Handelsbanken Fonder AB Has $14.43 Million Stock Holdings in Strategy Incorporated (NASDAQ:MSTR)

Handelsbanken Fonder AB grew its position in shares of Strategy Incorporated (NASDAQ:MSTR) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,060 shares of the software maker’s stock after purchasing an additional 2,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Strategy were worth $14,431,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MSTR. Yousif Capital Management LLC raised its holdings in Strategy by 6.3% during the 4th quarter. Yousif Capital Management LLC now owns 2,036 shares of the software maker’s stock worth $590,000 after purchasing an additional 121 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in shares of Strategy by 957.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,057 shares of the software maker’s stock valued at $306,000 after acquiring an additional 957 shares in the last quarter. Moloney Securities Asset Management LLC bought a new stake in shares of Strategy in the 4th quarter valued at $235,000. Empowered Funds LLC increased its stake in shares of Strategy by 27.4% in the 4th quarter. Empowered Funds LLC now owns 3,326 shares of the software maker’s stock valued at $963,000 after acquiring an additional 716 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its stake in shares of Strategy by 69.7% in the 4th quarter. Kestra Private Wealth Services LLC now owns 8,737 shares of the software maker’s stock valued at $2,530,000 after acquiring an additional 3,590 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MSTR. UBS Group reiterated a “buy” rating on shares of Strategy in a research note on Friday, May 16th. BTIG Research reiterated a “buy” rating on shares of Strategy in a research note on Wednesday, May 14th. Monness Crespi & Hardt lowered shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective for the company. in a research note on Tuesday, April 1st. Cantor Fitzgerald restated a “hold” rating on shares of Strategy in a research note on Monday, May 19th. Finally, Canaccord Genuity Group restated a “buy” rating on shares of Strategy in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $514.42.

Insider Buying and Selling

In other Strategy news, Director Carl J. Rickertsen sold 26,390 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $372.40, for a total transaction of $9,827,636.00. Following the sale, the director now directly owns 980 shares of the company’s stock, valued at $364,952. This represents a 96.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Wei-Ming Shao acquired 500 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were acquired at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the acquisition, the executive vice president now 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. In the last ninety days, insiders have purchased 33,277 shares of company stock valued at $2,992,345 and have sold 93,619 shares valued at $33,607,643. 8.46% of the stock is owned by insiders.

Strategy Stock Performance

NASDAQ MSTR opened at $387.11 on Thursday. Strategy Incorporated has a 1 year low of $102.40 and a 1 year high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a market cap of $105.84 billion, a price-to-earnings ratio of -68.72 and a beta of 3.73. The company has a fifty day moving average price of $360.82 and a 200-day moving average price of $342.12.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings results 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 company had revenue of $111.07 million during the quarter, compared to analysts’ expectations of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. Strategy’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.83) earnings per share.

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.