State Board of Administration of Florida Retirement System Has $588,000 Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

State Board of Administration of Florida Retirement System grew its position in shares of MicroStrategy Incorporated (NASDAQ:MSTRGet Rating) by 8.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,576 shares of the software maker’s stock after acquiring an additional 270 shares during the period. State Board of Administration of Florida Retirement System’s holdings in MicroStrategy were worth $588,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of MicroStrategy by 230.0% during the 2nd quarter. US Bancorp DE now owns 198 shares of the software maker’s stock valued at $33,000 after buying an additional 138 shares during the last quarter. Elequin Capital LP acquired a new stake in shares of MicroStrategy during the 1st quarter valued at about $46,000. Fifth Third Bancorp lifted its holdings in MicroStrategy by 134.4% in the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the software maker’s stock worth $47,000 after purchasing an additional 164 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in MicroStrategy by 100.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 100 shares of the software maker’s stock worth $49,000 after purchasing an additional 50 shares during the last quarter. Finally, CWM LLC boosted its position in MicroStrategy by 20.7% during the second quarter. CWM LLC now owns 332 shares of the software maker’s stock worth $55,000 after purchasing an additional 57 shares during the period. 55.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MSTR shares. Jefferies Financial Group decreased their target price on MicroStrategy from $175.00 to $140.00 and set an “underperform” rating for the company in a research report on Thursday, November 10th. Canaccord Genuity Group decreased their target price on MicroStrategy from $453.00 to $372.00 in a research report on Thursday, August 4th.

MicroStrategy Stock Down 2.2 %

Shares of MicroStrategy stock opened at $170.12 on Friday. MicroStrategy Incorporated has a 12-month low of $134.09 and a 12-month high of $743.99. The stock has a market capitalization of $1.93 billion, a P/E ratio of -1.46 and a beta of 2.23. The stock has a 50 day moving average price of $221.06 and a two-hundred day moving average price of $231.56. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.74.

MicroStrategy Profile

(Get Rating)

MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security.

Further Reading

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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