M&T Bank Corp Buys 1,026 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

M&T Bank Corp lifted its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,481 shares of the software maker’s stock after acquiring an additional 1,026 shares during the quarter. M&T Bank Corp’s holdings in MicroStrategy were worth $3,615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI boosted its position in MicroStrategy by 746.2% during the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after purchasing an additional 18,207 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in MicroStrategy during the fourth quarter valued at approximately $81,783,000. B. Riley Wealth Advisors Inc. acquired a new position in MicroStrategy during the third quarter valued at approximately $254,000. Clarity Capital Partners LLC boosted its position in MicroStrategy by 122.3% during the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock valued at $7,274,000 after purchasing an additional 13,817 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in MicroStrategy by 979.8% during the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 6,104 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MSTR. Cantor Fitzgerald increased their price target on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Benchmark reissued a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Barclays cut their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Mizuho started coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. One 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 company’s stock. Based on data from MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Price Performance

Shares of NASDAQ MSTR opened at $287.18 on Friday. The firm has a market cap of $73.91 billion, a P/E ratio of -50.98 and a beta of 3.36. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. The business’s 50 day moving average is $325.57 and its 200-day moving average is $277.72.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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%.

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.