MicroStrategy Incorporated (NASDAQ:MSTR) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 15.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,747 shares of the software maker’s stock after purchasing an additional 9,268 shares during the quarter. Royal London Asset Management Ltd.’s holdings in MicroStrategy were worth $19,911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSTR. Riverview Trust Co purchased a new position in shares of MicroStrategy during the fourth quarter worth approximately $25,000. IAG Wealth Partners LLC purchased a new position in shares of MicroStrategy during the fourth quarter worth approximately $25,000. Parkside Financial Bank & Trust grew its position in shares of MicroStrategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after acquiring an additional 76 shares during the last quarter. Aspect Partners LLC purchased a new position in shares of MicroStrategy during the fourth quarter worth approximately $28,000. Finally, Private Wealth Management Group LLC grew its position in MicroStrategy by 208.8% in the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after buying an additional 71 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MSTR shares. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. TD Cowen lifted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective on the stock. Cantor Fitzgerald lifted their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $536.90.

MicroStrategy Trading Up 0.6 %

NASDAQ:MSTR opened at $304.00 on Friday. The company has a market capitalization of $78.24 billion, a PE ratio of -53.97 and a beta of 3.36. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The stock has a fifty day simple moving average of $317.11 and a 200-day simple moving average of $286.69.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

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.