Generali Asset Management SPA SGR Invests $10.97 Million in MicroStrategy Incorporated (NASDAQ:MSTR)

Generali Asset Management SPA SGR bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 37,866 shares of the software maker’s stock, valued at approximately $10,967,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans grew its position in MicroStrategy by 118.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 11,794 shares of the software maker’s stock worth $3,688,000 after acquiring an additional 6,384 shares in the last quarter. Tejara Capital Ltd bought a new position in MicroStrategy in the fourth quarter worth approximately $290,000. Axxcess Wealth Management LLC increased its position in shares of MicroStrategy by 215.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 6,310 shares of the software maker’s stock worth $1,828,000 after purchasing an additional 4,310 shares in the last quarter. Argent Advisors Inc. acquired a new position in shares of MicroStrategy during the fourth quarter worth $2,462,000. Finally, Signaturefd LLC increased its position in shares of MicroStrategy by 297.8% in the 4th quarter. Signaturefd LLC now owns 2,494 shares of the software maker’s stock valued at $722,000 after acquiring an additional 1,867 shares during the period. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Trading Down 1.1 %

Shares of MicroStrategy stock opened at $294.27 on Tuesday. The business has a fifty day simple moving average of $319.90 and a two-hundred day simple moving average of $284.19. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The company has a market capitalization of $75.73 billion, a price-to-earnings ratio of -52.24 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MSTR shares. Maxim Group increased their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. BTIG Research increased their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Cantor Fitzgerald lifted their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. TD Cowen lifted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock 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.