Comerica Bank trimmed its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 8.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,135 shares of the software maker’s stock after selling 813 shares during the quarter. Comerica Bank owned approximately 0.08% of MicroStrategy worth $1,159,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of MSTR. Investec Asset Management LTD acquired a new position in shares of MicroStrategy in the second quarter worth approximately $16,584,000. Assenagon Asset Management S.A. acquired a new position in shares of MicroStrategy in the third quarter worth approximately $12,082,000. Victory Capital Management Inc. lifted its stake in shares of MicroStrategy by 14.9% in the third quarter. Victory Capital Management Inc. now owns 307,599 shares of the software maker’s stock worth $43,255,000 after acquiring an additional 39,999 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of MicroStrategy by 154.4% in the third quarter. Russell Investments Group Ltd. now owns 55,778 shares of the software maker’s stock worth $7,843,000 after acquiring an additional 33,856 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of MicroStrategy by 100.7% in the third quarter. Acadian Asset Management LLC now owns 44,922 shares of the software maker’s stock worth $6,315,000 after acquiring an additional 22,539 shares during the period. 75.11% of the stock is currently owned by institutional investors.
MSTR has been the subject of a number of research analyst reports. ValuEngine upgraded MicroStrategy from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. BidaskClub upgraded MicroStrategy from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Finally, Zacks Investment Research downgraded MicroStrategy from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 27th.
Shares of MSTR stock opened at $127.58 on Friday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 23.89 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 issued its earnings results on Thursday, October 25th. The software maker reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate 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%. On average, equities analysts anticipate that MicroStrategy Incorporated will post 2.82 EPS 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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