MetLife Investment Advisors LLC Trims Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

MetLife Investment Advisors LLC reduced its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 15.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,569 shares of the software maker’s stock after selling 653 shares during the quarter. MetLife Investment Advisors LLC’s holdings in MicroStrategy were worth $515,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of MSTR. Public Employees Retirement System of Ohio boosted its position in MicroStrategy by 48.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 253 shares of the software maker’s stock valued at $32,000 after buying an additional 82 shares during the last quarter. Pearl River Capital LLC purchased a new stake in MicroStrategy in the 1st quarter worth approximately $58,000. PNC Financial Services Group Inc. boosted its position in MicroStrategy by 40.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 658 shares of the software maker’s stock worth $84,000 after purchasing an additional 190 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in MicroStrategy in the 1st quarter worth approximately $201,000. Finally, ETRADE Capital Management LLC purchased a new stake in MicroStrategy in the 4th quarter worth approximately $248,000. 74.09% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have commented on MSTR shares. ValuEngine lowered Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, July 8th. Zacks Investment Research lowered Farmland Partners from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Finally, BidaskClub raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday, July 12th.

Shares of MSTR stock traded up $0.15 during trading hours on Thursday, hitting $122.66. 109,700 shares of the company’s stock were exchanged, compared to its average volume of 114,618. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 72.15 and a beta of 0.65. The business’s 50 day moving average price is $135.67. MicroStrategy Incorporated has a fifty-two week low of $115.50 and a fifty-two week high of $152.38.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Tuesday, April 30th. The software maker reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.98). MicroStrategy had a return on equity of 1.73% and a net margin of 2.64%. The business had revenue of $115.40 million for the quarter, compared to analyst estimates of $123.46 million. During the same period in the previous year, the company earned $0.15 earnings per share. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. On average, equities analysts predict that MicroStrategy Incorporated will post 0.84 earnings per share for the current year.

About MicroStrategy

MicroStrategy Incorporated provides enterprise analytics and mobility software platforms worldwide. It offers MicroStrategy Consulting that provides customers with assessment, advisory, architecture, and deployment services to guide their customers in defining, developing, and delivering business analytics solutions for their enterprises across various industries; and MicroStrategy Education, which consists of classroom-based courses, instructor-led courses, recorded courses, self-paced e-learning modules, customer on-site training, and enterprise E-Courseware options for large organizations in various languages.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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