Strategy Incorporated (NASDAQ:MSTR) Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System raised its stake in shares of Strategy Incorporated (NASDAQ:MSTR) by 12.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 285,785 shares of the software maker’s stock after buying an additional 32,191 shares during the period. California State Teachers Retirement System’s holdings in Strategy were worth $82,769,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Strategy in the 4th quarter valued at $523,981,000. Amundi increased its holdings in Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after purchasing an additional 413,028 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Strategy by 266.1% in the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker’s stock valued at $120,938,000 after buying an additional 303,517 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Strategy in the fourth quarter valued at approximately $81,783,000. Finally, Geode Capital Management LLC increased its position in shares of Strategy by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after acquiring an additional 281,342 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

Strategy Trading Up 0.1 %

Shares of Strategy stock opened at $369.25 on Tuesday. Strategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The company has a market cap of $95.03 billion, a price-to-earnings ratio of -65.55 and a beta of 3.46. The company’s fifty day simple moving average is $296.58 and its 200-day simple moving average is $318.45. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insiders Place Their Bets

In other Strategy news, CEO Phong Le bought 6,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average price of $85.00 per share, for a total transaction of $510,000.00. Following the transaction, the chief executive officer now directly owns 6,000 shares in the company, valued at approximately $510,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Wei-Ming Shao acquired 500 shares of Strategy stock in a transaction dated Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, with a total value of $42,500.00. Following the completion of the acquisition, the executive vice president now directly owns 500 shares of the company’s stock, valued at approximately $42,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 34,698 shares valued at $11,403,343. Insiders own 9.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods initiated coverage on Strategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. Compass Point raised shares of Strategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Mizuho assumed coverage on Strategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. Benchmark reaffirmed a “buy” rating and set a $650.00 price target on shares of Strategy in a research note on Tuesday, January 14th. Finally, 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. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.