State of Alaska Department of Revenue Cuts Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

State of Alaska Department of Revenue cut its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,215 shares of the software maker’s stock after selling 89 shares during the period. State of Alaska Department of Revenue’s holdings in MicroStrategy were worth $886,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Squarepoint Ops LLC grew its stake in shares of MicroStrategy by 147.4% during the 3rd quarter. Squarepoint Ops LLC now owns 11,917 shares of the software maker’s stock worth $1,768,000 after purchasing an additional 7,100 shares during the period. Mackay Shields LLC grew its stake in shares of MicroStrategy by 389.1% during the 3rd quarter. Mackay Shields LLC now owns 22,878 shares of the software maker’s stock worth $3,394,000 after purchasing an additional 18,200 shares during the period. Stifel Financial Corp grew its stake in shares of MicroStrategy by 2.7% during the 3rd quarter. Stifel Financial Corp now owns 17,650 shares of the software maker’s stock worth $2,619,000 after purchasing an additional 471 shares during the period. California State Teachers Retirement System grew its stake in shares of MicroStrategy by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 12,892 shares of the software maker’s stock worth $1,913,000 after purchasing an additional 154 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in shares of MicroStrategy by 3,819.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 69,250 shares of the software maker’s stock worth $9,925,000 after purchasing an additional 67,483 shares during the period. 73.92% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on the stock. BidaskClub raised shares of MicroStrategy from a “strong sell” rating to a “sell” rating in a research note on Thursday. ValuEngine cut shares of MicroStrategy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research cut shares of MicroStrategy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 1st.

NASDAQ:MSTR opened at $146.74 on Friday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.20. MicroStrategy Incorporated has a fifty-two week low of $120.50 and a fifty-two week high of $158.90. The stock has a market cap of $1.51 billion, a PE ratio of 444.61 and a beta of 0.54. The firm’s fifty day simple moving average is $146.25 and its 200-day simple moving average is $143.01.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.28. MicroStrategy had a net margin of 5.26% and a return on equity of 0.73%. The business had revenue of $119.69 million for the quarter, compared to analysts’ expectations of $123.02 million. During the same period in the prior year, the company posted $0.83 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities analysts anticipate that MicroStrategy Incorporated will post 0.91 earnings per share for the current year.

MicroStrategy Company Profile

MicroStrategy Incorporated provides enterprise analytics and mobility software platforms worldwide. It offers MicroStrategy Consulting that provides customers with assessment, advisory, architecture, and deployment services to guide their customers in defining, developing, and delivering business analytics solutions for their enterprises across various industries; and MicroStrategy Education, which consists of classroom-based courses, instructor-led courses, recorded courses, self-paced e-learning modules, customer on-site training, and enterprise E-Courseware options for large organizations in various languages.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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