Principal Securities Inc. Has $351,000 Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Principal Securities Inc. increased its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 131.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,211 shares of the software maker’s stock after buying an additional 688 shares during the period. Principal Securities Inc.’s holdings in MicroStrategy were worth $351,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MSTR. Allspring Global Investments Holdings LLC lifted its holdings in MicroStrategy by 820.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 359 shares of the software maker’s stock worth $61,000 after acquiring an additional 320 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of MicroStrategy by 1,537.2% during the third quarter. Sequoia Financial Advisors LLC now owns 4,846 shares of the software maker’s stock worth $817,000 after purchasing an additional 4,550 shares during the period. Signaturefd LLC lifted its holdings in shares of MicroStrategy by 1,154.0% during the 3rd quarter. Signaturefd LLC now owns 627 shares of the software maker’s stock valued at $106,000 after purchasing an additional 577 shares in the last quarter. Private Advisor Group LLC grew its position in shares of MicroStrategy by 1,579.6% in the 3rd quarter. Private Advisor Group LLC now owns 26,101 shares of the software maker’s stock valued at $4,401,000 after purchasing an additional 24,547 shares during the period. Finally, Greenleaf Trust acquired a new position in shares of MicroStrategy in the 3rd quarter valued at approximately $212,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MSTR has been the topic of several research analyst reports. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Mizuho assumed coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective on the stock. Canaccord Genuity Group reduced their target price 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. Cantor Fitzgerald increased their target price on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods started 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. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Trading Down 7.5 %

NASDAQ MSTR opened at $299.69 on Friday. MicroStrategy Incorporated has a 12 month low of $67.81 and a 12 month high of $543.00. 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 has a 50 day moving average of $342.30 and a 200-day moving average of $268.00. The company has a market cap of $71.82 billion, a PE ratio of -53.20 and a beta of 3.25.

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

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.