Raymond James & Associates Has $1.74 Million Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Raymond James & Associates decreased its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTRGet Rating) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,214 shares of the software maker’s stock after selling 199 shares during the quarter. Raymond James & Associates owned 0.07% of MicroStrategy worth $1,744,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MSTR. Vanguard Group Inc. grew its holdings in shares of MicroStrategy by 36.4% during the first quarter. Vanguard Group Inc. now owns 888,222 shares of the software maker’s stock worth $431,960,000 after purchasing an additional 237,109 shares during the last quarter. Capital World Investors grew its holdings in shares of MicroStrategy by 5.9% during the first quarter. Capital World Investors now owns 622,941 shares of the software maker’s stock worth $302,949,000 after purchasing an additional 34,945 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of MicroStrategy by 362.9% during the second quarter. Renaissance Technologies LLC now owns 399,500 shares of the software maker’s stock worth $65,638,000 after purchasing an additional 313,200 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of MicroStrategy by 31.9% during the first quarter. First Trust Advisors LP now owns 226,800 shares of the software maker’s stock worth $110,297,000 after purchasing an additional 54,911 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of MicroStrategy by 4.3% during the first quarter. Northern Trust Corp now owns 93,709 shares of the software maker’s stock worth $45,573,000 after purchasing an additional 3,881 shares during the last quarter. Institutional investors and hedge funds own 51.75% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reduced their price target on MicroStrategy from $140.00 to $110.00 in a report on Thursday, December 29th.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $247.50 on Wednesday. MicroStrategy Incorporated has a fifty-two week low of $132.56 and a fifty-two week high of $522.80. The company has a 50 day simple moving average of $184.83 and a two-hundred day simple moving average of $224.57. The company has a market capitalization of $2.80 billion, a PE ratio of -2.13 and a beta of 2.19.

MicroStrategy (NASDAQ:MSTRGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The software maker reported ($0.96) earnings per share for the quarter, missing the consensus estimate of $0.94 by ($1.90). MicroStrategy had a negative return on equity of 348.42% and a negative net margin of 261.38%. The firm had revenue of $125.36 million for the quarter, compared to analyst estimates of $125.30 million. Research analysts predict that MicroStrategy Incorporated will post -26.47 EPS for the current year.

MicroStrategy Company Profile

(Get Rating)

MicroStrategy, Inc engages in the provision of enterprise analytics and mobility software. The firm designs, develops, markets, and sells software platform through licensing arrangements and cloud-based subscriptions and related services. Its product packages include Hyper.Now, Consumer User Bundle, and Power User Bundle.

Read More

Want to see what other hedge funds are holding MSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MicroStrategy Incorporated (NASDAQ:MSTRGet Rating).

Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

Receive News & Ratings for MicroStrategy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroStrategy and related companies with MarketBeat.com's FREE daily email newsletter.