Teacher Retirement System of Texas Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Teacher Retirement System of Texas purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 54,453 shares of the software maker’s stock, valued at approximately $15,771,000.

Other large investors have also recently bought and sold shares of the company. Riverview Trust Co acquired a new position in MicroStrategy during the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new position in MicroStrategy during the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. boosted its position in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after acquiring an additional 144 shares during the last quarter. Parkside Financial Bank & Trust boosted its position 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 last quarter. Finally, Aspect Partners LLC acquired a new position in MicroStrategy during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Trading Up 0.6 %

Shares of MicroStrategy stock opened at $304.00 on Friday. The business has a fifty day simple moving average of $317.11 and a two-hundred day simple moving average of $286.69. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The company has a market capitalization of $78.24 billion, a price-to-earnings ratio of -53.97 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last posted 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 return on equity of 19.01% and a negative net margin of 251.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. Maxim Group increased their price objective on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Canaccord Genuity Group cut their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Mizuho initiated coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Finally, Monness Crespi & Hardt initiated coverage on MicroStrategy in a report on Wednesday. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, MicroStrategy has a consensus rating of “Buy” and a consensus price target of $536.90.

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.