LaSalle St. Investment Advisors LLC Buys New Stake in Strategy Incorporated (NASDAQ:MSTR)

LaSalle St. Investment Advisors LLC purchased a new position in Strategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,874 shares of the software maker’s stock, valued at approximately $542,000.

A number of other large investors have also made changes to their positions in the business. Norges Bank purchased a new stake in shares of Strategy during the fourth quarter worth about $523,981,000. Amundi boosted its stake in Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after purchasing an additional 413,028 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Strategy during the 4th quarter valued at approximately $81,783,000. Geode Capital Management LLC increased its stake in Strategy by 10.2% during 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 purchasing an additional 281,342 shares in the last quarter. Finally, Virtu Financial LLC raised its holdings in shares of Strategy by 10,398.4% in the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after buying an additional 222,109 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods initiated coverage on Strategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price on the stock. Mizuho started coverage on Strategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. Cantor Fitzgerald lifted their target price on Strategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Monness Crespi & Hardt downgraded shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price target on the stock. in a report on Tuesday, April 1st. Finally, Canaccord Genuity Group decreased their price objective on shares of Strategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Strategy currently has a consensus rating of “Moderate Buy” and an average price target of $508.09.

Strategy Stock Up 10.1 %

MSTR opened at $299.98 on Monday. The company has a fifty day moving average of $295.80 and a two-hundred day moving average of $306.65. The stock has a market capitalization of $77.20 billion, a price-to-earnings ratio of -53.25 and a beta of 3.46. Strategy Incorporated has a fifty-two week low of $101.00 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 released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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%.

Insider Activity

In other news, CEO Phong Le purchased 6,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, with a total value of $510,000.00. Following the completion of the purchase, the chief executive officer now directly owns 6,000 shares of the company’s stock, valued at approximately $510,000. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Wei-Ming Shao acquired 500 shares of Strategy stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, with a total value of $42,500.00. Following the completion of the purchase, the executive vice president now owns 500 shares in the company, valued at $42,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Insiders own 9.16% of the company’s stock.

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.