Principal Financial Group Inc. Sells 17,963 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Principal Financial Group Inc. decreased its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 38.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,520 shares of the software maker’s stock after selling 17,963 shares during the quarter. Principal Financial Group Inc.’s holdings in MicroStrategy were worth $8,260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of MSTR. Capital Performance Advisors LLP purchased a new position in MicroStrategy during the 3rd quarter valued at about $27,000. Sunbelt Securities Inc. lifted its holdings in shares of MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after buying an additional 144 shares during the period. Private Wealth Management Group LLC grew its stake in shares of MicroStrategy by 208.8% during the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after purchasing an additional 71 shares during the period. Darwin Wealth Management LLC purchased a new stake in MicroStrategy during the third quarter valued at approximately $32,000. Finally, Compagnie Lombard Odier SCmA bought a new position in MicroStrategy in the 4th quarter worth $32,000. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Stock Up 6.4 %

NASDAQ:MSTR opened at $255.48 on Friday. The company’s 50 day moving average is $331.44 and its two-hundred day moving average is $272.40. 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 company has a market cap of $61.23 billion, a PE ratio of -45.35 and a beta of 3.25. MicroStrategy Incorporated has a twelve month low of $96.04 and a twelve month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MSTR. Canaccord Genuity Group reduced their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Barclays cut their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. BTIG Research increased their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target on the stock. Finally, Mizuho assumed coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price for the company. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate 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.