Principal Financial Group Inc. lowered its holdings in MicroStrategy Incorporated (NASDAQ:MSTR – Free Report) by 11.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,160 shares of the software maker’s stock after selling 146 shares during the period. Principal Financial Group Inc.’s holdings in MicroStrategy were worth $381,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in MSTR. MRP Capital Investments LLC raised its position in shares of MicroStrategy by 278.1% during the third quarter. MRP Capital Investments LLC now owns 5,426 shares of the software maker’s stock worth $1,781,000 after purchasing an additional 3,991 shares during the period. Ingalls & Snyder LLC acquired a new position in shares of MicroStrategy in the third quarter worth about $286,000. Fifth Third Bancorp increased its position in shares of MicroStrategy by 168.1% in the third quarter. Fifth Third Bancorp now owns 3,662 shares of the software maker’s stock worth $1,202,000 after acquiring an additional 2,296 shares in the last quarter. GSG Advisors LLC acquired a new stake in shares of MicroStrategy during the third quarter valued at approximately $328,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of MicroStrategy by 20.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 739 shares of the software maker’s stock valued at $243,000 after acquiring an additional 128 shares in the last quarter. 49.44% of the stock is currently owned by institutional investors.
MicroStrategy Stock Performance
NASDAQ:MSTR opened at $717.52 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.75 and a debt-to-equity ratio of 1.01. The firm’s fifty day simple moving average is $560.45 and its 200 day simple moving average is $451.93. The firm has a market capitalization of $10.42 billion, a PE ratio of 25.46 and a beta of 2.61. MicroStrategy Incorporated has a 1 year low of $188.30 and a 1 year high of $727.77.
Insider Transactions at MicroStrategy
Wall Street Analyst Weigh In
MSTR has been the subject of a number of research analyst reports. TheStreet upgraded MicroStrategy from a “d+” rating to a “c-” rating in a report on Friday, November 17th. Canaccord Genuity Group upped their target price on MicroStrategy from $670.00 to $791.00 and gave the company a “buy” rating in a report on Thursday, December 28th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a report on Tuesday, January 9th. Finally, BTIG Research upped their price objective on shares of MicroStrategy from $560.00 to $690.00 and gave the company a “buy” rating in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating and four have assigned 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 an average price target of $607.75.
MicroStrategy Incorporated provides enterprise analytics software and services in the United States, Canada, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy, an enterprise analytics software platform that enables users to create visualizations, customize apps, and embed analytics directly into workflows; and MicroStrategy Cloud Environment, a managed software-as-a-service solution, which offers always-on threat monitoring and enables rapid analytics development and deployment to deliver security and data privacy requirements.
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