Principal Financial Group Inc. lowered its shareholdings in MicroStrategy Incorporated (NASDAQ: MSTR) shares by 0.9% in the first quarter, according to the company in its latest release to the SEC. The institutional investor had 72,140 shares in the software maker's software file after selling 620 shares in the quarter. Principal Financial Group Inc. owned about 0.63% of MicroStrategy worth $ 9,305,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also changed their holdings to the company. Royal Bank of Canada expanded its position in MicroStrategy shares by 525.3% in the first quarter. Royal Bank of Canada now holds 1,238 shares from the software maker's stock of $ 160,000 after buying 1,040 additional shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in MicroStrategy shares worth approximately $ 346,000 in the first quarter. MetLife Investment Advisors LLC acquired a new position in MicroStrategy shares worth approximately $ 603,000 in the fourth quarter. Balter Liquid Alternatives LLC acquired a new position in MicroStrategy shares worth approximately $ 635,000 in the first quarter. Finally, Clearline Capital LP expanded its position in MicroStrategy shares by 45.1% in the 1st quarter. Clearline Capital LP now owns 9,034 shares of the software maker's stock worth $ 1,165,000 after the purchase of 2,808 additional shares during the period. 74.42% of the shares are currently held by hedge funds and other institutional investors.
Stocks of MicroStrategy shares fell $ 0.56 on Thursday and reached $ 141.00. 2,890 shares of the company were traded compared to the average volume of 97,580. MicroStrategy Incorporated has a lowest point in one year of $ 122.16 and a highest in one year of $ 143.81. The stock has a market capitalization of $ 1.62 billion, a P / E ratio of 26.40 and a beta of 0.63.
MicroStrategy (NASDAQ: MSTR) last released the quarterly results on Thursday 26 July. The software producer reported $ 0.42 per share (EPS) for the quarter, above analysts' consensus estimates of $ 0.25 with $ 0.27. MicroStrategy had a positive return on equity of 6.93% and a negative net margin of 0.35%. The company had sales of $ 120.60 million for the quarter compared with analysts' expectations of $ 122.06 million. During the same quarter of the previous year, the company recorded $ 0.96 EPS. The company's turnover increased by 1.2% compared to the same quarter last year. analysts predict that MicroStrategy Incorporated will book 1.42 earnings per share for the current fiscal year.
MSTR has been the subject of various reports from research analysts. Zacks Investment Research has upgraded MicroStrategy from a "wait" rating to a "buy" rating and set a $ 143.00 price target for the company in a research report on Wednesday, May 2. BidaskClub has upgraded MicroStrategy from a "hold" classification to a "buy" score in a study letter on Wednesday, June 20. Finally, ValuEngine has upgraded MicroStrategy from a "sell" classification to a "hold" rating in a research note on Tuesday, July 31. Three equity research analysts have rated the shares with a hold rating, two have been awarded a buy-rating and one has a strong buy-rating assigned to the company's shares. The stock currently has an average rating of & # 39; Buy & # 39; and an average target price of $ 158.75.
MicroStrategy Company profile
MicroStrategy Incorporated provides enterprise software platforms around the world. It provides MicroStrategy Analytics platform that delivers reports and dashboards, and allows users to perform ad hoc analyzes and share insights via mobile devices or the web; MicroStrategy Server, which provides analytical processing and task management for various reporting, analysis and monitoring applications; MicroStrategy Web, a primary reporting interface for analysts providing interactive reporting, dashboarding and analysis via 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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