Mitsubishi UFJ Trust & Banking Corp Has $23.53 Million Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Mitsubishi UFJ Trust & Banking Corp raised its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 13.7% in the 4th quarter, HoldingsChannel reports. The fund owned 81,233 shares of the software maker’s stock after acquiring an additional 9,809 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in MicroStrategy were worth $23,527,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Florida Financial Advisors LLC bought a new position in MicroStrategy during the 4th quarter worth approximately $292,000. Meiji Yasuda Asset Management Co Ltd. raised its stake in MicroStrategy by 14.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,510 shares of the software maker’s stock worth $727,000 after buying an additional 310 shares during the period. Prudential Financial Inc. lifted its holdings in shares of MicroStrategy by 3.1% in the 4th quarter. Prudential Financial Inc. now owns 7,865 shares of the software maker’s stock worth $2,278,000 after purchasing an additional 240 shares in the last quarter. Corebridge Financial Inc. lifted its stake in shares of MicroStrategy by 926.8% in the fourth quarter. Corebridge Financial Inc. now owns 13,164 shares of the software maker’s stock valued at $3,813,000 after buying an additional 11,882 shares in the last quarter. Finally, Dillon & Associates Inc. bought a new position in MicroStrategy in the 4th quarter valued at about $307,000. 59.84% of the stock is owned by institutional investors.

Insider Transactions at MicroStrategy

In other news, EVP Wei-Ming Shao purchased 500 shares of MicroStrategy stock in a transaction dated Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the transaction, the executive vice president now directly owns 500 shares of the company’s stock, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andrew Kang purchased 1,500 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the acquisition, the chief financial officer now owns 1,500 shares of the company’s stock, valued at approximately $127,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. Insiders own 9.16% of the company’s stock.

MicroStrategy Price Performance

MicroStrategy stock opened at $324.59 on Friday. The firm has a market capitalization of $83.53 billion, a P/E ratio of -57.62 and a beta of 3.36. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The business has a fifty day moving average price of $315.78 and a 200-day moving average price of $292.60.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data 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 return on equity of 19.01% and a negative net margin of 251.73%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Barclays cut their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. Maxim Group upped their price objective on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Benchmark reissued a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Cantor Fitzgerald boosted their target price on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $536.90.

About MicroStrategy

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.