Fisher Asset Management LLC Invests $904,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

Fisher Asset Management LLC purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,122 shares of the software maker’s stock, valued at approximately $904,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. National Bank of Canada FI grew its holdings in shares of MicroStrategy by 746.2% during the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after buying an additional 18,207 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of MicroStrategy in the fourth quarter worth approximately $81,783,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of MicroStrategy in the third quarter worth approximately $254,000. Clarity Capital Partners LLC boosted its position in shares of MicroStrategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after acquiring an additional 13,817 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of MicroStrategy by 979.8% in the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $1,134,000 after acquiring an additional 6,104 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

MicroStrategy Trading Up 12.1 %

Shares of MSTR stock opened at $308.55 on Thursday. The firm’s 50 day moving average price is $328.15 and its two-hundred day moving average price is $275.23. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The stock has a market cap of $79.41 billion, a price-to-earnings ratio of -54.78 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Analysts Set New Price Targets

MSTR has been the topic of several research analyst reports. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Cantor Fitzgerald raised their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Maxim Group raised their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Barclays reduced their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, MicroStrategy presently has an average rating of “Moderate Buy” and a consensus target price of $536.90.

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.