Hsbc Holdings PLC trimmed its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 30.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,839 shares of the software maker’s stock after selling 20,693 shares during the period. Hsbc Holdings PLC owned 0.42% of MicroStrategy worth $6,727,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Investec Asset Management LTD acquired a new position in MicroStrategy during the 2nd quarter valued at about $16,584,000. Assenagon Asset Management S.A. acquired a new position in MicroStrategy during the 3rd quarter valued at about $12,082,000. JPMorgan Chase & Co. increased its position in MicroStrategy by 16.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 558,587 shares of the software maker’s stock valued at $78,549,000 after buying an additional 78,253 shares in the last quarter. Victory Capital Management Inc. increased its position in MicroStrategy by 14.9% during the 3rd quarter. Victory Capital Management Inc. now owns 307,599 shares of the software maker’s stock valued at $43,255,000 after buying an additional 39,999 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in MicroStrategy by 154.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 55,778 shares of the software maker’s stock valued at $7,843,000 after buying an additional 33,856 shares in the last quarter. 75.11% of the stock is owned by hedge funds and other institutional investors.
MSTR has been the topic of several recent analyst reports. Zacks Investment Research raised MicroStrategy from a “hold” rating to a “strong-buy” rating and set a $140.00 target price on the stock in a research report on Wednesday, October 31st. BidaskClub upgraded MicroStrategy from a “hold” rating to a “buy” rating in a research note on Friday, August 10th. Finally, ValuEngine upgraded MicroStrategy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th.
MicroStrategy stock opened at $127.65 on Friday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 23.90 and a beta of 0.61. MicroStrategy Incorporated has a fifty-two week low of $120.26 and a fifty-two week high of $151.23.
MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Thursday, October 25th. The software maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.22. The business had revenue of $122.15 million during the quarter, compared to the consensus estimate of $126.61 million. MicroStrategy had a positive return on equity of 5.51% and a negative net margin of 1.39%. As a group, equities research analysts forecast that MicroStrategy Incorporated will post 2.82 earnings per share for the current year.
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MicroStrategy Incorporated provides enterprise software platforms worldwide. It offers MicroStrategy Analytics platform that delivers reports and dashboards, and enables users to conduct ad hoc analysis and share insights through mobile devices or the Web; MicroStrategy Server, which provides analytical processing and job management for various reporting, analysis, and monitoring applications; MicroStrategy Web, a primary reporting interface for analysts that offers interactive reporting, dashboarding, and analysis through a Web browser; and MicroStrategy Desktop, an on-premise and single-user tool for easy-to-use self-service visual data discovery.
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