Dillon & Associates Inc. Acquires New Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Dillon & Associates Inc. acquired a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, Holdings Channel reports. The firm acquired 1,060 shares of the software maker’s stock, valued at approximately $307,000.

A number of other hedge funds have also made changes to their positions in the stock. Horrell Capital Management Inc. acquired a new position in shares of MicroStrategy during the fourth quarter valued at approximately $31,000. Blueprint Investment Partners LLC acquired a new position in shares of MicroStrategy during the fourth quarter valued at approximately $636,000. Optimum Investment Advisors acquired a new position in MicroStrategy in the fourth quarter worth approximately $58,000. KLP Kapitalforvaltning AS acquired a new position in MicroStrategy in the fourth quarter worth approximately $17,696,000. Finally, Sei Investments Co. grew its position in MicroStrategy by 39.3% in the fourth quarter. Sei Investments Co. now owns 11,972 shares of the software maker’s stock worth $3,468,000 after buying an additional 3,376 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on MSTR. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Barclays decreased 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. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. TD Cowen lifted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Maxim Group lifted their price target 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. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $536.90.

MicroStrategy Trading Up 0.6 %

MicroStrategy stock opened at $304.00 on Monday. The company has a 50 day moving average price of $317.11 and a 200 day moving average price of $288.99. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The firm has a market capitalization of $78.24 billion, a price-to-earnings ratio of -53.97 and a beta of 3.36.

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

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.