4,557 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Purchased by ING Groep NV

ING Groep NV purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,557 shares of the software maker’s stock, valued at approximately $1,320,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP purchased a new position in MicroStrategy during the third quarter valued at $27,000. Sunbelt Securities Inc. grew its position in shares of MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after purchasing an additional 144 shares in the last quarter. Aspect Partners LLC bought a new stake in shares of MicroStrategy in the fourth quarter worth about $28,000. Private Wealth Management Group LLC lifted its position in shares of MicroStrategy by 208.8% in the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock worth $30,000 after buying an additional 71 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in MicroStrategy during the third quarter valued at approximately $32,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

MicroStrategy Stock Performance

Shares of MicroStrategy stock opened at $299.69 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average price is $342.30 and its 200-day moving average price is $269.01. The firm has a market cap 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 announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Cantor Fitzgerald increased their target price on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Benchmark reissued a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Canaccord Genuity Group dropped their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Maxim Group increased their price target on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and an average target price of $536.90.

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.