Strategy Incorporated (NASDAQ:MSTR) Shares Purchased by Focus Partners Wealth

Focus Partners Wealth raised its position in Strategy Incorporated (NASDAQ:MSTR) by 35.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,592 shares of the software maker’s stock after acquiring an additional 942 shares during the quarter. Focus Partners Wealth’s holdings in Strategy were worth $1,051,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of MSTR. Norges Bank purchased a new position in shares of Strategy in the fourth quarter valued at approximately $523,981,000. Amundi boosted its position in Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after buying an additional 413,028 shares during the period. First Trust Advisors LP grew its stake in shares of Strategy by 266.1% in the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker’s stock worth $120,938,000 after acquiring an additional 303,517 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Strategy during the fourth quarter worth $81,783,000. Finally, Geode Capital Management LLC raised its stake in shares of Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock valued at $881,470,000 after acquiring an additional 281,342 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Canaccord Genuity Group boosted their target price on Strategy from $409.00 to $464.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Maxim Group upped their target price on shares of Strategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Cantor Fitzgerald dropped their price objective on shares of Strategy from $619.00 to $614.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. HC Wainwright assumed coverage on shares of Strategy in a research report on Tuesday, April 29th. They set a “buy” rating and a $480.00 price objective for the company. Finally, Barclays increased their target price on Strategy from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $514.42.

Strategy Stock Performance

NASDAQ MSTR opened at $399.80 on Friday. The company has a fifty day moving average of $331.21 and a two-hundred day moving average of $334.92. The company has a market capitalization of $109.31 billion, a PE ratio of -70.97 and a beta of 3.79. Strategy Incorporated has a 1 year low of $102.40 and a 1 year high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

Strategy (NASDAQ:MSTR) last announced its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($16.47). The firm had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the company earned ($0.83) earnings per share.

Insider Activity at Strategy

In related news, CEO Phong Le purchased 6,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $510,000.00. Following the transaction, the chief executive officer now directly owns 6,000 shares of the company’s stock, valued at approximately $510,000. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao acquired 500 shares of Strategy stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, with a total value of $42,500.00. Following the completion of the purchase, the executive vice president now owns 500 shares in the company, valued at $42,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 8,000 shares of company stock worth $680,000 and sold 41,198 shares worth $13,901,970. 9.16% of the stock is owned by insiders.

Strategy Company Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.