Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 22.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,719 shares of the software maker’s stock after purchasing an additional 7,200 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in MicroStrategy were worth $11,214,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after buying an additional 2,512,645 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in MicroStrategy by 971.3% during 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 worth $107,855,000 after acquiring an additional 579,994 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in MicroStrategy by 587.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after acquiring an additional 567,628 shares in the last quarter. Swiss National Bank raised its holdings in MicroStrategy by 904.7% in the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after acquiring an additional 421,600 shares during the last quarter. Finally, Amundi raised its holdings in MicroStrategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after acquiring an additional 413,028 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Benchmark restated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. TD Cowen raised their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Cantor Fitzgerald upped their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Price Performance

MicroStrategy stock opened at $262.55 on Thursday. The company’s 50 day simple moving average is $323.17 and its 200-day simple moving average is $280.08. 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 1 year low of $101.00 and a 1 year high of $543.00. The company has a market capitalization of $67.57 billion, a price-to-earnings ratio of -46.61 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last announced 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.