ING Groep NV Invests $1.32 Million in MicroStrategy Incorporated (NASDAQ:MSTR)

ING Groep NV purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,557 shares of the software maker’s stock, valued at approximately $1,320,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aspect Partners LLC purchased a new position in shares of MicroStrategy during the 4th quarter worth approximately $28,000. Private Wealth Management Group LLC boosted its position in shares of MicroStrategy by 208.8% during the fourth 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 in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in MicroStrategy in the fourth quarter worth $32,000. Activest Wealth Management bought a new position in MicroStrategy in the fourth quarter worth $33,000. Finally, SOA Wealth Advisors LLC. purchased a new position in MicroStrategy during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

MicroStrategy Stock Down 7.5 %

MicroStrategy stock opened at $299.69 on Monday. MicroStrategy Incorporated has a 12 month low of $67.81 and a 12 month high of $543.00. The stock has a fifty day simple moving average of $342.30 and a two-hundred day simple moving average of $269.01. 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 firm has a market cap of $71.82 billion, a price-to-earnings ratio of -53.20 and a beta of 3.25.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price on the stock. Maxim Group raised their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Mizuho assumed coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price for the company. Cantor Fitzgerald upped their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus price target of $536.90.

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.