Advisory Services Network LLC Buys New Shares in Strategy Incorporated (NASDAQ:MSTR)

Advisory Services Network LLC purchased a new position in shares of Strategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,101 shares of the software maker’s stock, valued at approximately $319,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Strategy in the 4th quarter worth approximately $523,981,000. Amundi lifted its holdings in shares of Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after acquiring an additional 413,028 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Strategy in the 4th quarter valued at $81,783,000. Geode Capital Management LLC grew its holdings in shares of Strategy by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock valued at $881,470,000 after purchasing an additional 281,342 shares during the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of Strategy by 10,398.4% during the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after purchasing an additional 222,109 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Strategy Trading Up 1.8 %

Shares of MSTR opened at $317.20 on Friday. Strategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. The firm has a market capitalization of $81.63 billion, a price-to-earnings ratio of -56.31 and a beta of 3.46. The firm’s 50-day moving average price is $294.33 and its 200-day moving average price is $308.67. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

Strategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insiders Place Their Bets

In other news, Director Leslie J. Rechan sold 15,000 shares of Strategy stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Wei-Ming Shao purchased 500 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the transaction, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 8,000 shares of company stock worth $680,000 and sold 32,998 shares worth $10,821,926. 9.16% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Maxim Group upped their price target on shares of Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on Strategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target on the stock. Monness Crespi & Hardt downgraded Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective for the company. in a research report on Tuesday, April 1st. Cantor Fitzgerald raised their target price on shares of Strategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Benchmark reiterated a “buy” rating and set a $650.00 price target on shares of Strategy in a report on Tuesday, January 14th. One investment 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. According to MarketBeat, Strategy has a consensus rating of “Moderate Buy” and an average target price of $508.09.

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.