M&T Bank Corp Buys 1,026 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

M&T Bank Corp boosted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 9.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,481 shares of the software maker’s stock after acquiring an additional 1,026 shares during the period. M&T Bank Corp’s holdings in MicroStrategy were worth $3,615,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new position in MicroStrategy during the 4th quarter worth $25,000. Parkside Financial Bank & Trust increased its stake in MicroStrategy by 422.2% during the 4th 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 period. Aspect Partners LLC bought a new position in MicroStrategy during the 4th quarter worth $28,000. Private Wealth Management Group LLC increased its stake in MicroStrategy by 208.8% during the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock worth $30,000 after acquiring an additional 71 shares during the period. Finally, Compagnie Lombard Odier SCmA bought a new position in MicroStrategy during the 4th quarter worth $32,000. Institutional investors own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group decreased their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Cantor Fitzgerald lifted their price target on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Benchmark reiterated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Finally, BTIG Research lifted their price target on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Trading Down 5.6 %

NASDAQ MSTR opened at $287.18 on Friday. 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 twelve month low of $101.00 and a twelve month high of $543.00. The company has a market cap of $73.91 billion, a price-to-earnings ratio of -50.98 and a beta of 3.36. The business’s fifty day moving average is $325.57 and its 200 day moving average is $277.72.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data 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 net margin of 251.73% and a negative return on equity of 19.01%.

MicroStrategy Company 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.