Candriam S.C.A. Purchases 3,573 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Candriam S.C.A. raised its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 42.1% in the fourth quarter, HoldingsChannel reports. The fund owned 12,065 shares of the software maker’s stock after acquiring an additional 3,573 shares during the period. Candriam S.C.A.’s holdings in MicroStrategy were worth $3,494,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after buying an additional 2,512,645 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of MicroStrategy by 971.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after buying an additional 579,994 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of MicroStrategy by 587.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after buying an additional 567,628 shares during the period. Swiss National Bank boosted its stake in shares of MicroStrategy by 904.7% in the third quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after buying an additional 421,600 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of MicroStrategy by 1,077.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock valued at $57,857,000 after buying an additional 314,007 shares during the period. Institutional investors own 59.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Mizuho assumed coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. TD Cowen boosted their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Canaccord Genuity Group cut their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Cantor Fitzgerald boosted their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Barclays lowered their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, MicroStrategy has an average rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Stock Down 5.6 %

Shares of NASDAQ:MSTR opened at $287.18 on Friday. The company has a fifty day moving average of $325.57 and a 200-day moving average of $277.72. The company has a market capitalization of $73.91 billion, a PE ratio of -50.98 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00.

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

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.