Capital Group Investment Management PTE. LTD. Purchases New Holdings in Strategy Incorporated (NASDAQ:MSTR)

Capital Group Investment Management PTE. LTD. acquired a new position in Strategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,034 shares of the software maker’s stock, valued at approximately $299,000.

Other large investors also recently bought and sold shares of the company. Garden State Investment Advisory Services LLC boosted its stake in shares of Strategy by 1,005.0% in the third quarter. Garden State Investment Advisory Services LLC now owns 2,630 shares of the software maker’s stock worth $443,000 after acquiring an additional 2,392 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Strategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 6,104 shares in the last quarter. Virtu Financial LLC boosted its stake in Strategy by 10,398.4% during the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after purchasing an additional 222,109 shares during the last quarter. Peapack Gladstone Financial Corp grew its holdings in shares of Strategy by 900.0% during the third quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker’s stock worth $396,000 after buying an additional 2,115 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Strategy by 3.3% in the third quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker’s stock valued at $716,000 after buying an additional 135 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Strategy news, Director Leslie J. Rechan sold 15,000 shares of Strategy stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the transaction, the director now directly owns 4,970 shares of the company’s stock, valued at $1,669,423. The trade was a 75.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Wei-Ming Shao sold 10,000 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $315.00, for a total transaction of $3,150,000.00. Following the sale, the executive vice president now directly owns 10,597 shares in the company, valued at $3,338,055. This represents a 48.55 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 8,000 shares of company stock worth $680,000 and have sold 32,998 shares worth $10,821,926. 9.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MSTR shares. Compass Point upgraded shares of Strategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Benchmark restated a “buy” rating and issued a $650.00 price target on shares of Strategy in a research report on Tuesday, January 14th. Barclays cut their price target on Strategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Cantor Fitzgerald boosted their price objective on Strategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Mizuho started coverage on Strategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. One investment 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, Strategy presently has an average rating of “Moderate Buy” and an average target price of $508.09.

Strategy Stock Up 1.8 %

Shares of MSTR opened at $317.20 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market cap of $81.63 billion, a P/E ratio of -56.31 and a beta of 3.46. The company’s 50-day moving average price is $294.33 and its 200 day moving average price is $308.67. Strategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS 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%.

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.