1,693 Shares in Strategy Incorporated (NASDAQ:MSTR) Bought by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc bought a new stake in Strategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,693 shares of the software maker’s stock, valued at approximately $490,000.

A number of other hedge funds have also recently made changes to their positions in the company. Maryland State Retirement & Pension System lifted its position in shares of Strategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock worth $2,604,000 after purchasing an additional 30 shares during the period. GPS Wealth Strategies Group LLC raised its stake in Strategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after buying an additional 35 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Strategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after buying an additional 39 shares during the period. WR Wealth Planners LLC boosted its position in Strategy by 22.6% during the fourth quarter. WR Wealth Planners LLC now owns 260 shares of the software maker’s stock valued at $75,000 after acquiring an additional 48 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. grew its holdings in Strategy by 0.9% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker’s stock worth $1,558,000 after acquiring an additional 50 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

Strategy Trading Down 8.3 %

NASDAQ:MSTR opened at $272.34 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. Strategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The company has a market cap of $70.09 billion, a PE ratio of -48.35 and a beta of 3.46. The firm has a 50-day moving average of $296.76 and a 200-day moving average of $304.64.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings data 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

A number of research analysts have recently issued reports on the company. Cantor Fitzgerald boosted their price objective on Strategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Canaccord Genuity Group dropped their price target on Strategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Maxim Group raised their price objective on shares of Strategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 target price on shares of Strategy in a research report on Thursday, December 12th. Finally, Benchmark restated a “buy” rating and issued a $650.00 price target on shares of Strategy in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $508.09.

Insider Activity at Strategy

In other Strategy news, Director Leslie J. Rechan sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were 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 approximately $1,669,423. This represents a 75.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Wei-Ming Shao bought 500 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the transaction, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. 9.16% of the stock is currently owned by insiders.

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.