MicroStrategy Incorporated (MSTR) Holdings Lowered by Man Group plc

Man Group plc reduced its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 11.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 191,086 shares of the software maker’s stock after selling 23,886 shares during the quarter. Man Group plc owned approximately 1.67% of MicroStrategy worth $26,870,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of MicroStrategy by 1.1% during the second quarter. BlackRock Inc. now owns 1,566,943 shares of the software maker’s stock worth $200,179,000 after purchasing an additional 16,874 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of MicroStrategy by 100.7% during the third quarter. Acadian Asset Management LLC now owns 44,922 shares of the software maker’s stock worth $6,315,000 after purchasing an additional 22,539 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of MicroStrategy by 4.9% during the second quarter. Renaissance Technologies LLC now owns 141,800 shares of the software maker’s stock worth $18,115,000 after purchasing an additional 6,600 shares during the period. Clearline Capital LP boosted its holdings in shares of MicroStrategy by 176.2% during the second quarter. Clearline Capital LP now owns 24,952 shares of the software maker’s stock worth $3,188,000 after purchasing an additional 15,918 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of MicroStrategy during the third quarter worth approximately $12,082,000. Institutional investors and hedge funds own 75.11% of the company’s stock.

MSTR opened at $126.92 on Friday. MicroStrategy Incorporated has a fifty-two week low of $120.26 and a fifty-two week high of $151.23. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 43.02 and a beta of 0.61.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Thursday, October 25th. The software maker reported $0.83 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $122.15 million for the quarter, compared to the consensus estimate of $126.61 million. Equities analysts forecast that MicroStrategy Incorporated will post 2.82 EPS for the current fiscal year.

Several analysts recently commented on MSTR shares. ValuEngine upgraded shares of MicroStrategy from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. BidaskClub raised shares of MicroStrategy from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Investment Research lowered shares of MicroStrategy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 27th.

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MicroStrategy 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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