Garden State Investment Advisory Services LLC Acquires 75 Shares of Strategy Incorporated (NASDAQ:MSTR)

Garden State Investment Advisory Services LLC boosted its stake in Strategy Incorporated (NASDAQ:MSTR) by 2.9% in the fourth quarter, HoldingsChannel reports. The firm owned 2,705 shares of the software maker’s stock after acquiring an additional 75 shares during the period. Garden State Investment Advisory Services LLC’s holdings in Strategy were worth $783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Strategy in the 4th quarter valued at $523,981,000. Amundi boosted its holdings in shares of Strategy by 262.8% in the fourth 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. Proficio Capital Partners LLC bought a new stake in shares of Strategy during the fourth quarter worth $81,783,000. Geode Capital Management LLC raised its holdings in shares of Strategy by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after acquiring an additional 281,342 shares during the period. Finally, Virtu Financial LLC lifted its position in Strategy by 10,398.4% in the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after acquiring an additional 222,109 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Maxim Group lifted their price target on Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Benchmark reissued a “buy” rating and issued a $650.00 price objective on shares of Strategy in a research report on Tuesday, January 14th. Barclays lowered their target price on Strategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Canaccord Genuity Group reduced their price target on Strategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Cantor Fitzgerald upped their price objective on Strategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Strategy currently has a consensus rating of “Moderate Buy” and a consensus price target of $508.09.

Insider Activity at Strategy

In other news, EVP Wei-Ming Shao acquired 500 shares of Strategy stock in a transaction dated Thursday, March 20th. The stock was bought at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the acquisition, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. The trade was a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Leslie J. Rechan sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the transaction, the director now owns 4,970 shares in the company, valued at approximately $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 90 days, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. 9.16% of the stock is owned by company insiders.

Strategy Stock Down 0.2 %

MSTR stock opened at $310.72 on Wednesday. Strategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. The business’s 50 day simple moving average is $295.00 and its 200 day simple moving average is $307.61. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $79.96 billion, a PE ratio of -55.16 and a beta of 3.46.

Strategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

About Strategy

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.