MicroStrategy Incorporated (MSTR) Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 14.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 307,599 shares of the software maker’s stock after buying an additional 39,999 shares during the period. Victory Capital Management Inc. owned approximately 2.68% of MicroStrategy worth $43,255,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MSTR. Acadian Asset Management LLC raised its stake in MicroStrategy by 100.7% during the third quarter. Acadian Asset Management LLC now owns 44,922 shares of the software maker’s stock valued at $6,315,000 after purchasing an additional 22,539 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in MicroStrategy during the third quarter valued at $12,082,000. Russell Investments Group Ltd. raised its stake in MicroStrategy by 154.4% during the third quarter. Russell Investments Group Ltd. now owns 55,778 shares of the software maker’s stock valued at $7,843,000 after purchasing an additional 33,856 shares in the last quarter. Bank of New York Mellon Corp raised its stake in MicroStrategy by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 119,719 shares of the software maker’s stock valued at $15,294,000 after purchasing an additional 2,938 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in MicroStrategy during the second quarter valued at $223,000. 75.49% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on the stock. ValuEngine raised shares of MicroStrategy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Zacks Investment Research downgraded shares of MicroStrategy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 27th. Finally, BidaskClub downgraded shares of MicroStrategy from a “buy” rating to a “hold” rating in a research note on Friday, September 28th.

Shares of MSTR opened at $128.28 on Friday. MicroStrategy Incorporated has a twelve month low of $120.26 and a twelve month high of $151.23. The firm has a market capitalization of $1.49 billion, a PE ratio of 24.02 and a beta of 0.63.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Thursday, October 25th. The software maker reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.22. MicroStrategy had a negative net margin of 1.39% and a positive return on equity of 5.51%. The business had revenue of $122.15 million for the quarter, compared to the consensus estimate of $126.61 million. As a group, sell-side analysts expect that MicroStrategy Incorporated will post 2.82 EPS for the current year.

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MicroStrategy Company Profile

MicroStrategy Incorporated provides enterprise software platforms worldwide. It offers MicroStrategy Analytics platform that delivers reports and dashboards, and enables users to conduct ad hoc analysis and share insights through mobile devices or the Web; MicroStrategy Server, which provides analytical processing and job management for various reporting, analysis, and monitoring applications; MicroStrategy Web, a primary reporting interface for analysts that offers interactive reporting, dashboarding, and analysis through a Web browser; and MicroStrategy Desktop, an on-premise and single-user tool for easy-to-use self-service visual data discovery.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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