Harvest Fund Management Co. Ltd Buys 10,314 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Harvest Fund Management Co. Ltd grew its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 2,261.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,770 shares of the software maker’s stock after acquiring an additional 10,314 shares during the period. Harvest Fund Management Co. Ltd’s holdings in MicroStrategy were worth $3,119,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Riverview Trust Co bought a new position in shares of MicroStrategy in the 4th quarter valued at about $25,000. IAG Wealth Partners LLC bought a new position in shares of MicroStrategy in the 4th quarter valued at about $25,000. Parkside Financial Bank & Trust grew its holdings in shares of MicroStrategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after acquiring an additional 76 shares in the last quarter. Aspect Partners LLC bought a new position in shares of MicroStrategy in the 4th quarter valued at about $28,000. Finally, Private Wealth Management Group LLC grew its holdings in shares of MicroStrategy by 208.8% in the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after acquiring an additional 71 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Trading Down 3.8 %

Shares of MSTR stock opened at $283.19 on Wednesday. The firm has a 50 day moving average price of $318.73 and a two-hundred day moving average price of $285.25. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $72.88 billion, a PE ratio of -50.27 and a beta of 3.36. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MSTR. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Benchmark reiterated a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Canaccord Genuity Group cut 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. Mizuho assumed coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. Finally, Barclays cut their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, MicroStrategy has a consensus rating of “Buy” and an average 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.