Stifel Financial Corp purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,587 shares of the software maker’s stock, valued at approximately $307,000.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in MicroStrategy by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 255,493 shares of the software maker’s stock valued at $48,971,000 after acquiring an additional 14,839 shares during the period. Bank of America Corp DE raised its holdings in MicroStrategy by 148.8% during the first quarter. Bank of America Corp DE now owns 35,539 shares of the software maker’s stock valued at $6,674,000 after acquiring an additional 21,257 shares during the period. Clearbridge Investments LLC raised its holdings in MicroStrategy by 11.7% during the first quarter. Clearbridge Investments LLC now owns 1,050 shares of the software maker’s stock valued at $197,000 after acquiring an additional 110 shares during the period. Vanguard Group Inc. raised its holdings in MicroStrategy by 4.6% during the first quarter. Vanguard Group Inc. now owns 834,165 shares of the software maker’s stock valued at $156,657,000 after acquiring an additional 36,576 shares during the period. Finally, Legal & General Group Plc raised its holdings in MicroStrategy by 12.3% during the second quarter. Legal & General Group Plc now owns 18,486 shares of the software maker’s stock valued at $3,539,000 after acquiring an additional 2,021 shares during the period. 75.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of MicroStrategy Incorporated (NASDAQ MSTR) opened at $133.68 on Friday. The firm has a market capitalization of $1.53 billion, a PE ratio of 20.65 and a beta of 0.66.

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

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A number of equities research analysts have commented on MSTR shares. Mizuho decreased their price target on MicroStrategy from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, October 27th. TheStreet cut MicroStrategy from a “b” rating to a “c+” rating in a report on Friday, July 28th. First Analysis cut MicroStrategy from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $225.00 to $140.00 in a report on Monday, July 31st. Deutsche Bank AG cut MicroStrategy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $220.00 to $180.00 in a report on Friday, July 28th. Finally, Zacks Investment Research raised MicroStrategy from a “strong sell” rating to a “hold” rating in a report on Friday, September 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $155.75.

About MicroStrategy

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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