Cerity Partners LLC Boosts Holdings in Strategy Incorporated (NASDAQ:MSTR)

Cerity Partners LLC boosted its position in shares of Strategy Incorporated (NASDAQ:MSTR) by 90.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,743 shares of the software maker’s stock after purchasing an additional 5,573 shares during the quarter. Cerity Partners LLC’s holdings in Strategy were worth $3,314,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC grew its holdings in shares of Strategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after buying an additional 77 shares during the last quarter. Riverview Trust Co purchased a new stake in Strategy during the 4th quarter valued at $25,000. IAG Wealth Partners LLC purchased a new position in shares of Strategy in the fourth quarter worth $25,000. Parkside Financial Bank & Trust lifted its holdings in shares of Strategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Aspect Partners LLC purchased a new stake in shares of Strategy during the fourth quarter valued at $28,000. 59.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MSTR. Cantor Fitzgerald raised their price target on shares of Strategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Barclays decreased their target price on shares of Strategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Mizuho initiated coverage on Strategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Maxim Group increased their target price on Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Monness Crespi & Hardt downgraded Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $508.09.

Insiders Place Their Bets

In other Strategy news, CFO Andrew Kang acquired 1,500 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, with a total value of $127,500.00. Following the completion of the purchase, the chief financial officer now directly owns 1,500 shares in the company, valued at approximately $127,500. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $5,038,500.00. Following the sale, the director now directly owns 4,970 shares in the company, valued at $1,669,423. This trade represents a 75.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders acquired 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. 9.16% of the stock is currently owned by company insiders.

Strategy Trading Up 3.8 %

Strategy stock opened at $311.45 on Tuesday. Strategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The firm has a market capitalization of $80.15 billion, a price-to-earnings ratio of -55.29 and a beta of 3.46. The firm has a 50 day moving average of $295.29 and a 200 day moving average of $307.59. 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 announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) 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%.

Strategy 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.