Schwab Charles Investment Management Inc. increased its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,411 shares of the software maker’s stock after purchasing an additional 356 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.35% of MicroStrategy worth $7,746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSTR. SG Americas Securities LLC acquired a new position in MicroStrategy during the 1st quarter worth $120,000. Ameritas Investment Partners Inc. purchased a new stake in shares of MicroStrategy in the 1st quarter valued at about $154,000. Clearbridge Investments LLC lifted its holdings in shares of MicroStrategy by 11.7% in the 1st quarter. Clearbridge Investments LLC now owns 1,050 shares of the software maker’s stock valued at $197,000 after purchasing an additional 110 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of MicroStrategy by 78.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,861 shares of the software maker’s stock valued at $356,000 after purchasing an additional 821 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of MicroStrategy by 11.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,043 shares of the software maker’s stock valued at $384,000 after purchasing an additional 217 shares during the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on MSTR shares. Zacks Investment Research downgraded MicroStrategy from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. Citigroup Inc. reiterated a “hold” rating and set a $133.00 target price (down previously from $191.00) on shares of MicroStrategy in a research report on Thursday, September 21st. TheStreet cut MicroStrategy from a “b” rating to a “c+” rating in a research report on Friday, July 28th. BidaskClub upgraded MicroStrategy from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, Deutsche Bank AG cut MicroStrategy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $220.00 to $180.00 in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. MicroStrategy presently has a consensus rating of “Hold” and an average target price of $160.75.

MicroStrategy Incorporated (NASDAQ:MSTR) opened at 131.36 on Friday. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 18.14 and a beta of 0.84. The firm has a 50-day moving average price of $127.40 and a 200 day moving average price of $165.69. MicroStrategy Incorporated has a 52-week low of $123.15 and a 52-week high of $207.28.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Thursday, July 27th. The software maker reported $0.96 earnings per share (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 during the quarter, compared to analyst estimates of $125.18 million. During the same period in the previous year, the firm posted $1.64 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities research analysts predict that MicroStrategy Incorporated will post $4.33 EPS for the current year.

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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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