The Manufacturers Life Insurance Company Grows Stake in Strategy Incorporated (NASDAQ:MSTR)

The Manufacturers Life Insurance Company raised its position in Strategy Incorporated (NASDAQ:MSTR) by 22.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,176 shares of the software maker’s stock after purchasing an additional 1,897 shares during the period. The Manufacturers Life Insurance Company’s holdings in Strategy were worth $2,947,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Optiver Holding B.V. acquired a new stake in Strategy in the 4th quarter valued at about $6,945,000. Public Employees Retirement Association of Colorado increased its stake in shares of Strategy by 15.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 18,280 shares of the software maker’s stock worth $5,294,000 after purchasing an additional 2,460 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management increased its stake in shares of Strategy by 2.9% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 2,017 shares of the software maker’s stock worth $584,000 after purchasing an additional 57 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of Strategy by 32.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,388 shares of the software maker’s stock worth $981,000 after purchasing an additional 838 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Strategy in the 4th quarter valued at approximately $1,393,000. Hedge funds and other institutional investors 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 company’s stock in a transaction 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 sale, the director now directly owns 4,970 shares of the company’s stock, valued at approximately $1,669,423. This represents a 75.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Wei-Ming Shao acquired 500 shares of the business’s stock in a transaction on 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 directly owns 500 shares of the company’s stock, valued at $42,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 8,000 shares of company stock worth $680,000 and sold 40,098 shares worth $13,432,270. 9.16% of the stock is owned by insiders.

Strategy Trading Up 0.4 %

Shares of MSTR opened at $415.93 on Friday. Strategy Incorporated has a twelve month low of $102.40 and a twelve month high of $543.00. The firm has a market capitalization of $107.04 billion, a P/E ratio of -73.84 and a beta of 3.79. 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 stock’s fifty day simple moving average is $318.40 and its 200 day simple moving average is $328.50.

Strategy (NASDAQ:MSTR) last released its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($16.47). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The firm had revenue of $111.07 million during the quarter, compared to analysts’ expectations of $116.66 million. During the same quarter last year, the business earned ($0.83) earnings per share. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays raised their price target on Strategy from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Canaccord Genuity Group lifted their price objective on Strategy from $409.00 to $464.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Mizuho initiated coverage on shares of Strategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. Compass Point upgraded shares of Strategy to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, 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 on the stock. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Strategy currently has an average rating of “Moderate Buy” and an average target price of $514.42.

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.