Strategy Incorporated (NASDAQ:MSTR) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc raised its stake in Strategy Incorporated (NASDAQ:MSTR) by 55.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 98,403 shares of the software maker’s stock after purchasing an additional 35,143 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Strategy were worth $28,499,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MSTR. Proficio Capital Partners LLC purchased a new position in shares of Strategy during the 4th quarter worth approximately $81,783,000. Clarity Capital Partners LLC grew its stake in shares of Strategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock valued at $7,274,000 after buying an additional 13,817 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Strategy by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock valued at $220,626,000 after buying an additional 97,515 shares during the period. Chung Wu Investment Group LLC acquired a new position in Strategy during the 4th quarter worth about $850,000. Finally, Crew Capital Management Ltd. purchased a new position in Strategy during the 4th quarter valued at about $333,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MSTR shares. Canaccord Genuity Group boosted their price target on shares of Strategy from $409.00 to $464.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Maxim Group increased their target price on shares of Strategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Barclays boosted their price target on shares of Strategy from $421.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Mizuho began coverage on Strategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. Finally, Cantor Fitzgerald lowered their target price on Strategy from $619.00 to $614.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $514.42.

Insider Buying and Selling at Strategy

In other Strategy news, EVP Wei-Ming Shao bought 500 shares of the stock in a transaction dated Thursday, March 20th. The shares were acquired 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. The trade was a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Phong Le purchased 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, with a total value of $510,000.00. Following the purchase, the chief executive officer now owns 6,000 shares in the company, valued at $510,000. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 8,000 shares of company stock worth $680,000 and sold 40,098 shares worth $13,432,270. 9.16% of the stock is currently owned by insiders.

Strategy Price Performance

Shares of NASDAQ MSTR opened at $415.93 on Friday. The stock’s 50-day simple moving average is $318.40 and its 200-day simple moving average is $329.30. The firm has a market capitalization of $107.04 billion, a PE ratio of -73.84 and a beta of 3.79. Strategy Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00. 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 issued its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($16.47). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The company had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. During the same quarter in the previous year, the company posted ($0.83) EPS. The company’s quarterly revenue was down 3.6% on a year-over-year basis.

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.