Bank of New York Mellon Corp decreased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 3.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 246,266 shares of the software maker’s stock after selling 9,227 shares during the period. Bank of New York Mellon Corp owned approximately 2.15% of MicroStrategy worth $31,451,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rhumbline Advisers grew its stake in shares of MicroStrategy by 2.2% during the third quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock valued at $2,640,000 after buying an additional 444 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of MicroStrategy by 59.0% during the third quarter. Municipal Employees Retirement System of Michigan now owns 3,530 shares of the software maker’s stock valued at $451,000 after buying an additional 1,310 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of MicroStrategy by 86.5% during the third quarter. BNP Paribas Arbitrage SA now owns 6,064 shares of the software maker’s stock valued at $774,000 after buying an additional 2,813 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in shares of MicroStrategy by 14.2% during the third quarter. GHP Investment Advisors Inc. now owns 6,440 shares of the software maker’s stock valued at $822,000 after buying an additional 800 shares during the last quarter. Finally, Nine Chapters Capital Management LLC bought a new position in shares of MicroStrategy during the third quarter valued at about $319,000. Institutional investors and hedge funds own 74.31% of the company’s stock.

Shares of MicroStrategy Incorporated (NASDAQ MSTR) opened at $136.25 on Monday. The stock has a market capitalization of $1,560.00, a PE ratio of 20.99 and a beta of 0.65. MicroStrategy Incorporated has a 12 month low of $122.90 and a 12 month high of $207.28.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Thursday, October 26th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.56. The company had revenue of $125.20 million for the quarter, compared to analysts’ expectations of $125.78 million. MicroStrategy had a return on equity of 11.96% and a net margin of 14.31%. MicroStrategy’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm earned $2.90 earnings per share. equities analysts anticipate that MicroStrategy Incorporated will post 4.54 EPS for the current fiscal year.

MSTR has been the topic of a number of recent research reports. Citigroup reaffirmed a “hold” rating and set a $133.00 price objective (down from $191.00) on shares of MicroStrategy in a research note on Thursday, September 21st. BidaskClub cut MicroStrategy from a “hold” rating to a “sell” rating in a research note on Thursday. Deutsche Bank reduced their price objective on MicroStrategy to $150.00 and set a “hold” rating on the stock in a research note on Friday, September 15th. Mizuho reduced their price objective on MicroStrategy from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Finally, Zacks Investment Research raised MicroStrategy from a “strong sell” rating to a “hold” rating in a research note on Friday, September 29th. One research 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 presently has a consensus rating of “Hold” and a consensus target price of $155.75.

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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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