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

The Manufacturers Life Insurance Company increased its stake in shares of Strategy Incorporated (NASDAQ:MSTR) by 22.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock valued at $881,470,000 after buying an additional 281,342 shares in the last quarter. Norges Bank acquired a new position in Strategy in the 4th quarter valued at about $523,981,000. Charles Schwab Investment Management Inc. increased its stake in Strategy by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock worth $220,626,000 after purchasing an additional 97,515 shares during the period. Amundi lifted its position in shares of Strategy by 262.8% during the fourth 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. Finally, Swiss National Bank boosted its stake in shares of Strategy by 10.4% in the fourth quarter. Swiss National Bank now owns 517,000 shares of the software maker’s stock valued at $149,734,000 after purchasing an additional 48,800 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. HC Wainwright began coverage on shares of Strategy in a report on Tuesday, April 29th. They set a “buy” rating and a $480.00 target price on the stock. Monness Crespi & Hardt cut Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a research note on Tuesday, April 1st. Mizuho began coverage on Strategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. Cantor Fitzgerald decreased their price objective on Strategy from $619.00 to $614.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Finally, Canaccord Genuity Group upped their target price 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. One investment 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. According to data from MarketBeat.com, Strategy has a consensus rating of “Moderate Buy” and a consensus price target of $514.42.

Insider Activity at Strategy

In other Strategy news, CEO Phong Le acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, with a total value of $510,000.00. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Wei-Ming Shao purchased 500 shares of the stock in a transaction dated Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the purchase, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 40,098 shares worth $13,432,270. 9.16% of the stock is currently owned by insiders.

Strategy Stock Up 0.4 %

MSTR opened at $415.93 on Friday. The stock 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 debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. Strategy Incorporated has a one year low of $102.40 and a one year high of $543.00. The business’s 50-day simple moving average is $318.40 and its 200-day simple moving average is $328.50.

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

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.