Laurion Capital Management LP Acquires Shares of 99,294 MicroStrategy Incorporated (MSTR)

Laurion Capital Management LP acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 99,294 shares of the software maker’s stock, valued at approximately $13,962,000. Laurion Capital Management LP owned approximately 0.87% of MicroStrategy as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSTR. BlackRock Inc. grew its holdings in shares of MicroStrategy by 1.8% during the 3rd quarter. BlackRock Inc. now owns 1,594,370 shares of the software maker’s stock valued at $224,201,000 after acquiring an additional 27,427 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of MicroStrategy by 16.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 558,587 shares of the software maker’s stock valued at $78,549,000 after acquiring an additional 78,253 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of MicroStrategy by 14.9% during the 3rd quarter. Victory Capital Management Inc. now owns 307,599 shares of the software maker’s stock valued at $43,255,000 after acquiring an additional 39,999 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of MicroStrategy by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 258,102 shares of the software maker’s stock valued at $36,294,000 after acquiring an additional 1,817 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of MicroStrategy by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 141,800 shares of the software maker’s stock valued at $18,115,000 after acquiring an additional 6,600 shares in the last quarter. Hedge funds and other institutional investors own 75.11% of the company’s stock.

Several equities analysts have recently commented on MSTR shares. ValuEngine upgraded shares of MicroStrategy from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Zacks Investment Research cut shares of MicroStrategy from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 27th. Finally, BidaskClub upgraded shares of MicroStrategy from a “hold” rating to a “buy” rating in a report on Friday, August 10th.

MicroStrategy stock opened at $126.71 on Thursday. The firm has a market cap of $1.45 billion, a PE ratio of 23.73 and a beta of 0.61. MicroStrategy Incorporated has a 12 month low of $120.26 and a 12 month high of $151.23.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Thursday, October 25th. The software maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.22. The company had revenue of $122.15 million for the quarter, compared to analyst estimates of $126.61 million. MicroStrategy had a negative net margin of 1.39% and a positive return on equity of 5.51%. As a group, sell-side analysts predict that MicroStrategy Incorporated will post 2.82 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This article was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this article on another site, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this article can be viewed at https://www.chaffeybreeze.com/2018/12/06/laurion-capital-management-lp-acquires-shares-of-99294-microstrategy-incorporated-mstr.html.

About MicroStrategy

MicroStrategy Incorporated provides enterprise software platforms worldwide. It offers MicroStrategy Analytics platform that delivers reports and dashboards, and enables users to conduct ad hoc analysis and share insights through mobile devices or the Web; MicroStrategy Server, which provides analytical processing and job management for various reporting, analysis, and monitoring applications; MicroStrategy Web, a primary reporting interface for analysts that offers interactive reporting, dashboarding, and analysis through a Web browser; and MicroStrategy Desktop, an on-premise and single-user tool for easy-to-use self-service visual data discovery.

Further Reading: What are Institutional Investors?

Want to see what other hedge funds are holding MSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MicroStrategy Incorporated (NASDAQ:MSTR).

Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

Receive News & Ratings for MicroStrategy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroStrategy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply