Raymond James & Associates Cuts Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Raymond James & Associates cut its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR – Get Rating) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,214 shares of the software maker’s stock after selling 199 shares during the quarter. Raymond James & Associates’ holdings in MicroStrategy were worth $1,744,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSTR. MetLife Investment Management LLC boosted its stake in MicroStrategy by 71.6% in the first quarter. MetLife Investment Management LLC now owns 4,978 shares of the software maker’s stock valued at $2,421,000 after acquiring an additional 2,077 shares during the last quarter. Rhumbline Advisers boosted its stake in MicroStrategy by 11.1% in the first quarter. Rhumbline Advisers now owns 10,810 shares of the software maker’s stock valued at $5,257,000 after acquiring an additional 1,078 shares during the last quarter. Blair William & Co. IL purchased a new position in MicroStrategy in the first quarter valued at about $235,000. Moors & Cabot Inc. boosted its stake in MicroStrategy by 22.3% in the first quarter. Moors & Cabot Inc. now owns 1,563 shares of the software maker’s stock valued at $760,000 after acquiring an additional 285 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in MicroStrategy by 36.4% in the first quarter. Vanguard Group Inc. now owns 888,222 shares of the software maker’s stock valued at $431,960,000 after acquiring an additional 237,109 shares during the last quarter. 51.75% of the stock is currently owned by hedge funds and other institutional investors.

MicroStrategy Stock Down 1.1 %

NASDAQ MSTR opened at $247.50 on Wednesday. The company’s 50 day moving average is $184.83 and its 200-day moving average is $224.57. MicroStrategy Incorporated has a 12-month low of $132.56 and a 12-month high of $522.80. The firm has a market cap of $2.80 billion, a P/E ratio of -2.13 and a beta of 2.19.

MicroStrategy (NASDAQ:MSTR – Get Rating) last posted its quarterly earnings results on Tuesday, November 1st. The software maker reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($1.90). MicroStrategy had a negative net margin of 261.38% and a negative return on equity of 348.42%. The business had revenue of $125.36 million during the quarter, compared to the consensus estimate of $125.30 million. Equities analysts expect that MicroStrategy Incorporated will post -26.47 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered their price target on shares of MicroStrategy from $140.00 to $110.00 in a research report on Thursday, December 29th.

MicroStrategy Profile

(Get Rating)

MicroStrategy, Inc engages in the provision of enterprise analytics and mobility software. The firm designs, develops, markets, and sells software platform through licensing arrangements and cloud-based subscriptions and related services. Its product packages include Hyper.Now, Consumer User Bundle, and Power User Bundle.