Partners Wealth Management LLC Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Partners Wealth Management LLC bought a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,940 shares of the software maker’s stock, valued at approximately $2,010,000. MicroStrategy comprises 2.3% of Partners Wealth Management LLC’s investment portfolio, making the stock its 9th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in the company. GPS Wealth Strategies Group LLC lifted its holdings in shares of MicroStrategy by 3.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after purchasing an additional 35 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after purchasing an additional 39 shares during the last quarter. Masso Torrence Wealth Management Inc. lifted its holdings in shares of MicroStrategy by 1.8% in the 4th quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock valued at $885,000 after purchasing an additional 55 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of MicroStrategy by 3.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock valued at $603,000 after purchasing an additional 65 shares during the last quarter. Finally, Means Investment CO. Inc. lifted its holdings in shares of MicroStrategy by 2.2% in the 4th quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock valued at $915,000 after purchasing an additional 67 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on MSTR shares. Canaccord Genuity Group reduced their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective for the company. Mizuho assumed coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective for the company. Finally, Maxim Group increased their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Stock Down 7.5 %

MSTR opened at $299.69 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The business has a 50 day simple moving average of $342.30 and a 200-day simple moving average of $269.01. The stock has a market capitalization of $71.82 billion, a P/E ratio of -53.20 and a beta of 3.25. MicroStrategy Incorporated has a 12 month low of $67.81 and a 12 month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate 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.