Nuveen Asset Management LLC Sells 361 Shares of Strategy Incorporated (NASDAQ:MSTR)

Nuveen Asset Management LLC lowered its stake in shares of Strategy Incorporated (NASDAQ:MSTR) by 0.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 399,119 shares of the software maker’s stock after selling 361 shares during the period. Nuveen Asset Management LLC owned approximately 0.17% of Strategy worth $115,593,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC lifted 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 acquiring an additional 281,342 shares during the period. Norges Bank bought a new position in Strategy during the 4th quarter valued at about $523,981,000. Northern Trust Corp lifted its stake in Strategy by 24.4% during the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker’s stock valued at $311,685,000 after acquiring an additional 210,997 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Strategy by 14.7% in the 4th 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. Finally, Amundi lifted its stake in shares of 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 during the period. Institutional investors own 59.84% of the company’s stock.

Strategy Price Performance

NASDAQ MSTR opened at $399.80 on Friday. Strategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00. The stock has a market cap of $109.31 billion, a price-to-earnings ratio of -70.97 and a beta of 3.79. The company’s 50 day moving average is $331.21 and its two-hundred day moving average is $334.31. 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 released its earnings results 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 for the quarter, compared to the consensus estimate of $116.66 million. During the same quarter in the previous year, the business posted ($0.83) EPS. Strategy’s revenue was down 3.6% on a year-over-year basis.

Insider Buying and Selling at Strategy

In other Strategy news, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the completion of the sale, the chief accounting officer now directly owns 7,805 shares of the company’s stock, valued at $2,569,952.35. This trade represents a 5.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jarrod M. Patten sold 1,100 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $427.00, for a total transaction of $469,700.00. Following the sale, the director now directly owns 9,170 shares of the company’s stock, valued at approximately $3,915,590. This trade represents a 10.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 41,198 shares valued at $13,901,970. Insiders own 9.16% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MSTR shares. Mizuho started coverage on shares of Strategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. Canaccord Genuity Group increased their price objective 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. BTIG Research reiterated a “buy” rating on shares of Strategy in a research note on Wednesday. Barclays increased their price objective on shares of Strategy from $421.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Finally, UBS Group reiterated a “buy” rating on shares of Strategy in a research note on Friday. One analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $514.42.

Strategy Company 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.