MicroStrategy during the 4th quarter worth approximately $75,000. Finally, NBC Securities Inc. acquired a new stake in shares of MicroStrategy during the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

Insider Transactions at MicroStrategy

In other news, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $1,295.80, for a total transaction of $6,479,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other MicroStrategy news, Director Jarrod M. Patten sold 400 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $638.39, for a total value of $255,356.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $1,295.80, for a total transaction of $6,479,000.00. The disclosure for this sale can be found here. Insiders sold a total of 117,452 shares of company stock valued at $122,745,797 over the last three months. Corporate insiders own 13.18% of the company’s stock.

MicroStrategy Trading Up 3.4 %

NASDAQ MSTR traded up $41.97 during mid-day trading on Friday, reaching $1,282.38. 877,433 shares of the stock were exchanged, compared to its average volume of 2,140,196. MicroStrategy Incorporated has a one year low of $266.00 and a one year high of $1,999.99. The stock has a 50 day simple moving average of $1,351.21 and a 200-day simple moving average of $806.94. The stock has a market cap of $21.76 billion, a P/E ratio of 45.51 and a beta of 2.89. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share for the quarter. The business had revenue of $124.48 million during the quarter, compared to the consensus estimate of $134.90 million. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $1,810.00 price target on shares of MicroStrategy in a research note on Thursday, March 28th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. BTIG Research upped their target price on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a report on Friday, April 5th. TD Cowen reduced their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. Finally, Benchmark reiterated a “buy” rating and set a $1,875.00 price target on shares of MicroStrategy in a research report on Thursday. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, MicroStrategy has an average rating of “Moderate Buy” and an average target price of $1,473.00.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.