Point72 Asset Management L.P. purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,500 shares of the software maker’s stock, valued at approximately $192,000.

Several other large investors also recently modified their holdings of MSTR. Royal Bank of Canada increased its stake in shares of MicroStrategy by 525.3% in the first quarter. Royal Bank of Canada now owns 1,238 shares of the software maker’s stock worth $160,000 after buying an additional 1,040 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of MicroStrategy in the second quarter worth $194,000. Raymond James & Associates bought a new stake in shares of MicroStrategy in the second quarter worth $201,000. Triangle Securities Wealth Management bought a new stake in shares of MicroStrategy in the second quarter worth $229,000. Finally, Trexquant Investment LP bought a new stake in shares of MicroStrategy in the second quarter worth $231,000. Institutional investors and hedge funds own 74.83% of the company’s stock.

MSTR stock opened at $147.38 on Tuesday. MicroStrategy Incorporated has a 1-year low of $122.16 and a 1-year high of $151.23. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 27.60 and a beta of 0.67.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Thursday, July 26th. The software maker reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.27. MicroStrategy had a negative net margin of 0.35% and a positive return on equity of 6.93%. The firm had revenue of $120.60 million during the quarter, compared to analyst estimates of $122.06 million. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. equities research analysts forecast that MicroStrategy Incorporated will post 1.42 EPS for the current year.

A number of brokerages recently issued reports on MSTR. BidaskClub upgraded shares of MicroStrategy from a “hold” rating to a “buy” rating in a research note on Wednesday, June 20th. Zacks Investment Research lowered shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 28th. Finally, ValuEngine upgraded shares of MicroStrategy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th.

MicroStrategy Company Profile

MicroStrategy Incorporated provides enterprise software platforms worldwide. It offers MicroStrategy Analytics platform that delivers reports and dashboards, and enables users to conduct ad hoc analysis and share insights through mobile devices or the Web; MicroStrategy Server, which provides analytical processing and job management for various reporting, analysis, and monitoring applications; MicroStrategy Web, a primary reporting interface for analysts that offers interactive reporting, dashboarding, and analysis through a Web browser; and MicroStrategy Desktop, an on-premise and single-user tool for easy-to-use self-service visual data discovery.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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