California State Teachers Retirement System trimmed its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 9.9% in the third quarter, HoldingsChannel reports. The firm owned 15,204 shares of the software maker’s stock after selling 1,664 shares during the quarter. California State Teachers Retirement System’s holdings in MicroStrategy were worth $1,942,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MSTR. Janus Henderson Group PLC acquired a new position in MicroStrategy in the second quarter worth about $20,738,000. Renaissance Technologies LLC grew its stake in MicroStrategy by 52.2% in the second quarter. Renaissance Technologies LLC now owns 161,800 shares of the software maker’s stock worth $31,012,000 after purchasing an additional 55,500 shares in the last quarter. Ameriprise Financial Inc. grew its stake in MicroStrategy by 41.8% in the third quarter. Ameriprise Financial Inc. now owns 115,267 shares of the software maker’s stock worth $14,719,000 after purchasing an additional 33,999 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in MicroStrategy by 16.2% in the third quarter. Dimensional Fund Advisors LP now owns 232,627 shares of the software maker’s stock worth $29,709,000 after purchasing an additional 32,375 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in MicroStrategy by 3.2% in the second quarter. Vanguard Group Inc. now owns 861,272 shares of the software maker’s stock worth $165,080,000 after purchasing an additional 27,107 shares in the last quarter. Institutional investors and hedge funds own 74.28% of the company’s stock.

MicroStrategy Incorporated (NASDAQ MSTR) opened at $139.60 on Thursday. MicroStrategy Incorporated has a twelve month low of $122.90 and a twelve month high of $205.96. The stock has a market cap of $1,599.72, a PE ratio of 21.51 and a beta of 0.66.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Thursday, October 26th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.56. MicroStrategy had a net margin of 14.81% and a return on equity of 12.90%. The firm had revenue of $125.20 million for the quarter, compared to analysts’ expectations of $125.78 million. During the same quarter last year, the company posted $2.90 earnings per share. MicroStrategy’s revenue was down 3.6% on a year-over-year basis. sell-side analysts anticipate that MicroStrategy Incorporated will post 4.54 earnings per share for the current fiscal year.

A number of research firms recently commented on MSTR. Mizuho decreased their price target on MicroStrategy from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Zacks Investment Research downgraded MicroStrategy from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub downgraded MicroStrategy from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Citigroup reiterated a “hold” rating and issued a $133.00 price target (down from $191.00) on shares of MicroStrategy in a research note on Thursday, September 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $155.75.

ILLEGAL ACTIVITY WARNING: This news story was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/california-state-teachers-retirement-system-decreases-position-in-microstrategy-incorporated-mstr/1811679.html.

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.

Want to see what other hedge funds are holding MSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MicroStrategy Incorporated (NASDAQ:MSTR).

Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

Receive News & Ratings for MicroStrategy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroStrategy and related companies with MarketBeat.com's FREE daily email newsletter.