New York State Common Retirement Fund Increases Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

New York State Common Retirement Fund grew its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,121 shares of the software maker’s stock after purchasing an additional 366 shares during the quarter. New York State Common Retirement Fund’s holdings in MicroStrategy were worth $3,235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. California Public Employees Retirement System raised its holdings in MicroStrategy by 11.0% during the 4th quarter. California Public Employees Retirement System now owns 22,782 shares of the software maker’s stock valued at $14,390,000 after buying an additional 2,263 shares during the last quarter. Duality Advisers LP increased its position in shares of MicroStrategy by 44.0% in the fourth quarter. Duality Advisers LP now owns 992 shares of the software maker’s stock valued at $627,000 after acquiring an additional 303 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of MicroStrategy by 47.1% during the fourth quarter. Handelsbanken Fonder AB now owns 2,186 shares of the software maker’s stock worth $1,381,000 after purchasing an additional 700 shares during the period. CWM LLC grew its stake in shares of MicroStrategy by 7.3% in the fourth quarter. CWM LLC now owns 396 shares of the software maker’s stock worth $250,000 after purchasing an additional 27 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in MicroStrategy by 9.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 811 shares of the software maker’s stock valued at $512,000 after purchasing an additional 72 shares during the period. Institutional investors own 72.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Canaccord Genuity Group dropped their price objective on 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 cut their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a report on Wednesday, March 20th. BTIG Research upped their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a report on Friday, April 5th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. Finally, Benchmark reaffirmed a “buy” rating and set a $1,875.00 price objective on shares of MicroStrategy in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,678.75.

MicroStrategy Stock Up 3.7 %

Shares of MicroStrategy stock opened at $1,268.81 on Tuesday. The company has a 50-day simple moving average of $1,396.42 and a two-hundred day simple moving average of $842.47. The stock has a market capitalization of $21.53 billion, a PE ratio of -189.37 and a beta of 3.00. MicroStrategy Incorporated has a 52-week low of $266.00 and a 52-week high of $1,999.99. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78.

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

Insider Buying and Selling at MicroStrategy

In other news, Chairman Michael J. Saylor sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $491.32, for a total transaction of $2,456,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $491.32, for a total transaction of $2,456,600.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jarrod M. Patten sold 400 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $638.39, for a total transaction of $255,356.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,452 shares of company stock worth $112,675,447. Insiders own 13.18% of the company’s stock.

MicroStrategy 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.