Norinchukin Bank The Makes New Investment in Strategy Incorporated (NASDAQ:MSTR)

Norinchukin Bank The acquired a new stake in Strategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,859 shares of the software maker’s stock, valued at approximately $538,000.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in Strategy in the 4th quarter valued at about $523,981,000. Amundi lifted its stake in shares of Strategy by 262.8% during 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. First Trust Advisors LP boosted its position in Strategy by 266.1% during 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 during the last quarter. Proficio Capital Partners LLC purchased a new stake in Strategy in the 4th quarter worth approximately $81,783,000. Finally, Geode Capital Management LLC raised its holdings in Strategy by 10.2% in 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 acquiring an additional 281,342 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insiders Place Their Bets

In related news, Director Leslie J. Rechan sold 15,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly owns 4,970 shares of the company’s stock, valued at $1,669,423. The trade was a 75.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeanine Montgomery sold 481 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares in the company, valued at $2,569,952.35. The trade was a 5.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 8,000 shares of company stock worth $680,000 and have sold 32,998 shares worth $10,821,926. 9.16% of the stock is currently owned by company insiders.

Strategy Stock Performance

Shares of NASDAQ:MSTR opened at $343.03 on Wednesday. The company has a market cap of $88.28 billion, a P/E ratio of -60.90 and a beta of 3.46. Strategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The business’s 50-day simple moving average is $294.47 and its 200 day simple moving average is $312.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

Strategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) 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%.

Analyst Ratings Changes

Several research firms have recently issued reports on MSTR. Monness Crespi & Hardt cut Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a report on Tuesday, April 1st. Barclays decreased their price target on Strategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Keefe, Bruyette & Woods started coverage on shares of Strategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective for the company. Mizuho began coverage on shares of Strategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $650.00 price target on shares of Strategy in a research report on Tuesday, January 14th. One investment 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 company. Based on data from MarketBeat.com, Strategy presently has an average rating of “Moderate Buy” and a consensus target price of $508.09.

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.