International Assets Investment Management LLC Makes New $12.37 Million Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

International Assets Investment Management LLC purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, Holdings Channel.com reports. The firm purchased 19,580 shares of the software maker’s stock, valued at approximately $12,367,000.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of MicroStrategy by 10.1% during the third quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock valued at $369,965,000 after purchasing an additional 103,107 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of MicroStrategy by 2.1% in the 3rd quarter. Northern Trust Corp now owns 108,075 shares of the software maker’s stock valued at $35,479,000 after acquiring an additional 2,248 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of MicroStrategy by 10.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 93,677 shares of the software maker’s stock valued at $30,752,000 after acquiring an additional 8,600 shares during the last quarter. UBS Group AG lifted its holdings in shares of MicroStrategy by 376.9% in the 3rd quarter. UBS Group AG now owns 36,504 shares of the software maker’s stock valued at $11,984,000 after acquiring an additional 28,850 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of MicroStrategy by 12.6% in the 3rd quarter. LPL Financial LLC now owns 27,845 shares of the software maker’s stock valued at $9,141,000 after acquiring an additional 3,105 shares during the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Analysts Set New Price Targets

MSTR has been the subject of a number of analyst reports. Canaccord Genuity Group lowered their price target on shares of MicroStrategy from $1,810.00 to $1,590.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. TD Cowen decreased their price objective on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research note on Wednesday, March 20th. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. Benchmark reissued a “buy” rating and issued a $1,875.00 price objective on shares of MicroStrategy in a research note on Thursday, April 25th. Finally, BTIG Research raised their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average price target of $1,678.75.

MicroStrategy Stock Up 8.3 %

Shares of NASDAQ MSTR opened at $1,223.01 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.78. The firm has a market capitalization of $20.75 billion, a price-to-earnings ratio of -182.54 and a beta of 3.00. The stock has a 50 day moving average price of $1,396.42 and a 200 day moving average price of $838.88. MicroStrategy Incorporated has a 52-week low of $266.00 and a 52-week high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. The firm had revenue of $124.48 million during the quarter, compared to analyst estimates of $134.90 million. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%.

Insider Buying and Selling

In related news, CEO Phong Le sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total value of $8,612,400.00. Following the completion of the transaction, the chief executive officer now owns 595 shares of the company’s stock, valued at $512,437.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Michael J. Saylor sold 1,140 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $1,951.33, for a total value of $2,224,516.20. Following the completion of the transaction, the chairman now owns 1,140 shares of the company’s stock, valued at $2,224,516.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Phong Le sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the completion of the transaction, the chief executive officer now directly owns 595 shares of the company’s stock, valued at approximately $512,437.80. The disclosure for this sale can be found here. Insiders sold 97,452 shares of company stock valued at $112,675,447 over the last 90 days. Corporate insiders own 13.18% of the company’s stock.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.