BlackRock, Inc disclosed that they own a 9.9% stake in MicroStrategy Incorporated (NASDAQ:MSTR) in a Schedule 13G/A disclosure that was filed with the SEC on Tuesday, January 26th. The investor owns 925,580 shares of the stock worth $136,199,097. The filing is available through Edgar at this link.

Several other hedge funds have also recently added to or reduced their stakes in the company. Northcoast Asset Management purchased a new stake in MicroStrategy during the third quarter worth $1,082,000. Emerald Advisers Inc. PA raised its stake in MicroStrategy by 39.3% in the fourth quarter. Emerald Advisers Inc. PA now owns 184,883 shares of the company’s stock worth $33,148,000 after buying an additional 52,182 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in MicroStrategy by 46.1% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 176,515 shares of the company’s stock worth $31,647,000 after buying an additional 55,713 shares during the last quarter. Finally, Acadian Asset Management raised its stake in MicroStrategy by 220.2% in the fourth quarter. Acadian Asset Management now owns 195,880 shares of the company’s stock worth $35,117,000 after buying an additional 134,707 shares during the last quarter.

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) traded up 0.87% during trading on Tuesday, hitting $147.15. 167,072 shares of the stock were exchanged. The stock’s 50 day moving average price is $166.63 and its 200 day moving average price is $186.96. MicroStrategy Incorporated has a one year low of $141.01 and a one year high of $226.48. The stock has a market cap of $1.67 billion and a PE ratio of 18.95.

MSTR has been the topic of a number of recent research reports. Deutsche Bank restated a “buy” rating on shares of MicroStrategy in a research note on Tuesday, November 3rd. Zacks Investment Research upgraded shares of MicroStrategy from a “hold” rating to a “buy” rating and set a $202.00 price target on the stock in a research note on Tuesday, December 29th. Mizuho began coverage on shares of MicroStrategy in a research note on Thursday, December 10th. They issued a “buy” rating and a $200.00 price target on the stock. SunTrust dropped their price target on shares of MicroStrategy from $290.00 to $242.00 and set a “buy” rating on the stock in a research note on Tuesday, October 27th. Finally, Brean Capital reiterated a “hold” rating on shares of MicroStrategy in a research note on Wednesday, January 20th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $212.83.

MicroStrategy Incorporated is a provider of enterprise-ready analytics, mobile, and security software platforms. The MicroStrategy Analytics Platform provides organizations to analyze vast amounts of data and distribute actionable business insight throughout an enterprise through two offerings: MicroStrategy Analytics Platform and MicroStrategy Analytics Desktop. The Company’s MicroStrategy Analytics Platform delivers reports and dashboards, and provides users to conduct ad hoc analysis and share insights anywhere, anytime, through mobile devices or the Web. The MicroStrategy Analytics Platform is integrated with MicroStrategy Analytics Desktop, a standalone desktop tool that provides business users to analyze and understand their data. The Company’s services consists of various services lines, including MicroStrategy technology services, MicroStrategy professional services and MicroStrategy education services.

12 Month Chart for NASDAQ:MSTR

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